Actuarial Risk Analyst

JVR Software; Durban; On-site; ZAR 600,000 - 1,000,000; Full time

Job summary

JVR Software in La Lucia, KwaZulu-Natal, seeks an Actuarial Risk Analyst to join our team. You will be exposed to valuations, SAM, reporting, budgeting, pricing, risk and reinsurance management, and other actuarial areas.

The role requires an Actuarial Science degree, at least 2 years in related areas, and progress with actuarial exams. IFRS17 and Prophet experience are advantageous. You will thrive if analytical, collaborative and effective at cross-department communication.

Qualifications

• Mathematics, Statistics or Actuarial Science Degree.
• At least 2 years experience in one or more of the focus areas.
• Progress with the Actuarial Exams.

Responsibilities

• Completion of Monthly, Quarterly and Annual valuations according to IFRS and SAM requirements.
• Assisting with IFRS 17 development and implementation.
• Assisting with ORSA process.
• Maintaining and updating models (Prophet).
• Developing and pricing new/updated products and ongoing maintenance.
• Producing management information reports for senior management.
• Assisting with risk registers and Risk Appetite Statements.
• Assisting with reinsurance calculations and reporting.
• Assisting with experience investigations and assumption setting.
• Participating in the annual budget process.

Skills

Analytical

Communication

Detail-oriented

Teamwork

Education

Actuarial Science degree

Tools

Prophet

Job description

An industry-leading company situated in La Lucia, KwaZulu-Natal is currently seeking the expertise of an experienced Actuarial Risk Analyst to join their team.

The role will provide exposure to valuations, Solvency Assessment and Management (SAM), reporting, budgeting, product development and pricing, risk and reinsurance management and other actuarial areas.

Focus Areas

You will be involved in a wide range of areas, including:

• Completion of Monthly, Quarterly and Annual valuations according to the IFRS and SAM requirements
• Assisting with IFRS 17 development and implementation
• Assisting with the Annual Own Risk and Solvency Assessment (ORSA) process
• Maintaining and updating models (Prophet and other macros)
• Developing and pricing new/updated products and ongoing maintenance
• Producing management information reports for circulation to senior management
• Assisting with the setting and reviewing of Risk registers and Risk Appetite Statements
• Calculations and reporting required in terms of the different reinsurance treaties
• Assisting with the experience investigations and assumption setting for valuation purposes
• Completing the Conduct of Business Returns (CBRs)
• Assisting with the actuarial components of the annual budget process
• Other ad-hoc items

What do you need?

Required

• Mathematics, Statistics or Actuarial Science Degree
• At least 2 years experience in one or more of the focus areas
• Progress with the Actuarial Exams

Advantage

• IFRS17 experience
• Prophet experience

The role would suit you if you are

• Analytical, ambitious and loves to get involved in a range of different tasks
• Comfortable engaging and communicating with people from different departments, and different seniority levels as well as external partners
• Accurate, pay attention to detail and take accountability for your work
• Creative, adaptable, innovative and delivery focused
• Pragmatic in your application of theoretical results

• Salary: negotiable.
• Our client is offering a highly competitive salary for this role based on experience.