Actuarial Specialist

Bdo South Africa; Cape Town; On-site; ZAR 300 000 - 400 000; Full time

Job summary

A leading audit and advisory firm in Cape Town is looking for an actuarial professional to join their founding team. This role involves providing actuarial audit support across various sectors, engaging with clients, and helping establish the new actuarial services business. Ideal candidates should have strong actuarial training, be energized by professional challenges, and be eager to participate in a growing firm. Competitive compensation and career growth opportunities are offered.

Qualifications

• Experience in actuarial audit support across various industries.
• Knowledge of IFRS standards and their application.
• Strong analytical skills for data collection and research.

Responsibilities

• Provide actuarial audit support to clients.
• Conduct reviews of technical provisions and draft reports.
• Engage with stakeholders to assess business needs.

Skills

Actuarial audit support

IFRS 17 engagement

Actuarial modelling

Business development

Job description

This is an entrepreneurial opportunity to become part of the founding team and participate in / lead the establishment of the actuarial team.

The primary focus for the initial phase will be the delivery of actuarial audit support on a portfolio of existing clients including several blue-chip names.Depending on the candidate’s interests and experience, the role will also offer opportunity to broaden expertise through a range of interesting projects outside traditional actuarial fields working with BDO Audit and Advisory Teams who provide advisory, consulting and audit services across South Africa.

BDO’s service offering and client portfolios provide an exciting and challenging environment.This is a unique prospect in a newly established team within a dynamic successful growing firm.We seek candidates who are energised by operating in a professional environment using their actuarial training and experience to deliver quality audit support whilst participating in establishment of a broader set of actuarial services to take to market.

Main Duties & Responsibilities

Day-to-day responsibilities will include any number of activities such as, but not limited to :

• Actuarial audit support to a portfolio of clients across the insurance (general and life), retirement funding and medical scheme industries
• Reviews of technical provisions / IAS 19 liabilities / IFRS 17 liabilities including report drafting
• Involvement in IFRS 17 engagements including transition aspects, assisting clients understand impacts of various policy decisions, actuarial audits etc.
• Actuarial modelling and valuation work from a variety of perspectives including liabilities, remediation, due diligence, audit, reinsurance, capital optimisation, dashboards etc.
• Actuarial function assessments, assisting insurance and other clients to transform & enhance actuarial and risk management processes including model reviews, operating structures
• Research, data collection, analysis, production of actionable recommendations
• Professional engagement with internal and external stakeholders including clients and suppliers
• Operational activities underpinning establishment of the actuarial business unit
• Business development initiatives, proposal writing, thought leadership collateral.