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 seeks an actuarial professional to join the founding team of a new actuarial services unit. The role involves providing actuarial audit support and engaging in various actuarial projects for prestigious clients. The ideal candidate will have actuarial qualifications and experience with IFRS 17 and IAS 19. This position promises a dynamic environment where contributions shape the future of actuarial support services at the firm.

Qualifications

• Strong background in actuarial science with experience in audit support.
• Familiarity with IFRS 17 and IAS 19 regulations.
• Ability to engage professionally with clients and stakeholders.

Responsibilities

• Provide actuarial audit support to clients in insurance and retirement sectors.
• Conduct reviews of technical provisions and liability reporting.
• Assist clients with IFRS 17 transition and actuarial audits.
• Engage in actuarial modelling and valuation from multiple perspectives.
• Support the establishment of the actuarial business unit.

Skills

Actuarial audit support

IFRS 17 knowledge

Actuarial modelling

Data analysis

Education

Actuarial qualification

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.