Corporate Actuarial Manager (Rosebank)

AtripleA recruitment & temps; South Africa; On-site; ZAR 30,000 - 50,000; Full time

Job summary

A leading recruitment agency is searching for an Actuarial Analyst in South Africa. The successful candidate will oversee a team and perform complex actuarial analyses related to reserving and capital tasks with minimal supervision. Applicants should possess a degree in actuarial science or related fields and have 3 to 7 years of experience. The role requires strong knowledge of insurance industry trends, excellent analytical skills, and proficiency in English. This position offers an opportunity to support international clients and engage with senior management.

Qualifications

• 3 to 7 years of experience in an actuarial environment.
• Strong knowledge of actuarial professional guidance and relevant legislation.
• Proficiency in English with a preference for proficiency in at least one other language.

Responsibilities

• Oversee a team and perform routine Reserving or Capital tasks.
• Provide actuarial services with minimal supervision.
• Support financial and strategic business decisions on reserving.

Skills

Self-motivation

Analytical thinking

Strong communication skills

Attention to detail

Education

University degree in actuarial science, statistics, mathematics, or a related field

Job description

Main Purpose

The role holder will be responsible to oversee a team and to perform routine Reserving or Capital tasks as assigned, requiring minimal direct supervision and to perform more complex analyses.

Key Performance Areas

General

• Provide actuarial services with minimal supervision
• Coordinate work tasks
• Provide guidance to members of the team
• Preform more complex analyses
• Demonstrate increasing knowledge of relevant actuarial disciplines and procedures to be able to provide first class service to international clients

Reserving Specific

• Under general direction, support reserving, reinsurance analysis, or market-facing business units in support of business objectives and annual IFRS audit
• With appropriate review and guidance from management coordinate, prepare, and perform actuarial analyses including any premium projections, consultations on actuarial models, and risk-based capital issues
• Support financial, market facing business units, claims, risks, capital management, and other functions on reserving and strategic business decisions

Capital Specific

• Under general direction, support capital modelling, data quality, regulatory returns, and audits
• With appropriate review and guidance management, coordinate, prepare, and perform actuarial analyses including collection of information from various stakeholders across the business

Business Support Specific

• Support actuarial services related to risk-based capital model development, parameterisation and allocation activities
• Perform data analytics and / or reinsurance analysis

Relationships

Internal

• Actuarial business partners
• Underwriting
• Claims
• Finance (FAR and PPM)
• Senior management / executives

External

• Head Actuarial Function
• Auditors (external and internal)
• Underwriting management agency (UMA) partners
• Network of contacts within the actuarial profession

Minimum Requirements

• University degree in actuarial science, statistics, mathematics, or a related field
• 3 to 7 years of experience in an actuarial environment
• Self-motivation and drive
• Professional, enthusiastic, and positive attitude
• Able to meet deadlines and work under pressure
• Strong knowledge of actuarial professional guidance and relevant legislation
• Strong knowledge of financial and accounting practices, financial analysis, and reporting
• Knowledge of the insurance industry trends, directions, major issues, regulatory considerations, and trendsetters
• Knowledge, insight, and understanding of business concepts, tools, and processes that are needed for making sound decisions in the context of the company's business
• Knowledge of practices and policies governing disclosure of information about the organisation
• Proficiency in English with a preference for proficiency in at least one other language