Senior Actuarial Specialist

Old Mutual Insure; Johannesburg; On-site; ZAR 500 000 - 700 000; Full time

Job summary

A leading company in the insurance sector is seeking an experienced Actuarial professional to join their Actuarial Control Function. The role involves performing critical reviews and providing insights on solvency and product development. Candidates should have significant progress in actuarial exams and relevant experience in short-term reserving and capital modelling. This position offers an opportunity to contribute to the company's financial health and risk management strategies.

Qualifications

• 3+ years of experience in short term reserving and capital modelling.
• Knowledge of SAM and IFRS 17 required.

Responsibilities

• Perform second-line reviews and oversight support.
• Advise on long-term solvency of companies in the Group.
• Provide insight into underwriting performance.

Skills

Communication

Education

Actuarial Exams

Job description

We have a new, exciting role available in our Actuarial Control Function area.

Your responsibilities will include the following:

Perform second-line reviews and oversight support to the Head of Actuarial Function on the following:

• Reliability and adequacy of the regulatory (SAM) technical provisions
• Solvency calculations results review
• IFRS 17 Reviews
• Adequacy of the reinsurance and other risk transfer arrangements
• Advise on the long-term solvency of the companies in the Group, utilising possible scenarios; etc.
• The actuarial soundness of product development and design, including the terms and conditions of insurance contracts and pricing, and the estimations of the capital required to underwrite the product where required
• Provide insight into the underwriting performance of the business

Requirements:

• Made significant progress with actuarial exams (F100’s will be advantageous)
• At least 3+ years of experience in short term reserving, capital modelling
• SAM and IFRS 17 knowledge required
• Excellent communication skills
• 3-5 years of experience

The Recruitment Process:

• TA Interview: This will be a discussion with our Talent Acquisition Senior Specialist to give you an understanding of our business, our culture & values and more context on the role. It will also allow us the opportunity to get to know you more and ensure OMI can meet your career aspirations.
• Panel Interview: This will be with 2 members of the Senior Leadership of the Hiring Team and 1 member of the HC Leadership Team.
• Technical & Psychometric Assessments: These will depend on the role and will sometimes happen concurrently with Vetting through an external service provider & Internal Verification.
• Final Feedback.

All About OMI:

https://www.oldmutual.co.za/about/old-mutual-insure/

https://www.linkedin.com/posts/old-mutual-insure_i-work-at-old-mutual-insure-of-course-activity-7161674472469524483-w0j6?utm_source=share&utm_medium=member_desktop

Please note that, unfortunately, we cannot accept any applications after the closing date