Manager Corporate Actuarial

Dawning Truth; Durban; On-site; ZAR 600,000 - 900,000; Full time

Job summary

A leading financial institution in Umhlanga Rocks, Durban seeks a Head of Actuarial Team to lead their actuarial department. The role entails managing the actuarial team, implementing financial models such as SAM and ECAP, and providing comprehensive support across various divisions. The ideal candidate is a qualified actuary with a proven track record in corporate actuarial environments, strong analytical skills, and ability to lead and motivate teams. Salary ranges from R 600 K to R 900 K annually depending on experience.

Benefits

Career advancement opportunities

Qualifications

• Must have strong analytical skills and an ability to manage staff.
• Experience with forecasting and financial planning essential.
• Prior experience in a corporate actuarial environment required.

Responsibilities

• Manage actuarial team and coordinate input into financial planning.
• Implement SAM and ECAP models in the company.
• Provide accurate business planning and reporting.

Skills

Analytical skills

Leadership

Proactive mindset

Excellent communication

Team player

Education

Qualified Actuary

5+ Years Corporate Actuarial Experience

2 years SAM experience

Tools

Word

Excel

Access

Job description

Overview

Leading financial Institution requires highly driven analytical individual to manage their actuarial team. This role is in the life division within the financial industry. The person must be able to coordinate the actuarial input into the financial planning process. Liaising between the Actuarial, Finance, Claims and Re-insurance divisions.

Responsibilities

• As such all activity will take place in this context :
• Understanding and implementation of SAM in the corporate actuarial environment.
• Understanding of current ECAP models
• Implementation of ECAP models
• Setup of profit testing models
• Co-ordination with the risk management function to build the internal model and risk structures for the business
• Identify Own risk and provide Self-Assessment
• Accurate Business planning
• Technical support to divisions within the group.
• Technical follow up of the legislation relating to insurance, analysis of the implementation and set up of the law evolutions.
• Accurate forecasting
• Monthly and annual financial reporting
• Calculating statutory capital
• Staff management
• Strategic thought and leadership presentations
• Assessment of competitor products and pricing

Key Job Deliverables

• Forecasting Analysis and reporting
• Effective employee management
• Effective monitoring structures

Background work experience

• 5+ Years Corporate Actuarial Experience
• Qualified Actuary
• 2 years SAM experience
• Strong skills in Word, Excel, Access

Qualify In Criteria

• Deadline Driven
• Relationship person
• Highly analytical
• Takes initiative – Proactive Self Starter
• Ability to work under pressure
• Ability to work with both people and data
• Accuracy / attention to detail
• Ability to identify problems
• Self-motivated
• Team Player
• Disciplined
• Ability to motivate staff
• Must be willing to learn
• Ability to communicate effectively with all stakeholders
• A definite team player with the ability to work independently when required
• Strategic thinker

Qualify Out Criteria

• Abrasive
• Emotionally cold
• Introverted – Not a people person
• Wants to be spoon fed
• Cannot communicate
• Cannot think for themselves
• Cannot operate independently
• Poor analysis skills
• Not detailed orientated
• Lethargic
• Blamer

Personality Summary

You will be a forceful go-getter. You will have highly analytical mind. You will be facts and figures orientated while paying attention to detail. You will have excellent people skills and will be able to motivate and lead a team. You will have excellent communication skills and will be able to work with tight deadlines.

Benefits of this Role

• This company is going places

Location : Umhlanga Rocks, Durban

Salary

Basic : R 600 K to R 900 K per annum (dependent on experience and proven track record).

Type : Permanent

Start : ASAP

Reference : DT104