Manager Corporate Actuarial

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

Job summary

A leading financial institution in Durban North seeks a highly driven individual to manage their actuarial team. The role involves coordinating actuarial input, implementing SAM models, and conducting financial forecasting. Ideal candidates will have qualifications as an actuary and possess extensive experience in corporate actuarial environments. This permanent position offers a salary range of R 600K to R 900K per annum depending on experience.

Benefits

Opportunities for growth

Qualifications

• 5+ years of corporate actuarial experience required.
• Strong skills in forecasting analysis and financial reporting.
• Experience in SAM and competitor analysis necessary.

Responsibilities

• Manage and coordinate the actuarial team.
• Implement and understand SAM models.
• Provide technical support across divisions.

Skills

Analytical thinking

Team leadership

Proactive self-starter

Attention to detail

Education

Qualified Actuary

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. As such, 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.

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