Senior Valuations Actuary (Employee Benefits)
Excellent opportunity for a highly experienced SENIOR VALUATIONS ACTUARY (Employee Benefits) to assist the head of the Employee Benefits actuarial valuations team with taking ownership of key reporting responsibilities and the associated analysis around assumptions and results.
Duties & Responsibilities
KEY PURPOSE
The team is responsible for all actuarial valuations work for the Group Risk and Umbrella Fund businesses. The key tasks for the role include monthly experience reporting, quarterly regulatory reporting, semi-annual valuation reporting, and various actuarial analytics projects.
The work involves managing the processes for completion of reporting tasks, analysing and giving input on key actuarial metrics to assist in management decision making, and working with teams across the business to help improve different aspects of the product offering. The role will have direct reports.
- Taking ownership of the monthly actuarial experience process and producing reports for the head of the team and senior management to inform their decision making
- Completing bi-annual actuarial valuations and experience reports for sign-off of valuation results
- Semi-annual, in-depth, experience analyses to assist with setting assumptions
- Setting the annual budgets and capital plan for the business
- Development and maintenance of existing models and processes to drive efficiencies and ensure all methodologies and assumptions remain relevant and up to date
- Maintaining and updating data controls and systems
- Reviewing and assessing the risks and profitability of product and pricing proposals
- Working with other teams across the business to improve data and client experience metrics
Desired Experience & Qualification
- Matric with Mathematics
- Bachelor’s / Honours degree in Actuarial Science from an accredited institution
- At least 6 years of working experience in an actuarial environment, preferably in the life insurance or employee benefits industries
- Minimum academic qualification towards a FASSA designation (or international equivalent)
Technical Skills and Knowledge
- Effective communication skills
- Analytical thinking
- Proficiency in MS Word, MS Excel, and MS Outlook
Advantageous
- SQL coding experience advantageous
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