Job title : Senior Actuarial Specialist
Job Location : KwaZulu-Natal, Durban Deadline : January 03, 2025 Quick Recommended Links About the job
Senior Actuarial Specialist
- Are you a skilled and motivated actuarial professional looking to make an impact in the property finance industry? My client is seeking a Senior Actuarial Specialist to join their dynamic team. This role offers a unique opportunity to work across both Life and Non-Life Insurance Businesses and contribute to key strategic initiatives.
Key Responsibilities
- Perform and review monthly technical provisions (TP) calculations for Life and Non-Life businesses under IFRS17.
- Lead quarterly SAM valuations, returns, and annual valuation processes, including QRTs and QRRs.
- Conduct experience investigations, annual ORSA processes, and risk appetite statement validations.
- Negotiate Non-Life catastrophe reinsurance treaty renewals.
- Analyze claims and complaints, propose system improvements, and assess climate and liquidity risks.
- Ensure compliance with regulatory requirements, including the GOI standards.
- Prepare budgets, share price valuations, and dashboard reports.
- Collaborate with outsourced HAFs to implement system/process enhancements.
- Participate in ad hoc projects and provide input into group-level reports and returns.
Qualifications and Experience
- Substantial progress with actuarial exams (at least A100 & A200; A311 preferred).
- 3-4 years of actuarial experience in Life and/or Non-Life insurance.
- Proficiency in two or more areas: SAM, IFRS17, ORSA, valuations, AOS/EV calculations, or Prophet coding.
Skills and Competencies
- Strong technical actuarial skills with an understanding of relevant software and systems.
- Ability to see the big picture while maintaining attention to detail.
- Excellent written and verbal communication skills.
- A proactive and self-motivated approach with a drive to improve processes.
- Strong planning, prioritization, and accountability abilities.
