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Head of Actuarial

Industry: Insurance / Job Expires: 2023-02-08 14:24:31 / Location: Gauteng

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Purpose

The head of actuarial is responsible for all actuarial operations within the company. This would include being responsible for the valuation of technical provisions, modelling of capital requirements, technical rate reviews and financial and capital modelling related to risk management (including ORSA projections, reinsurance assessments and asset-liability modelling). The head of actuarial is effectively responsible for the quantification of underwriting and other financial risks to which the company is exposed to. The company will from time to time have to advise government on how to deal with special risks and this role would be expected to use its skills and expertise to formulate such advice.

Minimum requirements

  • Relevant degree.
  • Qualified actuary (FASSA/FIA/FFA).
  • CERA qualification will be advantageous.
  • Minimum of 3 to 6 years’ experience in a similar position in the short-term insurance industry.
  • Experience and understanding of a variety actuarial reserving methodologies. 
  • Detailed understanding of Solvency Assessment and Management (SAM) or Solvency II. 
  • Sound understanding of ERM principles and philosophy.

Main duties

  • Execution of valuation of technical provisions
  • Regulatory Capital Requirement Calculations
  • Economic Capital Requirement Calculations
  • Reporting
  • Own Risk and Solvency Assessment (ORSA) process
  • Support underwriting department with technical pricing, product developments and product enhancements
  • Business Focused Collaboration
  • Strategic involvement

Key competencies

  • Strong Computer literacy (especially MS Excel) 
  • Project Management 
  • Actuarial Reserving 
  • Capital Modelling 
  • Financial Analysis

 

N.B: By responding to this advert, you consent to Heitha Staffing Group processing your personal information for recruitment purposes and confirm that any personal information has been submitted voluntarily. Applicants will be requested to fill in and sign a POPI Act Consent Form.

Only shortlisted candidates will be contacted. If you have not heard from us in 4 weeks, consider your application unsuccessful.

To apply please send your CV to info@heitha.co.za. 


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