Hire Resolve
Job Details
Division
Finance
Minimum experience
Mid-Senior
Company primary industry
Insurance
Job functional area
Finance
Salary
R1 000 000 – R1 500 000 per annum
Job Description
Hire Resolve’s Client is currently hiring for the position of Actuarial Manager to join their team. As an Actuarial Manager, you will manage an actuarial team responsible for analytical analysis and capital modelling, to ensure financial stability of the company and its clients and provide modelling support for the valuation of IFRS 17 compliant technical provisions.ResponsibilitiesInternal processPlay a leading role in the analysis of results, liaising with auditors and preparation of internal and external reporting material.Establish consistent processes and controls across the business, to ensure accurate reporting and risk management.Develop and maintain reserving and capital models.Manage the vetting of accounting data, asset data, reinsurance data and exposure data used for actuarial valuations.Deliver the quantitative projections for the annual ORSADeliver annual, quarterly and monthly SCR analysis Guardrisk Insurance and its cells in line with Group practices and policies.Participate in providing financial insights to proposed product developments and reinsurance arrangements.Collaborate with internal and external stakeholders.ClientBuild and maintain relationships with clients and stakeholders.Contribute to sustaining a competitive edge through external networking and benchmarking and representation on related forums.Engage with key internal and external stakeholders to identify changing client needs and make recommendations to align service offering with client needs.PeopleCreate a positive work climate and culture to energise employees, give meaning to work, minimise work disruption and maximise employee productivity.Demonstrate exemplary leadership behaviour, through personal involvement, commitment and dedication in support of organisational values.Drive a culture that guides and directs best practice, fostering an environment of continuous learning, improvement and cohesiveness.Enable a learning and growth culture whereby information regarding successes, issues, trends and ideas are actively shared between team members.Execute effective workforce planning practices to ensure that staffing requirements are accurately forecasted.Identify employee growth and development needs and schedule interventions to enable ongoing development, training and personal growth.FinanceManage high risk and problematic financial and capital issues in area of accountability and contribute to the development of policy.Implement and manage financial risk methodologies, techniques and systems and use to monitor and report on financial activities.Implement and provide feedback on the effectiveness of financial policy, practice and procedures: preventing illegal, unethical or improper conduct.Implement risk management, governance and compliance policies in own practice area, to identify and manage governance and risk exposure liability.Competencies requiredExpert knowledge MS OfficeAdvance knowledge of MS SQLIntermediate to advanced programming experienceAdvanced understanding of the components of SCR of a Non-Life insurer as prescribed by the prudential standards. Cell captive specific experience advantagesUnderstanding of relevant legislation, ie. Insurance act, Prudential standards, IFRS 4 and IFSR17Advanced understanding of triangulation methods including large loss reserving methods and liability valuation methods. Experience and QualificationsFellow Actuary specialising in Non-Life.At least 8 years’ relevant work experienceContact Hire Resolve for your next career-changing move todayOur client is offering a highly competitive salary for this role based on experience.Apply for this role today, contact Michaela Boustred at Hire Resolve or on LinkedInYou can also visit the Hire Resolve website: hireresolve.us or email us your CV: [email protected]We will contact you telephonically in 3 days should you be suitable for this vacancy. If you are not suitable, we will put your CV on file and contact you regarding any future vacancies that arise.
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