| Date | 2024-12-26 |
|---|---|
| Job Title | Actuarial Manager |
| Employer | Hire Resolve More Information |
| Salary | 0 |
| Category | Finance Accounting |
| Location |
Gauteng / Johannesburg |
Job Summary
Hire Resolve`s Client is seeking an experienced Actuarial Manager specializing in Life Insurance to join their dynamic team. In this role, you will oversee projects related to life insurance products, ensuring accurate risk assessment, pricing, and capital management to uphold the financial health of the organization and provide clients with valuable insights.
Responsibilities
Internal process
- Lead actuarial evaluations and analyses for life insurance products, ensuring compliance with regulatory standards.
- Develop and maintain pricing models and reserve calculations for life insurance products.
- Oversee the preparation and presentation of actuarial reports and insights for internal stakeholders and external clients.
- Review and validate the actuarial assumptions and methodologies used in product pricing and valuation.
- Contribute to the design and implementation of IFRS 17 compliant models.
- Engage in annual ORSA processes and risk assessment initiatives.
- Collaborate with finance and risk management teams to ensure cohesive strategies in managing life insurance portfolios.
- Continuous improvement of actuarial processes, methodologies, and technical skills within the team.
Client
- Establish and nurture collaborative relationships with clients and key stakeholders.
- Engage in discussions to understand client requirements and align product offerings with market needs.
- Contribute to panel discussions and networking opportunities in life insurance to pursue innovative solutions.
People
- Foster a positive and inclusive team environment that promotes professional growth.
- Demonstrate leadership qualities, driving team performance towards achieving strategic goals.
- Encourage knowledge sharing and collaborative problem-solving within the actuarial team.
- Identify and support staff development initiatives to enhance team capabilities.
Finance
- Ensure rigorous financial risk assessments are executed for life insurance products.
- Implement financial policies and provide feedback on compliance to mitigate potential risks.
- Monitor financial activities to ensure accountability and transparency in operations.
Competencies required
- Advanced proficiency in actuarial software and MS Office suite.
- Strong quantitative and analytical skills with a focus on life insurance metrics.
- Comprehensive understanding of regulatory frameworks including IFRS 17 and relevant insurance legislations.
- Experience in pricing models and reserving techniques for life insurance products.
Experience and Qualifications
- Fellow Actuary with specialization in Life Insurance.
- Minimum of 3-5 years actuarial experience in the life insurance domain.
- Nearly or Newly qualified Actuary
Benefits:
- Training & Development
- Performance Bonus
- Health Insurance
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