Job Description
Responsibilities
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Support the calculation and validation of reserves in alignment with IFRS17 and SAM reporting requirements on both quarterly and annual bases.
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Provide actuarial input into group financial reporting and forecasting exercises, ensuring accurate and timely delivery of key reserving metrics.
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Contribute to the financial planning process by supplying reserving-based projections and assumptions for internal and regulatory purposes.
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Collaborate with internal and external stakeholders, including finance, auditors, and regulatory bodies, to address reserving queries and support audit processes.
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Assist in preparing and analysing reserve reports, and contribute towards the development and submission of regulatory returns (e.g., SAM QRTs and FSCA Conduct of Business Returns).
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Take an active role in maintaining and improving data quality management processes, particularly as they relate to actuarial inputs and outputs.
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Participate in ongoing development and enhancement of actuarial models, tools, and reporting capabilities.
Requirements
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A degree in Actuarial Science or equivalent.
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Successful completion of at least the A1 and A2 Technical exams from ASSA, or an equivalent stage with the IFoA.
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Minimum of 23 years of relevant experience in the non-life insurance industry, ideally in a reserving or technical reporting role.
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Strong understanding of reserving techniques, actuarial modelling, and valuation principles applicable to short-term insurance.
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Familiarity with South African regulatory standards (e.g., SAM) and the IFRS17 framework.
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Demonstrated analytical ability, attention to detail, and a proactive approach to problem-solving.
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Experience communicating complex actuarial concepts to both technical and non-technical stakeholders.
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Advanced proficiency in MS Excel, with working knowledge of SQL and Power BI. Exposure to ResQ or similar reserving software will be an advantage.
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High level of accountability and commitment to producing high-quality work within deadlines
Please Note, if you don’t match the Requirements or Industry, you won’t be considered for this role.
Benefits
- Competitive salary.
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Contact Hire Resolve for your next career-changing move today
- Apply for this role today, contact Lidene Pienaar at Hire Resolve or on LinkedIn
- Send me your CV !
- You can also visit the Hire Resolve website: hireresolve.us or email us your CV: *****@*****.co.za
- Please use “Actuarial Assistant“ as your subject line when applying via email
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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