THE FEDERATED EMPLOYERS MUTUAL ASSURANCE COMPANY (RF) PROPRIETARY LIMITED was established as a mutual insurer in 1936 and on the introduction of the Workmen's Compensation Act 1941 was granted a licence to continue to transact workmen's compensation insurance for the building industry.
Its business operations are essentially confined to the insurance of e...
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Lead the development and implementation of actuarial strategies to support company goals, including valuation bases, solvency, and financial reporting.
Oversee the preparation and analysis of actuarial reports, ensuring accuracy and compliance with industry standards and best practices.
Develop and refine pricing models for insurance products.
Conduct assessments of the actuarial control environment and provide recommendations to mitigate risks, including model risk and third-party risk.
Monitor and analyze trends in the insurance market to inform business decisions.
Provide actuarial insights to support product development and business planning.
Communicate complex actuarial concepts to non-actuarial stakeholders.
Work closely with external consultants and integrate the function into the company.
Minimum Requirements:
Bachelor’s degree in actuarial science, Mathematics, Statistics, or a related field.
Fellow of a recognized actuarial institute (FASSA or equivalent).
Minimum of 10 years in actuarial roles, with at least 5 years in a leadership position post-qualification.
Strong understanding of insurance products, pricing, and risk management, coupled with financial reporting experience within an insurance company (IFRS, SAM, and EV).
Proficiency in actuarial software and tools is essential; knowledge of Python, SQL, and VBA is a distinct advantage.
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