Analyst, Actuarial - Reinsurance - Johannesburg at Standard Bank Group

JOB DESCRIPTION

• To assist in the implementation of IFRS 17 within SIL reinsurance. In particular, to assist with the data preparation and monthly reporting for IFRS 17 purposes.To assist the Manager, to ensure that SIL always has effective reinsurance in place in line with approved Risk Appetite.

QUALIFICATIONS

Minimum Qualifications

• 3-year BSc or BCom with actuarial majors
• Honours is an advantage
• Member of Actuarial Society of South Africa /Member of the Institute and Faculty of Actuaries. 
• At least 6 exemptions / actuarial exam passes 

Experience Required

• 3-5 years’ actuarial experience.
• Reinsurance and reserving experience is preferred.
• IFRS 17 experience preferred.
• Experience with data is preferred.
• Experience in the short-term insurance is preferred.

Knowledge

• Knowledge of statistics.
• Understanding of insurance business principles. 
• Understanding of balance sheet structures and capital implications.
• Knowledge of actuarial processes and control cycle (reserving, capital modelling).
• Knowledge of the insurance industry and insurance products.
• Knowledge of IFRS 17 and/or IFRS 4.
• Knowledge of the product development process.
• Understanding of how the FSCA operates.
• Understanding of the economic environment.
• Knowledge of South African insurance regulation.

ADDITIONAL INFORMATION

Behavioral Competencies:

• Able to multi-task.
• Attention to detail.
• Communication skills - written, verbal and presentation skills.
• Disciplined and have high level of integrity, professionalism and trustworthiness.
• Self-motivated
• Pro-active
• Team player
• Planning
• Problem Solving 
• Decision making 

Technical Competencies:

• Computer literacy (Microsoft Office) 
• Specialist actuarial software package skills
• SAS statistical package (preferred), ResQ (preferred), SQL (preferred).
• Actuarial processes and control cycle skills
• Reserving
• Reinsurance modelling
• Analytical skills