Cell Captive Actuarial Specialist at Old Mutual South Africa

KRA's

• Performing technical actuarial work, using data, processes and complex systems with minimal guidance. This includes the following:
• Performing Financial Soundness Valuations, IFRS profit analysis of surplus, providing insights into results and drafting valuation reports.
• SAM Regulatory solvency calculations
• Performing calculations for dividend declarations, board reports, product sign-offs and ad-hoc requests.
• Producing regular and ad-hoc experience/financial reports.
• IFRS17 readiness and implementation
• Supporting the Head of Actuarial with risk management for OMART, including defining risk policies and risk appetite and tracking and managing financial and non-financial risks
• Responsible for the technical accuracy and implementation of work, including managing an actuarial student
• Liaising with stakeholders within OMART, including the OMART MD and board
• Liaising with stakeholders within the Old Mutual group, such as OMART’s Head of Actuarial function, legal and compliance advisers, marketing consultants and data administrators
• Liaising with external stakeholders such as cell captive clients, reinsurers and the Prudential Authority
• Support the OMART team with new cell and product launches
• Translate market, client and financial data analysis results into client-friendly reports and presentations.

Job Requirements

• Newly qualified actuary.
• In case of an exam lag, significant relevant experience will also be considered.
• A minimum of 3 years’ actuarial experience
• IFRS or Regulatory Solvency valuations experience
• Strong technical skills and attention to detail
• Good interpersonal skills and the ability to work in a team and across teams
• Good communication skills, both written and verbal
• Ability to plan and prioritise, make decisions and deliver on time
• Ability to work on multiple deliverables and manage expectations
• Motivated self-starter who takes accountability, shows initiative and innovates
• Enthusiasm to learn and grow
• Proficiency in Microsoft Office (Word, Excel, Powerpoint, Access)

The Following Will Be An Added Advantage

• Prophet and/or DCS skills
• Programming skills (Visual Basic)
• Management experience