Corporate Actuarial Manager - Johannesburg at Bryte Insurance Company Limited

Key Tasks and Accountabilities

Business Accountabilities

General

• Provide actuarial services with minimal supervision.
• Coordinate work tasks.
• Provide guidance to members of the team.
• Perform more complex analyses.
• Demonstrate increasing knowledge of relevant actuarial disciplines and procedures to be able to provide first class service to internal customers.
• Actively pursue actuarial qualification and demonstrate consistent progress toward designation.

Reserving specific

• Under general direction, support reserving, reinsurance analysis, or market-facing business units in support of business objectives, and annual IFRS audit. 
• With appropriate review and guidance from Management coordinate, prepare, and perform actuarial analyses including and premium projections, consultation on actuarial models, and risk-based capital issues.
• Support finance, market-facing business units, claims, risk, capital management, and other functions on reserving, and strategic business decisions.

Capital specific.

• Under general direction, support capital modelling, data quality, regulatory returns, and audits.
• With appropriate review and guidance from Manager, coordinate, prepare and perform actuarial analyses including collection of information from various stakeholders across the business.
• Business Support specific
• Support actuarial services related to Risk Based Capital model development, parameterisation, and allocation activities.
• Perform data analytics and/or reinsurance analysis.

Relationships

Internal

• Actuarial business partners
• Underwriting
• Claims
• Finance (FAR and PPM)
• Senior management/executives

External

• Head Actuarial Function
• Auditors (external and internal)
• Underwriting management agency (UMA) partners
• Network of contacts within the actuarial profession

Qualification & Experience

• University degree in actuarial science, statistics, mathematics, or a related field.
• Good progress with exams, displaying strong technical knowledge.
• Three to seven years of experience in an actuarial environment.
• Self-motivation and drive.
• Professional, enthusiastic, and positive attitude.
• Able to meet deadlines and work under pressure.

Knowledge

• Strong knowledge of actuarial professional guidance and relevant legislation.
• Strong knowledge of finance and accounting practices, financial analysis, and reporting; ability to apply this knowledge appropriately to diverse situations.
• Strong knowledge of the insurance industry's trends, directions, major issues, regulatory considerations, and trendsetters.
• Strong knowledge, insight, and understanding of business concepts, tools, and processes that are needed for making sound decisions in the context of the company's business; ability to apply this knowledge appropriately to diverse situations.
• Strong knowledge of practices and policies governing disclosure of information about the organization, its business activities, and employees; ability to apply this knowledge appropriately to diverse situations.