Current Opportunities at PPS

Job Advert Summary    
Purpose of the Job:

• As part of the Actuarial Services Capital team, support the Senior Manager: Actuarial Services Capital & Balance Sheet Management to delegate its duties with regard to capital management, investment management, adequacy of re-insurance programs, solvency reporting and statutory reporting.  This position will interact with other teams within the Actuarial Services department, as well as with other departments within the PPS Group.
• The role focuses on the Capital & Balance Sheet Management activities of PPS Insurance Company and PPS Insurance Namibia (i.e., the life insurance companies in the Group) but requires a knowledge of Life Insurance valuations.

Minimum Requirements    
Formal Qualifications:

• Matric (Grade 12)
• Completed University Degree majoring in Actuarial Science, honours is preferable
• Making good progress with actuarial exams, with preferably most of the A1 and A2 subjects completed

Experience and Knowledge:      

• Prophet knowledge and use critical
• Knowledge of Life Insurance valuations
• Preferably experience in Actuarial Capital management-related work, including ORSA, SAM and Economic Capital
• Attention to detail critical
• Knowledge of actuarial principles and retail insurance products
• Knowledge and background of the financial services industry
• Key interest in developing a career in valuations, balance sheet management and experience investigation
• Strong administration skills
• Must have a minimum of 3 years’ experience (4 is preferable)

Computer Literacy:    

• Prophet modelling and coding
• Knowledge of MS Office
• Computer literate, strong Excel skills required, SQL skills would be of benefit

Strategic Orientation:

• High standard of integrity, service excellence and a passion for the industry
• Ability to think strategically, execute quality proposals under multiple and competing deadlines, and work extra hours as needed (evenings and weekends)
• You must be a driven and ambitious experienced self-starter with excellent business acumen

Communication:

• Articulate and communicates in a logical way and structures information to meet the needs and understanding of intended audiences
• Expresses opinions, information, and key points of view clearly and assertively
• Confident in conceptualising, building, and presenting plans
• Anticipates and responds appropriately to the needs, reactions, and feedback of an audience
• Exceptional networker

Interpersonal and Intrapersonal Skills:

• Excellent verbal and written communication skills
• Teamwork - must be able to work well as a member of a team
• Can work under pressure
• Has a pleasant manner, even under pressure
• Good understanding of the organisation’s goals and objectives
• Good interpersonal, written, and oral communication skills
• Ability to present ideas in user-friendly language
• Self-motivated and directed, with keen attention to detail
• Able to prioritise and execute tasks in a high-pressure environment
• Experience working in a team-oriented, collaborative environment

Duties and Responsibilities    

• Development of actuarial models for existing and future business, and the implementation of these on the Prophet and other relevant system
• Conduct regular actuarial investigations, including asset liability matching investigations
• Regular development of solvency calculation models to ensure they are in line regulatory and business requirements
• Provide support with compilation of and regular reporting related to the ORSA
• Assist with completion of annual returns
• Provide actuarial support to various other areas, and the broader business
• Alignment of PPS Actuarial functions with published ASSA guidance notes, and other regulatory requirements

Closing Date    
2023/05/12