Job Opportunities at Ernst & Young Global Limited (EY)

Your key responsibilities

• Managing IFRS 17 and Solvency Assessment and Management actuarial audits for life or non-life insurers
• Supporting the Head of Actuarial Function and managing HAF engagements for life or non-life insurers and reinsurers
• Managing/supporting on engagements covering Transformation, Climate Change, ERM frameworks, ORSA, Risk Appetite or other topics
• Managing/supporting on value-adding projects covering IFRS17 implementation and other topics related to trends in the actuarial field
• Further developing our team by coaching and mentoring junior colleagues
• Continually learning and sharing your knowledge with the wider actuarial team
• Most of your work will be project based for a once-off set period time or on a recurring basis, which enables you to work with different team members and subject matter experts, gaining invaluable experience and technical knowledge.

Skills and attributes for success

• 3.5+ years’ experience in the Life or Non-Life Insurance industry
• FASSA, preferably with specialisation in life or non-life
• Managerial experience would be advantageous
• Strong self-management and structured in the way they work
• Team player and proactive, self-starter
• Experience in financial reporting (SAM/Solvency II and IFRS) preferential
• Consulting experience would be advantageous
• Critical thinker and solution-orientated approach
• Curious mindset and keenness to learn

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Your key responsibilities

• The scope of the work that you can expect to be involved in will include supporting our clients across a range of risk and prudential-related topics.
• Manage Regulatory audits of the BA Returns for our banking clients from an end-to-end basis on smaller banks and be part of a wider team supporting on large multi-national banking groups.
• Oversee and be part of other projects, mainly non-audit services, focusing on various prudential and risk management aspects, such as ICAAP reviews, Pillar 3 disclosure reviews, Governance and reviews of the Basel regulatory reforms.
• You'll actively establish internal and external relationships and identify and escalate potential business opportunities for Ernst & Young within existing engagements.

Skills and attributes for success

• Knowledge of banking and the prudential regulatory environment.
• Knowledge of, and experience in, the banking system, financial and banking products, regulations, and risk management.
• Familiar with the Basel III framework at both a theoretical and practical level; and abreast of best practice in regulatory reporting
• An understanding of developments regarding the Basel framework reforms would also be beneficial
• Knowledge of current auditing techniques, specifically in respect of auditing regulatory returns will also be beneficial
• Detailed understanding of risk-based auditing and risk and control strategies

To qualify for the role, you must have:

• Minimum CA(SA), or other Risk related qualification
• Familiarity with SARB prudential requirements, such as Banks Act and Regulations (Basel framework)
• Experience in the Financial Services sector from either an auditing, consulting perspective or within a commercial bank
• Minimum 3 to 5 years’ experience in the Banking sector environment of which at least 2 years’ experience of Prudential regulatory environment within Financial Services.
• Understanding of Quality & Risk Management procedures within an audit firm
• Proficiency with MS Office

Ideally, you’ll also have

• Ability to understand and adapt to changing regulatory and legislative requirements

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Your key responsibilities 

• Supporting on/managing actuarial audits on IFRS17 and Solvency Assessment and Management for life or non-life insurers
  Supporting the Head of Actuarial Function and potentially managing HAF engagements for life or non-life insurers and reinsurers
• Support on ORSA reporting, scenario development, projections and reviews 
• nvolvement in our in-house actuarial tool development: IFRS17 and SAM reporting 
• Develop our team by coaching and mentoring junior colleagues 
• Most of your work will be project based for a once-off set period time or on a recurring basis, which enables you to work with different team members and subject matter experts, gaining invaluable experience and technical knowledge. 

Skills and attributes for success 

• 2+ years’ experience, preferably in the Life or Non-Life Insurance industry 
• Good progress with Actuarial exams and a commitment to continue 
• Team player and proactive, self-starter 
• Curious mindset and keenness to learn 
• Critical thinker and solution-orientated approach 

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Your client responsibilities

• Work effectively as a team member, sharing responsibility, providing support, maintaining communication and updating senior team members on progress.
• Assign and manage tasks with other team members considering engagement needs and identified business outcomes, and organize own work such that important items get done first.
• Build strong internal relationships within EY and with other services across the organization.
• Research client industry, company structure, key customers and suppliers and possible insight into operations and the various processes
• Develop and maintain productive working relationships with client personnel.
• Collaborate with the client to identify critical project outcomes, work products, barriers to success, and changes in expectations or scope.
• Manage own time in line with budgets
• Prepare or review business process descriptions through interviews with the client’s middle and senior management and documenting understanding of business process and confirm the business process descriptions by performing a walkthrough of the process.
• Identifying possible business risks and control weaknesses from the business processes under review.
• Drafting detailed audit programmes to test controls in place.
• Identify basic data analytic procedures
• Assessment of design and implementation of key controls as well as the operating effectiveness, accuracy and validity thereof.
• Compilation of working papers substantiating scope and results of testing.
• Provide a coaching / mentoring role.
• Review sections prepared by junior staff
• Draft individual sections of documents and presentations to explain issues and solution options and implications.
• Display a logical thought process in understanding client challenges and exploring possible solutions.   
• Identify and escalate potential risks and issues to project manager along with suggested preventive or mitigating actions.
• Draft audit findings for review by EY Senior Management.
• Assist with presenting findings to client
• Assist with drafting proposals

Your people responsibilities

• Act as a visible role model for our people.
• Coach and mentor junior team members.
• Give honest supportive feedback to colleagues.
• Take personal responsibility for own performance and career development.
• Play an active role in EY and Service line team activities.
• Understand and follow workplace policies and procedures.

Technical skills requirements

• Must have Honours in Internal Audit, Accounting, Business, Finance or other related field
• Must have CIA or equivalent
• Minimum of 7 years of related work experience
• 2-3 years Internal audit experience in Mining and Metals
• Related audit or applicable business experience specifically within a financial services environment
• Proficient in Microsoft office (including Excel, Word, Outlook and PowerPoint).