Actuarial Analyst
Network Recruitment Johannesburg
The role is ideally suited to a student Actuary looking to deepen their technical actuarial expertise within life insurance. The successful candidate will be exposed to complex actuarial modelling, reporting processes, and strategic actuarial initiatives within a fast-paced and collaborative environment.
Key Responsibilities:
- Assist with the preparation and analysis of IFRS 17 valuation results
- Support calculations relating to Contractual Service Margin (CSM), Best Estimate Liabilities (BEL), and risk adjustment
- Contribute to monthly, quarterly, and annual IFRS 17 reporting processes
- Perform reconciliations between IFRS 4 and IFRS 17 results
- Support SAM regulatory capital calculations and reporting
- Assist with Own Risk and Solvency Assessment (ORSA) processes
- Contribute to stress testing and scenario analysis
- Assist with statutory and management valuations of life insurance liabilities
- Analyse experience variances, including mortality, lapse, and expense investigations
- Support assumption setting and basis reviews
- Provide actuarial input into financial reporting, planning, and forecasting
- Support embedded value (EV) and economic capital calculations
- Assist with actuarial modelling enhancements, validation, and documentation
- Automate and improve actuarial processes where possible
Job Experience and Skills Required:
- Education:
- Degree in Actuarial Science, Mathematics, Statistics, or a related quantitative field
- Minimum 6 actuarial exams completed
- Experience Required:
- Exposure to life insurance actuarial functions advantageous
- Understanding of life insurance actuarial principles
- Exposure to IFRS 17 and/or SAM frameworks beneficial
- Experience working with actuarial models and data analysis advantageous
- Knowledge of valuations, reserving, or capital management processes advantageous
- Exposure to financial reporting within insurance environments beneficial
- Skills Required:
- Strong analytical and problem-solving abilities
- Excellent numerical and technical skills
- Strong attention to detail and accuracy
- Good communication skills, both written and verbal
- Ability to work in a collaborative and team-oriented environment
- Proficiency in Excel
- Programming experience in VBA, R, Python, or SQL advantageous
- Ability to work under pressure and manage deadlines effectively
- Proactive attitude with a strong willingness to learn
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