+27 (0) 82 823 9978 [email protected]

Finance Actuary: Life Assurance – SA1470

Our client is a South African financial institution known for its innovative and accessible banking solutions. They are looking for a Finance Actuary to join their Life Assurance team. 

Candidates who are interested should be a Nearly or Newly Qualified Actuary with at least 3 years’ experience in the life assurance industry, including valuation, reporting and or capital management. You should have experience in IFRS17 as well as Prophet or other actuarial modelling software. 

Responsibilities will include: 

  • Participating in the periodic IFRS 17 insurance contract liability and profit calculations for Balance Sheet and Income Statement reporting. 
  • Participating in the forecasted IFRS 17 profit calculations for the annual budget and monthly re-forecasting. 
  • Participating in the analysis of surplus for IFRS17 metric. 
  • Providing requirements specifications for the development and maintenance of actuarial models used for valuations, reserving and solvency reporting. 
  • Reviewing input data used in actuarial modelling. 
  • Reviewing output of actuarial model testing (code compares, unit testing, regression testing, documentation) to ensure quality and to improve deficiencies. 
  • Assisting in the scenario analyses performed as part of the profitability testing in pricing and product development. 
  • Assisting in the development of measures such as Value of New Business (VNB) under IFRS 17, return on equity, cost of capital, etc.  
  • Building trusting relationships with internal and external stakeholders to achieve Insurance objectives. 
  • Educating stakeholders so that they understand their responsibilities and contribution towards the Assurance framework. 

For more information, please contact Henda ([email protected] or +27 (0)83 603 2961). 

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