Actuarial Specialist

Actuarial Specialist

Job Title: Actuarial Specialist
Contract Type: Permanent
Location: Western Cape
Reference: JN -052020-20784
Contact Name: Shelly Marias
Contact Email:
Job Published: May 07, 2020 07:18

Job Description

Duties and responsibilities: 

  • Production of the quarterly Regulatory capital reporting, including an analysis of change 
  • Calculation of Investment Guarantee Reserves 
  • Calculation of management actions for Smooth Bonus and Dynamically Hedged products. 
  • Providing the reporting information required for the ORSA (Own Risk and Solvency Assessment) 
  • Involvement in the communication of the results to various stakeholders 
  • Assisting with capital calculations for purposes of pricing new products 
  • Stress testing and scenario analysis 
  • Assisting with the various statutory returns and other compliance-related tasks 
  • Interacting with a wide range of stakeholders such as asset managers, marketing managers, accountants, product development staff and policy administrators


Additional Info: 

  • Bachelor's Degree in Actuarial or Business Science essential. 
  • Good progress with the Actuarial exams –; completion of the Core Technical exams and good progress with the Core Application exams essential. 
  • A minimum of 5 years working experience, with at least 2 years Life Valuations experience with a specific focus on SAM capital calculations highly preferred. 
  • A good understanding of Corporate Products will be a distinct advantage. 
  • Experience with stochastic models as well as experience with the complexities of running bespoke technical models essential. 
  • Advanced Microsoft Excel capabilities required.

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