Actuarial Assistant

Recruiter:

Rad Resources

Job Ref:

PTA000285/AF

Date posted:

Monday, January 20, 2025

Location:

Sandton, South Africa

Salary:

Monthly

SUMMARY:
Our client in the Insurance Industry has a vacancy available for a Actuarial Assistant to join their organisation based in Sandton, Jhb. Salary: market related. We are looking for a candidate with experience in the short term side , ideally someone who has completed the technical exams.

POSITION INFO:
Role Overview

Financial Planning - Involvement in the entire IFRS 17 financial planning process and integration with the capital model;
Capital and ORSA - Assisting with the entire process surrounding local regulatory capital (SAM) and ORSA calculations;
Reserving - Assisting the Compass Insure reserving team during key valuations, ultimately involving the determination of key reserve components across SAM and IFRS17 bases;
Reinsurance optimisation - For the businesses comprehensive reinsurance structures, assisting with fulfilling key reinsurance modelling considerations ahead of renewals;
Stakeholder engagement - reporting for and engaging with various internal and external stakeholders across the areas of responsibility;
A strong drive for process enhancement and improved efficiency, we look forward to your invaluable input

Requirements:

Degree in Actuarial Science;
A minimum completion of ASSA A1 & A2 Technical exams / IFoA equivalent
Minimum 1 year of non-life insurance experience;
Working knowledge of technical requirements in short term insurance or reinsurance surrounding reserving methodologies and SAM valuation principles;
Proven track record of the application of actuarial principles and methods;
Knowledge of the South African Regulatory environment for non-life insurers

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