Reporting Actuarial Specialist– (Financial Services / Life Insurance / Risk / Actuarial) – Cape Town, South Africa

Location: Cape Town, South Africa
Date Posted: 05-12-2017
Reference: THJ

Job Description:
Our client, a leading financial services institution is seeking a Reporting Actuarial Specialist to join their team.

Financial and monthly reporting
  • Review the actuarial content of the regulatory returns, including SAM QRT’s and current long-term insurance returns.
  • Perform an analysis of change 
  • Consolidating technical provisions on a quarterly basis and explaining results to the Office of the Chief Actuary.
  • Oversee the consolidation of the life business unit's actuarial results on an IFRS basis.
  • Draft the commentary on the drivers of consolidated life profits for the Group Planning & Business Insights team.
  • Draft Board and Committee papers explaining the analysis of life profits on an IFRS basis.
  • Coordinate and draft the Board and Committee papers explaining the impact of methodology and assumption changes on actuarial financial results.
Business Planning
  • Understand the drivers, risks and management actions implicit in the business plan, with a particular emphasis on IFRS life profits.
  • Draft the commentary on the consolidated IFRS life profit of the business units.
Thought leadership for actuarial reporting
  • Interact with experts in business units and own team to ensure accuracy of actuarial results.
  • Interpret and implement changes in SAM Prudential Standards and related guidance, pertaining to life technical provisions.
  • Assist with the transformation of embedded value reporting under SAM.
  • Represent the company on certain FSB SAM Task Groups.
  • Represent the company on certain ASSA Sub-Committees.
  • Support the development of the IAIS Insurance Capital Standard as it relates to actuarial liabilities.
  • Continuous improvement of existing processes.
  • Assist with ad hoc regulatory requests and Managed Separation project work relating to IFRS and SAM reporting.
Requirements: Qualification and Skill
  • Completed at least 11 actuarial exams and have 4 years’ actuarial experience, we look forward to receiving your application.
  • Valuations experience,
  • A strong business acumen
  • An individual who has strong analytical skills, excellent communication skills and the ability to interact effectively with people at all levels of the organisation are invited to apply for this role.
  • Highly motivated and energetic self-starter who is good at working with complex tasks under tight deadlines.

If you wish to apply for the position please send your CV to Darrin Grey:

Please apply directly, by clicking on the ‘apply button’ and visit for the latest CA Global jobs.
Darrin Grey
Executive Headhunter and Finance and Banking Recruitment Consultant
The CA Global Group
Should you not receive a response in two weeks, please consider your application unsuccessful. Your CV will be kept on our database for any other suitable positions.
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