Reporting Actuarial Specialist (SAM / Life Assurance / Reporting / IFRS) – Cape Town, South Africa

Location: Cape Town, Western Cape, South Africa
Date Posted: 13-06-2018
Reference Number: RSB
Job Description:
An Industry – leading Financial Services & Insurance company is seeking a Reporting Actuarial Specialist to be based in Cape Town. This individual will be a part of a small a team tasked with consolidating and explaining the SAM (Solvency & Assessment management) technical provisions and IFRS life profits for the group in all aspects of reporting: monthly
management reports, forecasting, business planning, half-yearly external reports and quarterly reports to the regulators.
  • 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 in Group funds.
  • Consolidating technical provisions on a quarterly basis and explaining results to the Office of the Chief Actuary.
  • Oversee the consolidation of Life business unit 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.
  • Assist with ad hoc regulatory requests and project work relating to IFRS17 and SAM reporting.
Requirements: Qualification and Skill
  • Qualified actuary or actuarial student with 14 exam credits.
  • At least 6 years’ work experience, although exceptional candidates with more years of experience may be considered.
  • Valuation experience, strong business acumen and a good understanding of the different business units will be a distinct advantage.
  • Strictly South African Citizens only
Please apply directly, by clicking on the ‘apply button’ and visit for the latest CA Global jobs.
Robin Botha
Recruitment Consultant
CA Global Finance
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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