Market Consistent Embedded Value Actuary – (MCEV / IFRS 17 / Financial Services) – Cape Town, South Africa

Location: Cape Town, Western Cape, South Africa
Date Posted: 13-06-2018
Reference: RSB
Job Description:
An Industry – leading Financial Services & Insurance company is seeking a MCEV Actuary to be based in Cape Town. This individual will be a part of a part of a small team tasked with consolidating and explaining the embedded
value results for the Group in all aspects of reporting: monthly management reports,
forecasting, business planning and half-yearly external reports.
  • Financial and Monthly reporting
  • Oversee consolidation of Business unit results on an embedded value basis.
  • Comment on the drivers of sales for the Group Planning & Business Insights team.
  • Comment on the consolidated embedded value results for internal and external stakeholders.
  • Draft Board and Committee papers explaining the analysis of earnings on an embedded value basis.
  • Draft external disclosures explaining embedded value results.
  • Business Planning
  • Understand the drivers, risks and management actions implicit in the business plan, with a particular emphasis
  • on embedded value.
  • Comment on the consolidated sales and embedded value plans of the business units.
  • Thought leadership for actuarial reporting
  • Interact with experts in business units and own team to ensure accuracy of results.
  • Assist with the transformation of embedded value reporting.
  • Continuous improvement of existing methodology and processes.
  • Reinsurance
  • Coordinate the annual renewal process of the Groups catastrophe reinsurance.
  • Determine the appropriate level of cover for the life businesses.
  • Reporting of reinsurance arrangements to the regulator and risk committees.
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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