Analyst, Actuarial - Reinsurance

Company Description

Standard Bank Group is a leading Africa-focused financial services group, and an innovative player on the global stage, that offers a variety of career-enhancing opportunities – plus the chance to work alongside some of the sector’s most talented, motivated professionals. Our clients range from individuals, to businesses of all sizes, high net worth families and large multinational corporates and institutions. We’re passionate about creating growth in Africa. Bringing true, meaningful value to our clients and the communities we serve and creating a real sense of purpose for you.

Job Description

To assist in the implementation of IFRS 17 within SIL reinsurance. In particular, to assist with the data preparation and monthly reporting for IFRS 17 purposes.To assist the Manager, to ensure that SIL always has effective reinsurance in place in line with approved Risk Appetite.

Qualifications

Minimum Qualifications
3-year BSc or BCom with actuarial majors
Honours is an advantage
Member of Actuarial Society of South Africa /Member of the Institute and Faculty of Actuaries. 
At least 6 exemptions / actuarial exam passes 

Experience Required
3-5 years’ actuarial experience.
Reinsurance and reserving experience is preferred.
IFRS 17 experience preferred.
Experience with data is preferred.
Experience in the short-term insurance is preferred.

Knowledge

Knowledge of statistics.
Understanding of insurance business principles. 
Understanding of balance sheet structures and capital implications.
Knowledge of actuarial processes and control cycle (reserving, capital modelling).
Knowledge of the insurance industry and insurance products.
Knowledge of IFRS 17 and/or IFRS 4.
Knowledge of the product development process.
Understanding of how the FSCA operates.
Understanding of the economic environment.
Knowledge of South African insurance regulation.

Additional Information

Behavioral Competencies:

• Able to multi-task.
• Attention to detail.
• Communication skills - written, verbal and presentation skills.
• Disciplined and have high level of integrity, professionalism and trustworthiness.
• Self-motivated
• Pro-active
• Team player
• Planning
• Problem Solving 
• Decision making 

Technical Competencies:

• Computer literacy (Microsoft Office) 
• Specialist actuarial software package skills
• SAS statistical package (preferred), ResQ (preferred), SQL (preferred).
• Actuarial processes and control cycle skills
• Reserving
• Reinsurance modelling
• Analytical skills