27.05.2024
Actuarial Assistant Manager
RPO Recruitment - Executive Search&RPO Recruiting Agency.
South Africa, Sandton
RPO Recruitment is currently seeking a dynamic and experienced Actuarial Assistant Manager to join a prestigious Life Insurance institution based in Sandton. As an Actuarial Assistant Manager, you will play a critical role in providing actuarial support and expertise to the organization, assisting in the development and implementation of actuarial models, and collaborating with cross-functional teams to drive business strategies and decision-making. Responsibilities: EV Reporting: Drive the calculation and reporting of Embedded Value (EV) metrics to assess the financial performance and value of thier insurance products. Conduct analysis of EV to evaluate the long-term profitability patterns of existing business portfolios. New Business Profitability Analysis: Evaluate the profitability of new business initiatives by conducting in-depth analysis of pricing, persistency, and risk management strategies. Provide insights to optimize product offerings and enhance profitability. Experience Investigations: Analyse policyholder experience data to assess mortality, lapse, and other key assumptions. Identify trends and patterns to inform future pricing and reserving decisions. Assumption Setting: Participate in the development and review of actuarial assumptions used in financial reporting processes. Ensure assumptions are reasonable, consistent, and in compliance with regulatory requirements. Modelling and Coding: Develop and maintain actuarial models to analyse and forecast financial results for various life insurance products. Utilize programming skills to enhance efficiency and accuracy in modelling processes. IFRS17 Reporting: Assist in the implementation and ongoing compliance with IFRS17 requirements. Data: Perform regular data reconciliation exercises to ensure consistency and accuracy of data used in actuarial models and financial reporting. Identify and resolve discrepancies or inconsistencies in data sources to maintain data integrity. Sales Channel Support: Provide actuarial support to sales channels by analysing product performance and profitability. Collaborate with sales teams to develop solutions and address inquiries related to product features and pricing. Automation projects: Support automation initiatives within the actuarial team to streamline processes, improve efficiency and reduce manual intervention. Identify opportunities for automation in data processing, modelling and reporting Requirements Bachelor's degree in Actuarial or Business Science Minimum of 6 Actuarial exams 3-5 years of relevant Life insurance industry experience. Proficient in Microsoft Excel and additional Microsoft products Strong analytical and problem-solving skills with proficiency in actuarial modelling techniques Strong communication and interpersonal skills with the ability to effectively collaborate with cross-functional teams Experience with using actuarial modelling software such as Prophet, Basys or Moses, as well as experience with Qlikview, SQL, R or Python programming will count in the candidate's favour Benefits Our client is offering a highly competitive salary for this role based on experience RPO is a Specialist Recruitment Agency that provides candidates and clients with unique recruitment solutions tailored to their needs. We focus on helping you reach your personal and professional goals by connecting you to your perfect career path. Apply for this role today, contact Keegan Wolhuter at RPO Recruitment or on LinkedIn You can also visit the RPO Recruitment website: rporecruitment.us or email us your CV: keegan.wolhuter@rporecruitment.us We will contact you telephonically in 3 days should you be suitable for this vacancy. If you are not suitable, we will put your CV on file and contact you regarding any future vacancies that arise. #J-18808-Ljbffr
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