Senior Actuarial Specialist IFRS 17 at AVBOB - Gauteng, Pretoria - Pretoria
Avbob
You will be responsible for actuarial modelling in line with IFRS 17 requirements. Take ownership of the actuarial modelling work stream within the IFRS 17 Working Committee Performing modelling gap analyses. Designing appropriate Premium Allocation Approach & General Measurement Model valuation methodologies suitable to a mutual insurer. Model development, improvement and change control management. Determining, recording, and updating key actuarial assumptions. Performing financial impact assessments. Work closely with the other Working Committee members to ensure an effective and efficient IFRS 17 implementation. Look for areas of improvement and alignment between SAM and IFRS 17 reporting processes. Assessment and drafting of IFRS 17 accounting position papers and implementation guidelines. Design, set up and documentation of the IFRS 17 modelling processes to meet reporting needs, with a focus on governance and controls. Applying an innovative mind-set to aspects such as automation, validation, efficiency, and controls in the design of cash flow engines and with assumption setting processes. Assessing, rating, and implementing various vendor or building bespoke modelling solutions in partnership with ICT and Finance. Liaise with ICT, Finance, actuarial consultants and auditors to prepare for IFRS 17 transition. Work with the actuarial team to enhance and improve actuarial modelling and reporting processes under business as usual conditions. Work with senior management to develop and refine analytical capabilities required for managing the business under IFRS 17. Development of models and processes which will feed into the IFRS 17 results consolidation. Assessing the impact of IFRS 17 on product design and capital management Desired Skills: Decision Making Verbal & Written communication Reporting Critical thinking skills Problem-solving Planning & Organisisng Analytical skills
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