Actuarial Specialist Valuations - Johannesburg
Hollard Recruitment
Job Advert Summary To support the various deliverables of Hollard Life valuations team related to providing published valuation results, including but not limited to providing monthly/quarterly published valuation results while monitoring the actual experience versus the expected experience of the supported business units. To mentor / guide and review work of other members of valuation team involved in: Producing of the valuation results – which involves the performing the following: data preparation, running software, production of results, interpretation of results, and production of reports based on findings. If required, to produce the valuation results when other members are on leave or involved in a demanding project item. Develop and co-ordinate the implementation of standardised valuation and reporting processes to enable demonstration of good governance practices in the production of valuations results. Required Knowledge and Experience Minimum of 5 years valuations experience in the life insurance industry Strong technical knowledge including a good Understanding of the different life insurance valuation methodologies (e.g. published, statutory, etc.) and reporting requirements applicable to life insurance companies Understanding of life insurance financial reporting, systems and requirements Strong analytical skills Sound verbal and written communication ALGO Financial modelling (or similar e.g Prophet) will be an advantage Advanced Excel (including VBA) SQL Experience Microsoft Access experience Good leadership skills Ability to take ownership of their tasks Ability to work independently and accurately Ability to understand the urgency or importance of various tasks, with the ability to prioritise these Ability to work well within a team environment and guide junior members of the team Perform policyholder liability calculations on published or IFRS liabilities on both a discounted and non-discounted cash flow methods Calculation and analysis of the value of in-force business Calculation and analysis of value of new business calculations Assist in the production of valuation reports Assist in producing annual Budget and Forecast projections Provide insights to the business units based on the valuation results and ongoing monitoring of experience Consolidate valuation results provided by the team Automation and streamlining of reporting processes Compiling of movement reconciliations Performing lapse, mortality and expense investigations Review of the above tasks performed by other team members. Analysis of Surplus / Profit Manage adhoc tasks and duties to enable and improve own deliverables and tasks as well as to manage stakeholder expectations Develop and co-ordinate implementation of standardised valuation and reporting processes. Ensure that all actuarial processes are performed as efficiently as possible and arecompliant with the current risk control and actuarial governance procedures. Educational Requirements Actuarial tertiary qualification Completion of A100 and A200 exams with the aim to complete all exams within a defined period.
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