Senior Actuarial Specialist needed at Acumen Group

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Job title : Senior Actuarial Specialist

Job Location : KwaZulu-Natal, Durban

Deadline : January 03, 2025

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About the job
Senior Actuarial Specialist

  • Are you a skilled and motivated actuarial professional looking to make an impact in the property finance industry? My client is seeking a Senior Actuarial Specialist to join their dynamic team. This role offers a unique opportunity to work across both Life and Non-Life Insurance Businesses and contribute to key strategic initiatives.

Key Responsibilities

  • Perform and review monthly technical provisions (TP) calculations for Life and Non-Life businesses under IFRS17.
  • Lead quarterly SAM valuations, returns, and annual valuation processes, including QRTs and QRRs.
  • Conduct experience investigations, annual ORSA processes, and risk appetite statement validations.
  • Negotiate Non-Life catastrophe reinsurance treaty renewals.
  • Analyze claims and complaints, propose system improvements, and assess climate and liquidity risks.
  • Ensure compliance with regulatory requirements, including the GOI standards.
  • Prepare budgets, share price valuations, and dashboard reports.
  • Collaborate with outsourced HAFs to implement system/process enhancements.
  • Participate in ad hoc projects and provide input into group-level reports and returns.

Qualifications and Experience

  • Substantial progress with actuarial exams (at least A100 & A200; A311 preferred).
  • 3-4 years of actuarial experience in Life and/or Non-Life insurance.
  • Proficiency in two or more areas: SAM, IFRS17, ORSA, valuations, AOS/EV calculations, or Prophet coding.

Skills and Competencies

  • Strong technical actuarial skills with an understanding of relevant software and systems.
  • Ability to see the big picture while maintaining attention to detail.
  • Excellent written and verbal communication skills.
  • A proactive and self-motivated approach with a drive to improve processes.
  • Strong planning, prioritization, and accountability abilities.
     

How to Apply for this Offer

Interested and Qualified candidates should Click here to Apply Now

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