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SII/SAM Life Actuary

Date Posted
6th June 2014
Job Type
Johannesburg, South Africa
Salary dependant on level of experience

Job Description Apply: SII/SAM Life Actuary

This high achieving team seeks to appoint an Actuary who is technically strong to specialise in a research and solutions development role for their Pillar II requirements under SAM.  This career defining opportunity will see you extending yourself outside of a traditional life insurance role from time to time and requires a proactive approach and the ability to consider issues from multiple angles and to challenge entrenched industry solutions.  All of your work involves collaboration with colleagues across the organisation, often at very senior levels.

The main areas of work involve:

  • Design and implementation of the internal economic capital model
  • Develop solutions to embed economic capital and risk appetite within the business processes
  • Assist in incorporation of risk adjusted return concepts in performance measurement and product design and pricing
  • Development of ORSA modelling and processes
  • Development of the stress and scenario testing framework
  • Advising the business on the capital and risk impact of new products and balance sheet strategies
  • Lead a growing team of actuaries and actuarial students once settled in

It is important to stress that the role combines in equal measure:

Communication, collaboration, teamwork and brainstorming;
Theoretical research, proposals and document writing;
Practical, hands on model-building in Prophet and Excel - with the potential to include other software tools in the future if the business case is compelling;
Presenting results and proposals to senior management and the board.

This company actively encourages innovative thinking and rewards commercial application across the spectrum of its businesses.  There will be opportunities across life insurance and short term insurance businesses across the group and you will have the opportunity to work with some of the most talented people in their respective fields; Work in a small, dynamic team and dynamic working environment; Existing businesses are growth orientated; the  Group is constantly expanding with life insurance activities potentially developing in multiple territories; and this is a challenging and constantly changing environment

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