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Job Purpose: To prepare; perform; and analyse actuarial research and audits by collecting data from various databases and performing actuarial/financial calculations and design profitable products that meet actuarial requirements to ensure profitable growth for the company; and ensure that the company is sufficiently capitalised. Job Responsibilities:

• Complete statutory financial returns as per legislative standard.
• Prepare Manco and Board meeting reports.
• Support and submit documents to the Actuarial and Underwriting Review Committee.
• Provide financial information as required by the company.
• Provide Actuarial information for June and December financial statements.
• Perform experience investigations.
• Ensure the business holds sufficient reserves and capital for Embedded Guarantees in line with the financial requirements.
• Conduct AIDS modelling to ensure products are profitable and appropriate reserve and capital are held.
• Perform Economics Capital and MCEV calculations in line with statutory and group requirements.
• Ensure appropriate modelling for business planning and assisting in business analysis and quants analysis activities.
• Ensure products are regularly monitored and experience investigations are done.
• Ensure compliance with various actuarial legislative requirements in line with accounting standards.
• Mitigate risk of loss-making products.
• Mitigate risk of insolvency.
• Ensure that the company’s Life is represented on various industry bodies.
• Build relationship with the statutory actuary bodies.
• Manage the relationship with our re-insurers.
• Ensure transformational target are met.
• Contribute to a culture of transformation by participating in the company’s culture building initiatives, business strategy, and CSI.
• Stay abreast of developments in field of expertise, ensuring personal and professional growth.
• Understand and embrace the company’s vision and values, leading by example.
• Lead organisational change initiatives.
• Ensure issues raised in culture survey are addressed.
• Deliver a world class service by ensuring a client centric culture.
• Identify areas of resource inefficiencies and promote optimisation through multi-skilling and addressing capacity gaps.
• Manage performance of direct reports and hold them accountable for managing the performance of their reports.
• Identify relevant development needs.
• Maintain a high performing team by identifying a talent pool through career conversations and using the talent grid principles and developing talent retention programmes.
• Build depth of skills and knowledge in the team of managers by sharing knowledge and insight.
• Ensure continuous improvement goals are achieved by creating an environment whereby self, managers and team are encouraged to challenge the status quo by initiating constructive debates about work practices.

Essential Qualifications - NQF Level:

• Professional Qualifications/Honour’s Degree
• Advanced Diplomas/National 1st Degrees

Preferred Qualification:

• Bachelor of Science: Honours - Actuarial Science, Advanced Diplomas/National 1st Degrees

Minimum Experience Level:

• At least 10 years actuarial experience in the life and short-term industry.
• This role will be focusing on both Life and Short-Term products. (Chief Actuary)

Technical / Professional Knowledge:

• Budgeting
• Capacity planning
• Change management
• Diversity management
• Financial Accounting Principles
• Organisational behaviour theory
• Principles of project management
• Relevant regulatory knowledge
• Strategic planning
• Management information and reporting principles, tools and mechanisms
• Quality management and lean methodologies
• Governance, risk and controls

Behavioural Competencies:

• Influencing
• Innovation
• Business Acumen
• Driving for Results
• Planning and Organizing
• Selecting Talent