Actuarial Analyst at PPS

Job Advert Summary    

• Reporting to Head of Valuations, the role will be responsible for analysing risk evaluation data, coordinating, preparing, and performing actuarial analyses, which are required when pricing and developing new products, projecting future results, reserving and repricing existing products. The role will interact with other teams within the Actuarial Services department, as well as with other departments within the PPS Group, interact with the Head of Actuarial Function’s team and the Group’s external auditors.

Minimum Requirements    
Education:

• Matric 
• Completed University Degree majoring in Actuarial Science, honours is preferable
• Making good progress with actuarial exams, with at least 5 CTs

Experience:

• Must have 3 years’ experience
• Exposure to a valuation environment

Knowledge and Skills:

• Knowledge of actuarial principles and retail insurance products
• Knowledge and background of the financial services industry
• Key interest in developing a career in the valuation, balance sheet management and experience investigation
• Computer literate, strong Excel skills required, Access, SQL skills would be of benefit
• Prophet knowledge and use
• Strong administration skills
• Knowledge of MS Office

Competencies:

• Attention to detail
• Excellent verbal and written communication Analytically minded 
• Strong interpersonal and intrapersonal skills 
• Analysis
• Strategic oriented
• Quality orientation
• Self-starter 
• Motivated and motivational 
• Teamwork

Duties and Responsibilities    

• Development of actuarial models for existing and future business, and the implementation of these on the Prophet and other relevant system
• Conducting regular actuarial investigations, including sickness and mortality investigations and analysis of surplus
• Conducting the FSV and Embedded values calculations for financial reporting
• Regular development of solvency calculation models to ensure they’re in line regulatory and business requirements
• Providing support with compilation of and regular report related to the ORSA
• Assistance with completion of valuator, statutory, QRT and ASISA returns
• Assist with ensuring integrity of data for valuation work and experience investigations, and implementation of processes and systems to improve on the quality of data used
• Providing actuarial support to various other areas, and the broader business
• Analysing PPS data and experience to better support the broader business in its functions
• Producing monthly reports on the business experience
• Compilation of management reports and special investigations from time to time
• Alignment of PPS Actuarial functions with published ASSA Guidance notes, and other regulatory requirements

Closing Date    
2023/05/12