Short-Term Head of Actuarial Function Support at Hollard Insurance

Job Advert Summary

• An exciting opportunity has become available to support the Head of the Actuarial Function for The Hollard Insurance Company and Hollard Specialist Insurance. The Actuarial Functions form part of the Group Risk Management Team and is situated in Johannesburg at the Parktown campus.
• As the HAF support you will be involved in all the HAF reviews and functions as outlined in GOI 3 – Risk Management and Internal Controls. The Actuarial Function is also involved in regulatory reporting, mergers and acquisitions, as well as license variation applications to the Prudential Authority.
• There are engagement opportunities with business unit actuarial and finance functions, as well as business unit Executives, the Hollard Group Executive and the Hollard Board and Committees.

Experience

Required Knowledge and Experience

• At least 3-5 years’ post qualification experience
• Calculation of the SCR for non-life licenses
• Calculation of technical provisions across all lines of business
• Experience in product pricing using GLMs and other methods
• Understanding of reinsurance structures and optimization of reinsurance programs
• Understanding of balance sheet optimization techniques

Skills

• Strong technical and analytical skills
• Strong verbal and written communication skills
• Stakeholder engagement, process improvement and problem-solving skills
• Proficient in Excel, SQL and ResQ
• Highly organised
• Ability to group and categorise

Knowledge

• Thorough understanding of IFRS17 and SAM requirements
• Short-term Insurance Acts
• General accounting principles

Key Responsibilities

• Involvement in HAF reviews and functions as outlined in GOI 3
• Regulatory reporting
• Supporting actuarial involvement in Mergers and Acquisitions
• Assist with license variation applications to the Prudential Authority
• Regular engagement with business units actuarial and finance functions, as well as business unit executives, the Hollard group executives and the Hollard board and committees

Educational Requirements

• Fellow of the Actuarial Society of South Africa with 3 to 5 year’s post qualification experience in Short Term Insurance.