Head: Valuations IAH

Reporting to the Executive Actuary, Corporate Actuarial, the Head:
Valuations IAH will be responsible for overseeing a team of actuarial professionals that will be responsible for ensuring that all life and non-life actuarial valuations are prepared timeously and accurately. The incumbent will also be responsible for overseeing of the development and maintenance of the actuarial valuation system and data integrity. An integral part of the role will also be supporting business with insights and producing reports for the executive and various committees.

• Oversee both the actuarial teams working on the COID business as well as the Life Business and providing support to the AIT (IT) business.
• Oversee the preparation of and review monthly valuation data
• Oversee the application of ORSA methodology and SAM processes and procedures
• Maintain the integrity of actuarial and valuation data
• Timeously respond to actuarial queries from the regulators (FSB/SARB/SARS)
• Plan and Budget actuarial matters and maintain a timetable of submission (financial projections)
• Inform management of actuarial specific regulatory issues (solvency and capital requirements) for the Group
• Ensure that a summary of returns and any actuarial issues are maintained to report to management (EXCO/BOARD/AUDIT etc)
• Prepare and present actuarial matters to the Board and act as an advisor to the Board and its sub-committees
• Develop pricing models, ensure validity of assumptions and sufficiency of pricing (COID and Non-COID products)
• Set premium rates
• Develop and maintain Actuarial systems
• Monitor experience (reserving and pricing)
• Responsible for capital and solvency management and investment management through liability matching (ensure that assets are appropriate in terms of nature, amount and duration for liabilities that are held
• Responsible for the end-to-end management of the reinsurance process, including but not limited to negotiating treaties, facilitating transfers, setting and maintaining new strategies, mitigating risks and managing reinsurance renewals annually
• Prepare actuarial specific areas in all the Group regulatory returns
• Monthly, Quarterly, Annual
• ORSA and SAM reporting

• Manage, supervise and training of staff.
• This includes both the actuarial teams working on the COID business as well as the Life Business and providing support to the AIT (IT) business.
• Manage relationships within the company and stakeholders e.g. Statutory Actuary
• Lead and motivate a team to achieve targets
• Monthly reporting of the Key Performance indications for the actuarial reporting function
• Monthly report to FM on status of accounts and returns for EXCO submission
• Effective reporting and assessment of problem areas

• Ensure that all work is performed in terms of required standard and regulation
• Ensure that RMA’s position is translated into standards by assessing gaps in methodology, assumptions and overall products and align standards to RMA)
• Ensure that all company policies and procedures are adhered to
• Ensure timely submission of various periodical reports, highlights of the previous month’s reports

We offer great opportunities for personal and professional development in a stable company that’s 132 years strong. The role comes with a competitive salary package and various benefits. Flexible work arrangements (combination of remote and in the office). Furthermore, you will be a part of a dedicated group of colleagues who value teamwork and collaboration.

The shortlisting process will only start once the application due date has been reached. The time taken to complete this process will depend on…