Company AVBOB Reference # 437AS01 Published 19/07/2021 Contract Type Permanent Salary Market Related Location Pretoria, Gauteng, South Africa Introduction AVBOB MUTUAL ASSURANCE SOCIETY PROVIDING A ONE-STOP FUNERAL INSURANCE POLICIES HAS A VACANCY FOR:Actuarial Specialist (IFRS 17) Job Functions Finance,Risk Management Industries Insurance Specification Supporting the Actuarial Manager with the delivery of a comprehensive IFRS 17 modellingsolution to the businessKEY RESPONSIBILITIES? Performing research of the IFRS 17 standard and related publications? Performing modelling gap analyses? Designing appropriate Premium Allocation Approach & General Measurement Modelvaluation methodologies suitable to a mutual insurer? Model development, improvement and change control management? Determining, recording, and updating key actuarial assumptions? Performing financial impact assessments? Work closely with the Actuarial Manager to ensure an effective and efficient IFRS 17implementation? Identify areas of improvement and alignment between SAM and IFRS 17 reportingprocesses? Assessment and drafting of IFRS 17 accounting position papers and implementationguidelines? Design, set up and document of the IFRS 17 modelling processes to meet reporting needs,with a focus on governance and controls? Applying an innovative mind-set to aspects such as automation, validation, efficiency, andcontrols in the design of cash flow engines and with assumption setting processes? Assessing, rating, and implementing various vendor or building bespoke modellingsolutions in partnership with ICT and Finance? Liaise with ICT, Finance, actuarial consultants and auditors to prepare for IFRS 17transition.? Work with the actuarial team to enhance and improve actuarial modelling and reportingprocesses under business as usual conditions? Support the Actuarial Manager to develop and refine analytical capabilities required formanaging the business under IFRS 172? Development of models and processes which will feed into the IFRS 17 resultsconsolidation.? Supporting the Actuarial Manager in assessing the impact of IFRS 17 on product designand capital management? Working with and providing guidance to junior team members also involved with the IFRS17 project Requirements QUALIFICATION REQUIREMENTS FOR THIS POSITION:? Appropriate tertiary qualification in Actuarial Science? Qualified or nearly qualified Fellow of the Actuarial Society of South Africa (FASSA) orsimilarEXPERIENCE AND KNOWLEDGE REQUIRED FOR THE POSITION? A minimum of 8 years life insurance valuations experience? Extensive experience with Prophet, DCS or other actuarial modelling software? Previous IFRS 17 experience is preferred but not essential? Advanced Excel, VBA and SQL experience will be an advantageCOMPETENCIES REQUIRED FOR THE POSITION? Self-starter with the ability to work independently? Goal-orientated with an ability to perform work efficiently? Deadline-driven and the ability to work under pressure? Strong analytical and problem solving skills? Ability to co-opt more junior team members into the IFRS 17 project and providingnecessary guidance? Relationships management Job Closing Date 26/07/2021 Share on
