Standard Bank Jobs – Actuarial Analyst

Job Description:

Job Responsibilities:

• Maintenance and adherence to capital model implementation plan to increase the business understanding of the company’s risk profile.
• Help maintain SAM pillar I compliance functions.
• Reviewing policies within SIL so that they are compliant with the Prudential Standards. Monitoring that the policies are implemented within SIL.
• Assists where required on Pillars II and III (risk management and financial reporting) e.g. quantifying of the risk appetite.
• Assist with ensuring that SIL is compliant with regards to the FSCA’s Solvency Assessment and Management (SAM), in particular the quantitative side of the implementation, namely the Solvency Capital Requirement, Reserving, Risk Exposure Projections, and development of the stochastic Business Model (Pillar I).
• Assist with adherence to the project plan on the quantitative elements, reserving for statutory purposes, capital requirement calculation, etc. (Pillar I).
• Contribute to the actuarial items within the Own Risk and Solvency Assessment (ORSA) completion and SIL’s ORSA embedment plan.
• Assist with setting the technical provisions and reporting.

Job Requirements:

• Capital modelling and reserving experience is preferred
• Experience in the short-term insurance is preferred.
• 3-year BSc or BCom with actuarial majors
• Honours is an advantage

Qualification & Experience:

• 2-4 years’ actuarial experience.
• Member of Actuarial Society of South Africa /Member of the Institute and Faculty of Actuaries.
• At least 9 exemptions / actuarial exam passes

Job Details:

Company: Standard Bank South Africa

Vacancy Type: Full Time

Job Location: Constantia Kloof, Gauteng, SA

Application Deadline: N/A

Apply Here

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