Reference Number: 2731
Contract Type: Regular
Working Time: Full-Time
Hannover Re - with around 3,900 employees at locations all over the world. Our strength? Connecting Power: We rely on each other. As a reinsurer, we protect customers in the event of a claim. This requires customised, innovative solutions. Solutions that worked yesterday may be outdated tomorrow. We challenge ourselves and continuously optimise our services, advice and products. All this makes us one of the leading and most profitable reinsurance groups in the world and a reliable employer.
If you have a passion for niche short-term insurance and possess a strong technical background in the short-term insurance or reinsurance industry, Compass Insure with an office in Johannesburg, South Africa, has a role just for you. See more details related to the role below, which is available on a permanent full-time basis commencing at the earliest possible date as an Actuarial Analyst within the Actuarial & Analytics unit.
You can look forward to
- Reserving – Assisting with the determination of reserving (and reserving related) inputs for quarterly and annual SAM regulatory and IFRS17 financial statement reporting purposes.
- Group reporting – Assisting with the validation of key reserving inputs for IFRS17 Group reserving as well as financial planning purposes.
- Planning – Assisting with providing key reserving related input for local financial planning/projection purposes.
- Stakeholder engagement – Engaging with key stakeholders surrounding reserving related matters. Participation in IFRS17 and SAM audits together with preparation of audit input and handling of queries where necessary.
- Reporting – Assisting with various reserve reports and analyses to various stakeholders as well as providing input on regulatory returns such as the SAM Quantitative and Qualitative Returns as well as the FSCA’s Conduct of Business Return.
- Data quality management – Assisting with the Compass Insure data quality management function.
You come equipped with
- Degree in Actuarial Science
- A minimum completion of ASSA A1 & A2 Technical exams / IFoA equivalent
- Minimum 3 years of non-life insurance experience (preferably within a reserving role)
- Working knowledge of technical requirements in short term insurance or reinsurance surrounding reserving methodologies and SAM as well as IFRS17 valuation principles
- Proven track record of the application of actuarial principles and methods
- Knowledge of the South African Regulatory environment for non-life insurers
- Demonstrated ability to distil and communicate complex financial information and reports to various parties
- Ability to critically assess and review own work
- Computer skills – Advanced MS Office, Intermediate to advanced proficiency in SQL and Power BI. ResQ reserving software knowledge would be advantageous
- Proficient in English.
Employment Equity
Employment Equity South African Citizens as qualified by the Employment Equity Act will be given preference in relation to the company’s Employment Equity Plan. A relevant work permit is required if a foreign national or non-South African citizen applies for the role.
What We Offer
Atmosphere: You will find an international working environment with short decision channels, an open feedback culture and a sense of community shaped by mutual esteem and a readiness to help.
Atmosphere: You will find an international working environment with short decision channels, an open feedback culture and a sense of community shaped by mutual esteem and a readiness to help.
Benefits: Structured onboarding, flexible working hours, benefits superior to those of the collective agreement as well as modern offers for personal development, health management and work-life balance are just some of our benefits.
Prospects: You contribute your specialist and methodological expertise and we offer you fresh input and the opportunity to further develop your potential – including room to come up with innovative ideas and act on them!
Prospects: You contribute your specialist and methodological expertise and we offer you fresh input and the opportunity to further develop your potential – including room to come up with innovative ideas and act on them!