Monday , February 26 2024

Hollard Vacancies – Actuarial Analyst

Website Hollard Insurance

Job Description:

A stimulating opportunity has become available for a driven, enthusiastic, resourceful, and technically minded individual to work as part of a team of actuaries and data scientists. The team is tasked with consolidating and explaining all aspects related to the current and future solvency position of the two Hollard Short-Term Licenses.  This role involves working with an array of people across a diverse range of business functions and includes reporting to the prudential authority, monthly reporting to management, assisting in underwriting and capital budgeting, and involvement in a diverse range of corporate transactions.

Job Responsibilities:

  • Contributing to the underwriting, balance sheet and capital projections during the budgeting process.
  • Providing technical support and advice on the impact of dividends on the solvency position of both ST licenses.
  • Risk-based capital attribution across the various divisions within the Hollard Group.
  • Understanding and communicating the drivers of profit, profit distribution, capital requirements and the cost thereof to the various business units.
  • Stress and scenario testing so as to understand the resilience of the business to a variety of events.
  • Completing and reviewing returns submitted to the Prudential Authority, FSCA, ASISA, NCR, and other regulatory and industry bodies.
  • Assess, develop, and distribute solutions around efficient balance sheet management e.g., reinsurance arrangements and optimization.
  • Providing knowledge on the relevant Prudential Standards and ensuring appropriate guidance notes are adhered to.
  • Calculating various current and projected group financial metrics.
  • Collaborating with Reinsurance, Treasury and Corporate Finance to optimise capital efficiency.
  • Assisting with internal model design, parameterization, and result reporting.
  • Calculating the SCR for the ST licences and ensuring solvency is managed on an ongoing basis:
  • Drafting relevant reports for input into various management meetings, e.g., Financial Review Committee, Actuarial Committee.
  • Calculating the return on capital monthly and providing input into internal management reporting.

Job Requirements:

  • Good understanding of key actuarial concepts, talking points and principles within the insurance sphere.
  • Strong technical and analytical skills

Qualification & Experience:

  • BSc (Hons) Actuarial Science
  • Good progress in actuarial exams

Job Details:

Company: Hollard Insurance

Vacancy Type:  Full Time

Job Location: Parktown, Gauteng, SA

Application Deadline: N/A

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