Jobs in Umhlanga ridge , durban

Leading Financial Institution seeks motivated analytical individual to manage their dynamic actuarial team. This role is long term insurance industry. As such, the person must be responsible for determining an implementing the full insurance risk strategy and this will ensure the company complies with the SAM legislation. The individual will need to execute all necessary changes in business to ensure that the company complies with the new governances. Full Actuarial certification with exposure to SAM Solvency II essential.

As such all activity will take place in this context :

• Understanding internal rating for capital adequacy purposes.
• Defining the output required from the internal capital model together with the validation and governance thereof
• Understanding of new risk management policies.
• Documenting of new risk management policies.
• Revision of current risk management policies where applicable
• Understanding IRB Approaches and systems.
• Setting and monitoring risk tolerances and risk appetites
• Embedding risk management within daily activities of the business
• Drafting monthly and quarterly risk reporting to all stakeholders
• Setting up of and monitoring of financial indicator data and dashboards
• Integration of the risk management function with the corporate actuarial function
• Setting up, review and monitoring of the Companies Own Risk Self- Assessment Process and the Use Test

Key Job Deliverables :

Background work experience

Qualify In Criteria

Qualify Out Criteria

Personality Summary

You will have a passion for insurance with a highly analytical mind. You will have a high drive and be highly results orientated. You will be facts and figures orientated while paying attention to detail. You will have excellent people skills and will be able to motivate and lead a team. You will have a sense of responsibility, with good communication skills and able to work under pressure.

Benefits of this Role :

Location : Umhlanga Ridge , Durban

Salary :

Basic : R 600 K to R 900 K per annum (dependent on experience and proven track record). .

Type : Permanent

Start : ASAP

Reference : DT105