Gauteng, South Africa


Jul 19

AFRICAS LARGEST MUTUAL ASSURANCESOCIETY PROVIDING A ONE-STOP FUNERAL INSURANCEAND BURIAL SOLUTION, HAS A VACANCY FOR: The above-mentioned position is within the Actuarial Department. Being a mutual insurer brings with it additional and exciting actuarial issues that is not standard at a typical shareholder-owned insurer. Our actuarial department (Actuarial Services) is expanding and we are looking for talented, driven and experienced actuarial resources to join our Product and Valuations Departments. The two departments work closely together and so being a part of our teams offers the opportunity to gain exposure to a wide variety of actuarial work in a life insurance environment.RESPONSIBILITIES INCLUDE: Acquiring adequate product and systems knowledge. Data verification. Assumption setting. Maintenance, setup and running of Prophet valuation models. Consolidation of valuation results and report writing. SCR and economic capital calculations. Responding to auditor queries. Completion of relevant sections of quarterly and annual statutory returns to the Regulator. Mortality and withdrawal experience investigations. Maintaining awareness of the regulatory landscape and related professional guidance. Involvement with ad hoc projects and special investigations from time to time. Involvement with IFRS 17 development and roll-out.

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The AVBOB Group (AVBOB Insurance, AVBOB Funeral Service and AVBOB Industries) is Africa’s largest Mutual Society.