Specialist: Solvency and Business Monitoring

Assupol Group

Gauteng, South Africa

Permanent

Aug 19

To perform all tasks required from an actuarial valuations team member that enable senior management and the executive committee to make important business decisions 1.SAM ModelPerform Quarterly valuations in Prophet and calculate solvency on the SAM basePerform Sensitivities on the SAM base, which is used for reporting to the Board of directors and committees2.Maintain Actuarial ModellingDevelop and maintain actuarial systems and models in order to perform the variety of actuarial investigations and tasks required by the team e.g. solvency projections, reserve setting and embedded value calculations etc.Maintain and compile actuarial models through parameter manipulation by employing Prophet (actuarial modeling software)3.Experience InvestigationsPerform mortality and withdrawal experience investigations on a monthly base.Compare findings and analyse performance per product where it deems necessaryAssist in making recommendations to committees and Board on valuation assumptions based on findings in analysis4.Analysis of Surplus SAM solvency baseProvide reasonable Prophet Reserve build-up which assists in explaining experience variances within the AOS5.Budget process for Life office within the Assupol GroupProvide projected cash flows for all business classes to assist in accurate budget settingSpecification and testing of projected cash flow static sheets that enables a budget on three different solvency bases (SVM, PRB & SAM)6.Compiling results Compiling SAM results sheets for all basis changes and sensitivitiesFacilitate quarterly results comparison with Deliotte SAM basisPrepare SAM Submission to PA every quarterPerform SAM to IFRS buildup

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