Actuarial Operations Specialist
22 August 2018
Web Ref : 411
Overview: Our client is a South African based financial services group listed on the South African stock exchange, the JSE. The group operates in the market through multiple client-facing brands including insurance and investment brands. The company’s purpose is to enhance the lifetime Financial Wellness of people, their communities and their businesses. Financial Wellness is a continuous process of planning and management for individuals, households and businesses, with the aim of affording expenses and achieving goals over one’s lifetime. Our promise to our clients is to be their Financial Wellness partner over this life-long journey, using our expertise and solutions to help them develop and reach their goals. Role Purpose: The above-mentioned position is currently available in the Structured Solutions team within the company’s Investments and Savings Centre of Excellence. The candidate will be responsible for assisting in the management of structured and guaranteed investment products. Responsibilities: Incumbent will assist the Actuarial Operations' team with the following: • Development of structured and guaranteed investment products • Ongoing management of structured and guaranteed investment products, including but not limited to the oversight, system extraction, evaluation and projection of assets and liabilities • Recommendation of interim and final bonuses (split between vesting and non-vesting) for smooth bonus business • Managing the implementation of statutory and contractual requirements for structured and guaranteed investment products • Ensuring proper system implementation of newly developed or revamped structured and guaranteed investment products • Mitigating financial, legal, reputational and other pertinent business risks by ensuring administration systems are continuously rigorously tested for adherence to contractual obligations • Calculating contractual or adjusted payments to clients • Gathering asset and related information from counterparties to determine exposures, returns, etc • Actuarial and performance reporting for structured and guaranteed investment products • Producing new business and disinvestment quotations on structured and guaranteed investment products • Establishing and maintaining strong relationships with various internal and external stakeholders and assisting them in analysing, supplying and translating information on structured and guaranteed investment products • Undertaking ad-hoc actuarial tasks including the resolution of technical queries • Offering specialized assistance on & lsquo; Structured Solutions' projects Competencies required: • Actuarial Science degree preferred with at least 3 CTs • 2 years' experience preferably in an investments environment • Knowledge of structured and guaranteed investment products preferred but not critical • Ability to work accurately under pressure • High attention to detail and quality orientation • Strong analytical and problem solving skills • Good written and verbal communication skills • Good time management skills • Ability to work in a team as well as independently
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