Asset – Liability Management Specialist
25 October 2018
Web Ref : 412
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 Asset-Liability Management team in the company. The candidate will be responsible for the development and implementation of hedging and other risk management solutions for investment and insurance related guarantees underlying guaranteed investment and annuity products. Responsibilities: • Modelling of guarantees underlying guaranteed investment and annuities products • Development and implementation of hedging solutions for guarantees underlying guaranteed investment and annuity products • Development and implementation of risk monitoring metrics for guarantees underlying guaranteed investment and annuity products • Modelling of capital requirements of guaranteed investment and annuity products • Research and development to improve existing hedging solutions and capital management • Participate in product development as subject matter expert providing specialist technical input on investment guarantee modelling, pricing and hedging Competencies: • Skills in modelling complex investment and insurance related liabilities, with a particular focus on stochastic modeling • Skills in asset-liability matching and hedging of complex liabilities • Excellent programming skills • Knowledge of Excel VBA, Matlab and Python programming will be an advantage • Excellent analytical and problem solving skills • Excellent attention to detail • Good verbal and written communication skills • Self-starter - can run independently with complex projects Experience and Qualifications: • Bachelor Degree in Actuarial Science or Financial Risk Management • Senior Actuarial student, Nearly Qualified Actuary or Newly Qualified Actuary • At least 4 years work experience • Experience in an asset-liability matching environment will be an advantage
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