This is an entrepreneurial opportunity to become part of a growing team and participate in / lead the expansion of the actuarial offering. Future growth and development opportunities are highly attractive in tandem with the lofty ambitions for the unit.
The primary focus for the initial phase has been delivery of actuarial audit support on a portfolio of existing clients including several blue-chip names. We are now embarking on the next phase to grow the advisory offering. Depending on the candidate’s interests and experience, the role will offer opportunity to broaden expertise through a range of interesting projects, several outside traditional actuarial fields, working with the BDO Audit and Advisory Teams who provide services across South Africa.
The firm’s service offering and client portfolios provide an exciting and challenging environment. This is a unique prospect in an established team within a dynamic successful growing firm, with the actuarial opportunity set largely untapped. We seek candidates who are energised by operating in a professional atmosphere using their actuarial training and experience to deliver quality actuarial audit support whilst participating in all aspects of the establishment of a broader actuarial offering within South Africa and beyond.
Main Duties & Responsibilities:
Day-to-day responsibilities will include any number of activities such as, but not limited to:
- Actuarial audit support to a portfolio of clients across insurance (general and life), retirement funding and medical scheme industries
- Reviews of technical provisions / IAS 19 liabilities / IFRS 17 liabilities including report drafting
- Leadership of IFRS 17 engagements including transition aspects, working with all three measurement models, assisting clients understand impacts of various policy decisions, actuarial audits, etc.
- Actuarial modelling and valuation work from a variety of perspectives including liabilities, remediation, due diligence, audit, reinsurance, capital optimisation, dashboards, special projects,etc.
- Actuarial function assessments, assisting insurance and other clients to transform and enhance actuarial and risk management processes including model reviews, operating structures, etc
- Resource planning
- Research, data collection, analysis and, production of actionable recommendations
- Professional engagement with internal and external stakeholders including clients and suppliers
- Operational activities underpinning establishment of the actuarial business unit
- Business development initiatives, proposal writing, thought leadership collateral.
