Principle responsibilities:

• Support the calculation of US GAAP and IFRS reserves for the AIG entities in Africa
• Working closely with both the HAFs for AIG Life South Africa and AIG South Africa entities, to ensure that all regulatory and actuarial requirements are met
• Analytical work including data extraction, data transformation and database management
• Deliver annual and quarterly annual actuarial reserving studies
• Support the budgeting process and business partnering by providing ultimate loss ratios by accident year from the reserve study to the business
• Support the bridging initiative between Finance and Pricing Actuarial teams to ensure alignment of views on ultimate losses across functions
• Support the development of processes, procedures and metrics to enable the businesses to comply with Pillar II of SAM.
• Support the calculation of the SAM Technical Provisions.
• Assist in model validation of Standard Model for SCR and MCR calculations and provide technical support for the Own Risk and Solvency Assessment
• Support the development of procedures to produce, document and report opinions on the adequacy of reinsurance arrangements and align/implement a reinsurance strategy in line with SAM requirements
• Generation of reports to monitor and communicate business performance
• Assistance in the redevelopment and testing of the IT systems
• Support the deliverables and engagement for the annual year-end audit
• Support in any project or ad-hoc requirements as needed

What we’re looking for:

• Degree in Actuarial Science, Mathematics, or related areas required
• Relevant insurance experience
• Member of an Actuarial Institution making good progress through exams
• Proven proficiency in actuarial concepts/methodologies
• Excellent analytical, quantitative, and communication skills
• Good technical software knowledge such as SQL, and/or Python.
• Team Player with ability to work effectively with cross-functional teams
• Ability to navigate through complexity.
• Critical thinking & execution skills