Designation:

Valuations Manager | Waterfall, Johannesburg | Permanent

Category:

Actuarial

Job Level:

Professionally qualified and experienced specialists and mid-management

Posted by:

PSG Financial Services

Posted on:

08 Nov 2024

Reference Number:

POS37592

Closing date:

29-Nov-2024

Position Type:

Permanent

Location:

Waterfall Magwa Crescent

Overview:

VACANCY | VALUATIONS MANAGER | WATERFALL, JOHANNESBURG | PERMANENT
PSGs commitment to transform and embrace diversity is what drives us to achieve a diverse workplace with employment equity as a key goal to create an inclusive workforce. In achieving our employment equity goals, we give preference to applicants from designated groups, and we encourage people with disability to apply.
Job description:
Heading up the Actuarial Valuations team, currently comprising of two actuarial analysist and one junior analyst. The manager drives all regulatory, risk and management valuations reporting done in the team and drives the key deliverables and support to the different business units.
Responsibilities:

• Leading the valuation and financial reporting processes in line with industry standards
• Collaborating with cross-functional teams to drive business strategy and decision-making, including providing input on the annual budgeting process
• Provide mentorship and development opportunities for junior actuarial staff
• Ensure compliance with regulatory requirements and best practices in actuarial analysis
• Engage with the HAF on deliverables to PSG
• Engaged with both internal and external auditors
• The Valuations team’s main responsibilities are, but not limited to regulating submissions: SAM, ORSA, SARB, CBR, capital requirement determination, life product valuations, monitoring offshore capacity, reporting on metric packs (PSG Wealth, PSG Group), business insights and movements analysis, annual budgeting and quarterly forecast updates
• Work towards meeting deadlines while maintaining high level of accuracy
• Be able to explain actuarial concepts to non-actuarial stakeholders

Minimum requirements:

• University Degree majoring in either Investment Management, Insurance mathematics, Actuarial Science, Quantitative Finance or Financial management.
• AMASSA qualification through the Actuarial Society of South Africa or similar level achieved through other Actuarial Societies
• Experience with Actuarial valuations for a Life company, SAM, ORSA
• Advanced use of Excel, VBA and SQL
• Team management experience
• Understanding wealth and investment products
• Experience with budgeting processes
• Familiarity with R, Python or Power BI

Competencies required:

• Analytical Thinking
• Attention to detail
• Communication skills
• Organisation Skills
• Decision Making
• Teamwork / Cooperation

How to apply:
Candidates interested must apply on the PSG Careers website https://www.psg.co.za OR browse vacancies https://bit.ly/3b D2i Ak by no later than 29 November 2024. If you are not contacted within 2 weeks of your application, please accept that your application was unsuccessful. By submitting your application, you are giving PSG Financial Services implicit consent to the storage and processing of your personal information. If you are not contacted within 2 weeks of your application, please accept that your application was unsuccessful.