Job Description

Company Description

Standard Bank Group is a leading Africa-focused financial services group, and an innovative player on the global stage, that offers a variety of career-enhancing opportunities - plus the chance to work alongside some of the sector's most talented, motivated professionals. Our clients range from individuals, to businesses of all sizes, high net worth families and large multinational corporates and institutions. We're passionate about creating growth in Africa. Bringing true, meaningful value to our clients and the communities we serve and creating a real sense of purpose for you.



To assist with the full implementation of IFRS 17 within Standard Insurance Limited. In particular, to assist with the data preparation and transformation for IFRS 17 purposes.
To perform monthly calculations of IFRS 17.
To perform investigations relating to IFRS 17 reports.

Qualifications

• 3-year BSc or BCom with Actuarial majors
• Honours is an advantage
• Member of Actuarial Society of South Africa / Member of the Institute and Faculty of Actuaries.
• At least 6 exemptions / actuarial exam passes
• Knowledge of statistics.
• Understanding of insurance business principles.
• Understanding of balance sheet structures and capital implications.
• Knowledge of actuarial processes and control cycle (reserving, capital modelling).
• Knowledge of the insurance industry and insurance products.
• Knowledge of IFRS 17 and/or IFRS 4.
• Knowledge of the product development process.

• Exploring Possibilities
• Examining Information
• Interpreting Data
• Interacting with People
• Resolving Conflict

• Computer literacy (Microsoft Office)
• Specialist actuarial software package skills
• SAS statistical package (preferred), SQL (preferred).
• Actuarial processes and control cycle skills
• Reserving
• Capital modelling
• Analytical skills

Standard Bank