Kreesan Vandayar
Actuary
15C Benacre Lane , Fish Eagle View , Johannesburg
Summary
An experienced actuarial professional with expertise in investment management, financial risk analysis, and actuarial valuation. Skilled in fund development, platform management, and asset manager relationships, with a strong foundation in modelling and investment strategy.
Experience in actuarial valuations, liability adequacy testing, capital adequacy assessments, and risk modelling. Proficient in data validation, assumption setting, and sensitivity analysis to ensure regulatory compliance and financial stability.
Additionally, experienced in managing a small team, overseeing workflows, and mentoring team members to enhance efficiency and knowledge sharing. Strong analytical and problem-solving skills, with a focus on optimizing processes, enhancing governance, and supporting strategic decision-making across investment and insurance domains.
Overview
8
8
years of professional experience
9
9
years of post-secondary education
1
1
Certification
2
2
Languages
Work History
Senior Actuarial Supervisor
Old Mutual Wealth
Johannesburg
03.2022 - Current
- Senior Actuarial Supervisor – Fund Design & Management – Lead the design, development, and maintenance of Old Mutual’s retail market-linked investment funds, including collective investment schemes and retail life portfolios.
- Fund Selection & Governance – Oversee Fund Selection Committee activities, managing changes to platform fund ranges and reporting business flows.
- Fund Administration & Platform Management –Load and maintain internal and external funds on the Old Mutual Wealth LISP.
- Ensure smooth platform operations by working closely with Proposition Management, Servicing, Fund Administration, IT, Finance, and external data providers.
- Asset Manager Relations – Manage relationships with asset managers offering funds on the platform, ensuring strategic alignment and effective collaboration.
- Investment Strategy & Retirement Fund Expertise –Act as Investment Representative on the Old Mutual Wealth Retirement Funds’ Investments Sub-Committee.
- Provide trustees with investment-related support, monitoring fund costs and performance.
- Ensure platform fund ranges are optimally positioned within Old Mutual Wealth's advice processes.
- CIS Fund Management – Oversee the management, maintenance, and competitiveness of internal CIS portfolios (OMUT and SIS Manco), including pricing, performance fee models, and asset manager engagements.
- Private Equity Retail Fund Oversight –Ensure accurate monthly pricing and provide final sign-off on fund changes.
- Handle client queries, auditor requests, and regulatory sign-offs for private equity retail funds.
- Strategic Leadership & Investment Proposition – Contribute to investment strategy development and drive enhancements to Old Mutual’s fund offerings.
Actuarial Systems Analyst
Discovery Invest
Johannesburg
01.2018 - 02.2022
- Deep Product Expertise – Strong understanding of all Discovery Invest products, including their functionality, benefits, and client servicing aspects.
- Client Support & Servicing – Handle client queries by providing projections, calculations, and benefit changes to ensure optimal product servicing.
- System & Product Integrity – Conduct investigations on the existing book of business, ensuring system values are accurate and free from errors or bugs.
- Annual Product Launch Testing –Review and analyze product specifications to identify potential flaws before launch.
- Develop and execute test cases to ensure seamless integration, benefits, and servicing for new products.
- Model Development & Data Analysis –Build financial models in SQL and Excel for independent benefit calculations, servicing queries, and projections.
- Implement batch fixes for system errors when manual corrections are required.
- Data-Driven Product Development – Extract and analyze investment data to identify trends and assist in new product idea generation.
- Project & Stakeholder Collaboration – Work closely with cross-functional teams to drive successful product launches and system improvements.
- Actuarial Product Sign-Off – Provide actuarial validation and approval for new product launches and special offers.
- Innovation & Strategy – Participate in Invest Innovation Sessions to brainstorm and enhance existing and future product offerings.
Actuarial Analyst
Munich Re
Johannesburg
01.2017 - 12.2017
- Ensuring Data Integrity – Perform thorough data validation checks to guarantee the reliability of client data for quarterly valuations.
- Actuarial Valuations & Assumptions – Update key assumptions, including inflation and yield curves, to maintain model accuracy.
- Quarterly Reserve Calculations – Run and validate actuarial models, ensuring reserves are reasonable by comparing results to prior periods.
- Financial & Regulatory Compliance – Conduct Liability Adequacy Tests (LAT) and Capital Adequacy Ratio (CAR) assessments to ensure financial stability and compliance with regulations.
- Sensitivity Analysis – Assess the impact of changing key assumptions (e.g., interest rates and mortality) on reserves.
- IBNR Reserve Calculations – Utilize run-off triangles to estimate Incurred But Not Reported (IBNR) reserves.
- Process Optimization & Documentation – Structure and document valuation processes in ADONIS, enhancing transparency and operational efficiency.
- Valuation Reporting – Compile and review detailed reports, explaining major movements and changes in financial results.
- Financial Reinsurance Monitoring – Track experience and analyze results to optimize reinsurance strategies.
- Natural Catastrophe Risk Assessment – Estimate potential financial losses due to natural disasters and their impact on reserves.
- SAM Basis Reserves – Calculate quarterly reserves in compliance with Solvency Assessment and Management (SAM) standards.
Education
High School -
Empangeni High School
Empangeni 01.2008 - 12.2012
Honors in Actuarial Science -
University of Pretoria
Pretoria 01.2013 - 12.2016
Skills
- Java
- C
- SAS
- VBA
- MatLab
- SQL
- Python(Beginner)
Exemptions Obtained
- CT1 – Financial Mathematics
- CT2 - Accounting
- CT3 - Statistics
- CT4 - Modelling
- CT5 – Contingencies
- CT6 - Actuarial Statistics
- CT7 - Economics
- CT8 - Financial Economics
- CT9 – Business Awareness
- CA1 – Actuarial Risk Management
- CA2 – Modelling and Documentation
- CA3 – Communications
- ST1 – Health
- ST2 – Life
- SA2 – Life Fellowship
Personal Information
- ID Number: 9407185120084
- Number of Children: None
- Criminal Offences: None
- Health Status: Excellent
- Date of Birth: 07/18/94
- Gender: Male
- Nationality: South African
- Driving License: Yes
- Marital Status: Married
Certification
FASSA
Timeline
FASSA
11-2022
Senior Actuarial Supervisor
Old Mutual Wealth
03.2022 - Current
Actuarial Systems Analyst
Discovery Invest
01.2018 - 02.2022
Actuarial Analyst
Munich Re
01.2017 - 12.2017
Honors in Actuarial Science -
University of Pretoria
01.2013 - 12.2016
High School -
Empangeni High School
01.2008 - 12.2012
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