PEANE MAHLATJI
Pretoria
Summary
Unique, ambitious and downright tenacious, where the impossible is defined and ignored, systems thinker by definition, shrewd lobbying and negotiating skills always resulting in excellent management of stakeholders, inspired by innovation, excellent communicator and strong on the feet thinker! Inherent is my leading and bleeding edge innovative skills to be harvested for the various source and destination markets.
Overview
14
14
years of professional experience
Work History
Actuarial Manager
Compensation Fund-Social Security Fund
09.2018 - Current
- Managing actuarial consultants and one direct internal report.
- Actuarial Liability valuations and projection of pension, medical and compensation cashflows with appropriate allowance for financial and non financial risk.
- Retrospective and Prospective cashflow modelling.
- Risk Based Capital Reporting under Prudential Authority standards.
- Actuarial Investigations and monitoring of risk management frameworks.
- Actuarial Balance Sheet Projection.
- Pricing, benefit and policy formulation and review.
- Loss of income financial modelling.
- Data Integrity management, Data Handling, Wrangling and employing statistical models to re-engineer risk classes.
- Presenting to Executive Committee on key business development metrics and Economic Value Management.
- Stakeholder engagements including NEDLAC on Regulatory impacts.
Actuarial Risk Specialist
Momentum Metropolitan
07.2017 - 09.2018
- Developed and maintained insurance risk policies.
- Ongoing monitoring of underwriting activities and risk exposures to ensure it is aligned with Board approved risk appetite, risk limits and corresponding capital or liquidity needs.
- Assisting statutory actuary personnel to deliver on actuarial risk management projects requiring knowledge of insurance regulation, the insurance sector and the specific business, the dynamics of insurance balance sheets etc.
- Economic Value Management, implementing capital actuarial models and reviewing of valuation reports.
- Monitoring asset liability mismatch risk, risk appetite statements, insurance risk framework.
Actuarial Specialist
Sanlam Emerging Markets
01.2016 - 07.2017
- End to End Actuarial reporting.
- Data Management, Actuarial liability valuations, Embedded Value Reporting and Solvency Capital Reporting under CAR regime.
- Reviewed reports on expense risk, subsequently developing distribution channels and New Business volume to mitigate the risk.
- Maintaining and monitoring geographical financial risk reporting standards.
- Handled the tasks of delivering submissions for internal & external reporting on all financial reporting bases to Executive.
- Aided business development efforts, developed processes, and played a key role in driving revenue growth and quantifying earnings and balance sheet risk.
- Planned and scheduled meetings, responded to various inquiries both external & internal, managed communications via e-mail, phone calls etc across different geographical locations.
- Improved sales metrics and financial performance using actuarial analytical methods.
- Directed business towards an understanding of its market through defining its identity.
- Advised on reducing operating costs to improve process efficiencies, increase financial profits and Value of Future Projected Profits.
- Provide business-results oriented analysis of technical (clinical or claims related) data and perform reserve and/or other actuarial valuation based services.
Actuarial Assistant
Liberty Africa
01.2015 - 12.2015
- Risk Transfer strategies, profitability management and budgeting - Providing business insight about the drivers of the earnings, comparison to budgeted earnings and informing stakeholders on any remedial action that can be taken to drive earnings up.
- Delivering monthly underwriting risk management presentations to the company's Executive.
- Economic and Demographic Investigations (i.e mortality, morbidity, terminations, withdrawals, discount rates).
- First Principles Reserving (i.e Responsible for effectively assessing financial risks, pricing products and calculating the amount of money needed to be set aside now to effectively honour timeously any future liabilities to arise).
- Capital Management - Regulatory and Economic Capital modelling to ensure that the entity is solvent under a 1 in 10 year type event.
- Stakeholder Engagement and Management-Managing and ensuring different contractual agreement are abided by and upheld (i.e revenue sharing agreements with Group clients, joint venture agreement between Standard Bank and Liberty, Risk Transfer agreements, catastrophe Risk Transfer agreements etc).
Actuarial Consultant
Sanlam Sky
06.2012 - 12.2015
- Business Analytics-Deploying excellent coding skills to provide cutting edge management information for strategic business initiatives, new business development and statutory business submissions to FSB.
- Responsible for Data Re-engineering project as well remodeling of Credit Risk capital in preparation for the Solvency Assessment Management regulatory framework signed into law recently.
- First Principles Reserving (i.e Responsible for effectively assessing financial risks, pricing products and calculating the amount of money needed to be set aside now to effectively honour timeously any future liabilities to arise).
- Quantitative and Quantitative Reporting- Managed annual and quarterly forecasts as well as performing value added analysis on risks and opportunities and presented options to senior management to make informed decisions that delivered revenues and profits.
- Providing input to underwriting regarding pricing of new and existing business or products, and collaborate with other functional groups on actuarial issues.
Data Analyst
Ernst and Young(now branded EY)
Cape Town
01.2012 - 06.2012
- Performing DATA Analytics procedures and providing management information in SAS STATISTICAL SOFTWARE for various key clients including Transnet SOC
Education
Bachelor of Science Honours - Mathematical Statistics
University of Pretoria
2012
Bachelor of Science - Actuarial Science
University of Pretoria
12.2011
Skills
- SQL
- Excel
- SAS
- PFMA and COID Act Compliance
Languages
English
Proficient
C2
Hobbies and interests
- Machine learning applications in actuarial modelling
Timeline
Actuarial Manager
Compensation Fund-Social Security Fund
09.2018 - Current
Actuarial Risk Specialist
Momentum Metropolitan
07.2017 - 09.2018
Actuarial Specialist
Sanlam Emerging Markets
01.2016 - 07.2017
Actuarial Assistant
Liberty Africa
01.2015 - 12.2015
Actuarial Consultant
Sanlam Sky
06.2012 - 12.2015
Data Analyst
Ernst and Young(now branded EY)
01.2012 - 06.2012
Bachelor of Science Honours - Mathematical Statistics
University of Pretoria
Bachelor of Science - Actuarial Science
University of Pretoria