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South Africa

ACTUARIAL ANALYST-PRODUCT

Company AVBOB
Reference # 437AA05
Published 21/06/2019
Location Pretoria, South Africa
Introduction
AVBOB, AFRICA'S LARGEST MUTUAL ASSURANCE SOCIETY PROVIDING A ONE-STOP FUNERAL INSURANCE AND BURIAL SOLUTION, HAS A VACANCY FOR:

ACTUARIAL ANALYST
Job Functions Analysis,Finance
Industries Financial Services,Insurance
Specification
The above-mentioned position is within the Actuarial Department. Being a mutual insurer brings with it additional and exciting actuarial issues that is not standard at a typical shareholder-owned insurer. Our actuarial department (Actuarial Services) is expanding and we are looking for talented, driven and experienced actuarial resources to join our Product and Valuations Departments. The two departments work closely together and so being a part of our teams offers the opportunity to gain exposure to a wide variety of actuarial work in a life insurance environment.

RESPONSIBILITIES INCLUDE:

Product development of new products for both the individual and group scheme market.
Product pricing of new products for both the individual and group scheme market.
Monitoring and management of existing products to ensure their ongoing actuarial soundness and profitability.
Involvement in the end-to-end roll-out of new products and product enhancements.
Providing technical expertise to business and support to the Sales and Operations Departments.
Maintaining awareness of competitor products, the current regulatory and general business operating environment to support the product development strategy of business.
Assisting management in analysing, supplying and translating information on key areas of business performance.

Requirements
QUALIFICATION REQUIREMENTS FOR THIS POSITION:
Appropriate tertiary qualification in Actuarial Science.
Good progress towards qualification as an actuary, having completed the Part A1 and Part A2. Technical subjects and having at least attempted the Actuarial Risk Management (A301) exam from ASSA or the equivalent of another international recognised actuarial body (eg IFoA).

EXPERIENCE AND KNOWLEDGE REQUIRED FOR THE POSITION:
At least 4 years relevant experience in the financial services industry.
Life insurance product development and pricing is preferred.
Thorough experience with Prophet is required.
Experience with DCS, SQL, VBA will be advantageous.

COMPETENCIES REQUIRED FOR THE POSITION:
Good understanding of actuarial modelling principles.
Strong analytical and problem solving skills.
Checking results for reasonability.
Being able to communicate results.
Self-starter with the ability to work independently.
Goal-orientated with an ability to perform work efficiently.
Deadline-driven and the ability to work under pressure.
Ability to work on wider team projects as well as taking ownership of individual projects.
Relationship management with internal and external parties
Job Closing Date 19/07/2019
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Last Updated: 7 days ago [19.07.02.08]
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