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South Africa

Actuarial Analyst

Company AVBOB
Reference # 437AA03
Published 04/03/2020
Contract Type Permanent
Salary Market Related
Location Gauteng Area, Gauteng, South Africa
Introduction
Avbob ha s a vacancy for an Actuarial Analyst
Job Functions Analysis,Funeral Service,Risk Management
Industries Insurance
Specification
Being a mutual insurer brings with it additional and exciting actuarial issues that are not standard at a typical shareholder-owned insurer. Our actuarial department (Actuarial Services) is made up of the 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. The above-mentioned position is within the Product Department specifically and the overall purpose of the role is to support the department to deliver on its Product Development and Product Management objectives.


RESPONSIBILITIES INCLUDE:

Supporting product development of new products for both the individual and group scheme market.
Supporting product pricing of new products for both the individual and group scheme market.
Supporting product management of existing products to ensure their ongoing actuarial soundness.
Supporting the end-to-end roll-out of new products and product enhancements.
Performing competitor and industry research and analysis proposing innovative product solutions.
Maintaining awareness of the regulatory and general business operating environment to support the product development strategy of business.
Tracking and monitoring the impact of product development and product management efforts as part of the actuarial control cycle for both the individual and group scheme market.
Providing technical expertise and support to 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.
Making good progress with the actuarial exams, ideally having completed or nearly completed Part A1 and Part A2 technical subjects from ASSA or the equivalent of another international recognised actuarial body (eg IFoA).

EXPERIENCE AND KNOWLEDGE REQUIRED FOR THE POSITION:

3-5 Years experience in an actuarial department in the financial services industry.
Life insurance product development experience is preferred.
 Practical experience with Qlikview, VBA, Prophet and DCS will be advantageous.


COMPETENCIES REQUIRED FOR THE POSITION:

Good understanding of actuarial modelling principles.
Strong analytical and problem solving skills.
Checking results for reasonability.
Goal-orientated with an ability to perform work efficiently.
Deadline-driven and the ability to work under pressure.
Ability to work on team projects as well as taking ownership of individual projects.
Job Closing Date 13/03/2020
   
   
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Last Updated: 30-7-2020 [20.07.03.04]
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