South Africa

Junior Actuarial Analyst

Company Telesure Investment Holdings
Reference # JAA01/11/21
Published 11/01/2021
Contract Type Permanent
Salary Market Related
Location Gauteng Area, Gauteng, South Africa
Provide support to senior analysts and managers within the General Insurance Actuarial team. Use statistical models to analyze data and calculate the probability of and costs associated with certain events.
Job Functions Analysis,Architectural
Industries Insurance
Data Collection & Analysis
Produce accurate reports for others by collecting data from a variety of standard sources and inputting it into standard formats. Extract and verify data used for actuarial models. Reconcile data/information against credible data sources (for example financials) to ensure the data is complete and accurate. Before data is used for analysis/ modelling, review and acquire signed-off from the Technical Manager.

Actuarial Modeling
Assist in developing actuarial models and processes. Models to be fit for purpose and able to estimate the reality accurately. Regularly monitor Models to ensure model performance.

Insights and Reporting
Extract and combine data to generate standard reports. Provide an ecosystem where data and data analysis is nimble and easy to access within the business. Ensure monitoring is accurate and complete and regularly validated against credible data sources. Review results on a regular basis and monitor against actuals across brands and distribution channels within the business.

Model Deployment and Testing
Develop the monitoring processes to measure the performance of the model/ pricing under the guidance of the technical manager.

Improvement / Innovation
Support others by implementing improvements and carrying out simple change management tasks. Ensure data processes are continuously maintained and kept up to date.

Operational Compliance
Develop knowledge and understanding of the organization's policies and procedures and of relevant regulatory codes and codes of conduct to ensure own work adheres to those standards. Obtain authorization from a supervisor or manager for any exceptions from mandatory procedure. Maintain standards of integrity and professionalism as set out by the Actuarial Society of South Africa.

Personal Capability Building
Develop and maintain excellent process or technical skills by participating in assessment and development planning activities as well as formal and informal training and coaching.
General Education
Bachelors / Honours degree in Actuarial Science or similar (Essential);
Making good progression toward Actuarial qualification (Essential)

General Experience
Actuarial Graduate from university or an individual with less than 2 years work experience outside of the Short Term Insurance environment (Essential)

*SAQA Accredited Equivalent* - It is the onus of the applicant to provide TIH and its subsidiaries with certified evidence that their qualification(s) meet the equivalent NQF level required for this role at time of application.

Financial Sector Conduct Authority (FSCA)** competency requirements: FAIS recognized qualifications / Regulatory Examinations / Class of Business Certification and / or CPD according to your DOFA (where applicable) - As a registered Financial Service Provider, we are mandated to ensure that all our representatives are always and remain fit and proper at all times. By applying for this role, you consent to having your relevant qualification and or accreditation or confirm that you are working towards meeting the competency requirements. You further consent to the relevant information being verified.

Employment Equity

The Company's approved Employment Equity Plan and Targets will be considered as part of the recruitment process. As an Equal Opportunities employer, we actively encourage and welcome people with various disabilities to apply. TIH is committed to an organizational culture that recognizes, appreciates and values diversity & inclusion.

Should you not hear from our team in 30 days, kindly consider your application unsuccessful.

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About TIH

Telesure Investment Holdings (Pty) Ltd (TIH), is the holding company of some of South Africa’s leading financial service providers. Our portfolio includes short-term insurers, a long-term insurer, health insurance as well as an insurance and personal finance comparison platform. We’re pioneers with a hunger for best, bringing customer-focused innovation and service excellence to the financial services industry. We’re an undivided team of diverse thinkers and doers who believe in leading through technology and pushing past their limits.

What we offer

TIH offers an exceptional benefits programme, and competitive compensation packages. You have options for Life Cover, Disability Benefits, Provident Fund, Medical Aid, and more. Office benefits include free undercover parking, free Wi-Fi, ATMs, an onsite gym, subsidized meals, convenience store, coffee shop, an on-site Dischem store, free seasonal fruits – every day, and an Active Access walking programme
Job Closing Date 18/01/2021
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Last Updated: 30-7-2020 []
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