Actuarial Analyst

4 weeks ago

Johannesburg, Gauteng, South Africa Rand Mutual - RMA Full time

Actuarial Analyst - Special Projects
Rand Mutual Assurance
2025/01/23 Parktown

Job Reference Number: RM-628
Department: RMA Life
Industry: Insurance
Job Type: Permanent
Positions Available: 1
Salary: Market Related Reporting into the Special Projects Actuary, the Actuarial Analyst will be primarily responsible for execution of strategic actuarial projects under general supervision.

Job Description

THE JOB AT A GLANCE

Reporting into the Special Projects Actuary, the Actuarial Analyst will be primarily responsible for execution of strategic actuarial projects under general supervision.

WHAT WILL YOU DO?

  • Development and pricing of strategic products and services.
  • Build and optimise pricing and quotation systems in conjunction Product, Quotes, and IT Teams.
  • Optimisation of processes, systems and tools used by the actuarial division.
  • Assist in launching any special projects in cross-functional and collaborative team settings.
  • Provide support to the Special Projects Actuary in other duties such as analysis & presentations.
  • Assist with product and market research for strategic products and initiatives.
  • Perform actuarial related duties such as data analysis, modelling, reporting and documentation.
  • Build and maintain dashboards used for actuarial reporting.
  • Provide strategic support to the product development and pricing and valuations teams.
  • Collaborate with Investment team in optimisation of Liability Driven Investment process.
  • Timeously respond to actuarial queries.
  • Build good relationships with internal stakeholders.
  • Effective reporting and assessment of problem areas.
  • Regulatory compliance.
  • Perform work in terms of required standard and regulations.
  • Adhere to all company policies and procedures.
  • Ad hoc projects.

WHAT YOU'LL BRING TO THE TABLE?

  • Actuarial degree
  • Statistics, Mathematics & Data Science degrees will be considered.
  • Progress towards actuarial exams – At least 3-5 Technical Actuarial Exams
  • 2-4 years' experience
  • Previous life and short-term insurance company valuation or insurance risk management experience would be an advantage

WHAT WILL YOU GET IN RETURN?

We offer great opportunities for personal and professional development in a stable company that's 130 years strong. The role comes with a competitive salary package and various benefits. Flexible work arrangements (combination of remote and in the office). Furthermore, you will be a part of a dedicated group of colleagues who value teamwork and collaboration.

Turnaround time

The shortlisting process will only start once the application due date has been reached. The time taken to complete this process will depend on how far you progress and the availability of managers.Kindly note that should you not receive a response within 21 days please consider your application unsuccessful.

Our Commitment to transformation:

In accordance with the employment equity plan of Rand Mutual Assurance and its employment equity goals and targets, preference may be given, but is not limited, to candidates from under-represented designated groups.

Job Requirements
  • Actuarial degree
  • Statistics, Mathematics & Data Science degrees will be considered.
  • Progress towards actuarial exams – At least 3-5 Technical Actuarial Exams
  • 2-4 years' experience
  • Previous life and short-term insurance company valuation or insurance risk management experience would be an advantage
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