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Actuarial Modeling Professional

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Sandton, South Africa The Recruitment Council Full time
Job Description

The Recruitment Council is seeking an experienced Actuarial Modeling Professional to join our team. As a key member of our actuarial team, you will be responsible for developing and implementing advanced statistical models to analyze complex business data and drive informed decision-making. Your expertise in actuarial modeling and data analysis will help us identify business opportunities and mitigate risks.

Key Responsibilities:
  • Elicit and analyze complex business requirements through interviews, workshops, and workflow analysis.
  • Develop clear and concise business solutions addressing root causes rather than symptoms.
  • Document and refine actuarial models to meet evolving business needs.

Stakeholder Engagement:
  • Collaborate with internal and external stakeholders to address their needs, providing clear and timely feedback.
  • Lead the development of engagement plans and ensure stakeholders are up-to-date with project progress.

Actuarial Modeling:
  • Translate business objectives into well-defined models ensuring accuracy in scope, data, and assumptions.
  • Regularly monitor and adjust models to reflect business realities, providing transparent documentation.

Data Collection & Analysis:
  • Use data from various sources to assess key themes impacting the business.
  • Ensure data accuracy by reconciling with credible sources and acquiring sign-off from senior management before use.

Model Deployment & Testing:
  • Plan and manage system changes, ensuring thorough impact and sensitivity analyses.
  • Develop clear documentation for model deployment and implement monitoring processes to track performance.

Insights & Reporting:
  • Design and execute reporting strategies delivering actionable insights to stakeholders.
  • Regularly validate data accuracy and provide ecosystem insights to enhance business decision-making.

Performance Management:
  • Manage a diverse team setting performance objectives and ensuring the achievement of team goals.
  • Oversee the development of talent pipelines and succession planning within the actuarial function.

Improvement & Innovation:
  • Continuously enhance business practices by developing new solutions and refining existing models.
  • Stay current with actuarial techniques and proactively suggest improvements.

Operational Compliance:
  • Ensure adherence to professional and regulatory standards maintaining high levels of integrity and professionalism.

Team Development:
  • Mentor and coach staff in data analysis model development and business acumen.
  • Train and upskill the team to meet evolving business requirements.

Project Management:
  • Oversee a portfolio of projects ensuring timelines and quality standards are met.

Behavioral Competencies:
  • Action Oriented
  • Manages Complexity
  • Resilience
  • Business Insight
  • Accountability
  • Effective Communication
  • Collaboration
  • Financial Acumen
  • Optimizes Work Processes
  • Persuasion
  • Builds Networks
  • Plans and Aligns
  • Instills Trust
  • Interpersonal Savvy
  • Decision Quality
  • Conflict Management
  • Customer Focus

Skills Required:
  • Advanced actuarial and statistical modeling
  • Strong mathematical and statistical background
  • Data collection analysis and management
  • Writing and verbal communication skills
  • Presentation and analytical processes
  • Action planning and project management
  • Compliance with regulatory standards
  • Expertise in actuarial and statistical software advanced Microsoft Office

Qualifications:
  • Bachelor's or Honours degree in Actuarial Science or related field
  • Progress toward or completion of an Actuarial qualification

Experience:
  • 4+ years of actuarial experience in a life insurance environment