Actuarial Modeling Specialist

1 day ago

Johannesburg, Gauteng, South Africa The Recruitment Council Full time
Job Description
The Recruitment Council is seeking a highly skilled Senior Actuarial Analyst to join our team. This is a unique opportunity for an experienced professional to leverage their technical expertise and passion for innovation in the financial services sector.

About the Role
This position involves providing actuarial technical support while mentoring junior analysts within the actuarial team. You will play a crucial role in utilizing actuarial models to identify, model, and monitor business challenges, delivering effective solutions that drive organizational success. Key responsibilities include:
  • Model Deployment and Testing: Plan and execute system changes, engaging with users to identify requirements and designing solutions. Conduct impact and sensitivity analyses to inform decision-making regarding pricing changes and profitability. Implement monitoring processes to measure model performance effectively.
  • Actuarial Modeling: Develop, maintain, and implement actuarial models that accurately estimate reality. Ensure all models are thoroughly documented, including their scope, definitions, data, and assumptions, to maintain transparency for external stakeholders.
  • Improvement and Innovation: Identify inefficiencies in existing practices and propose improvements. Stay updated on business developments to proactively develop solutions. Engage in continuous research to enhance actuarial techniques and share insights with the team.
  • Business Requirements Identification: Contribute to the product development and pricing framework. Manage key business metrics such as new business value and profit by product line, ensuring clear documentation of business requirements.
  • Stakeholder Engagement: Collaborate with internal and external stakeholders to provide updates on project outcomes. Maintain measurable service levels on business requests and address business issues observed.
  • Data Collection and Analysis: Utilize diverse data sources to analyze key themes impacting the business. Verify data used in actuarial models and reconcile it against credible sources to ensure accuracy.
  • Insights and Reporting: Prepare and coordinate various data and analytics reports. Present insights and recommendations to stakeholders, ensuring regular validation against credible data sources.

About You
To succeed in this role, you should have strong analytical and numerical skills, excellent communication and collaboration abilities, and the ability to manage complexity and ambiguity. Proficiency in actuarial modeling and financial analysis is essential. Action-oriented individuals with a focus on continuous improvement will excel in this position. An ideal candidate should be able to mentor and develop junior team members.

Salary Range
$120,000 - $160,000 per annum.

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