Actuarial Analyst

3 weeks ago

Sandton, South Africa The Recruitment Council Full time
Actuarial Analyst Job Description

The Recruitment Council is seeking a skilled Actuarial Analyst to join our team. As an Actuarial Analyst, you will play a crucial role in providing vital support to senior analysts and managers in our Actuarial team.

Key Responsibilities:
  • Model Deployment & Testing: Assist in planning and executing system changes, collaborate with users to gather requirements, and work with the team to design solutions.
  • Data Collection & Analysis: Analyze data from various sources to identify business impacts, extract, verify, and reconcile data to ensure accuracy, and align data definitions and assumptions to support problem-solving initiatives.
  • Actuarial Modeling: Support in developing, maintaining, and implementing actuarial models and processes that are fit for purpose, ensure all models and estimations are clearly documented, and assist in creating process documentation to ensure models are understandable to external stakeholders.
  • Improvement & Innovation: Identify and address inefficiencies in processes, systems, and procedures, stay informed on business developments, and proactively propose solutions.
  • Business Requirements Identification: Assist in collecting and documenting business requirements to support product development and pricing, support the Actuarial control cycle development, deployment, and monitoring, and help manage key business metrics like value of new business, embedded value, and profit by product line.
  • Stakeholder Engagement: Collaborate with internal stakeholders to ensure they are informed about project outcomes, support external stakeholder engagement for product development and related solutions, and ensure measurable service levels and provide feedback to address business issues.
  • Insights & Reporting: Assist in preparing data reports, presenting insights, and communicating recommendations to stakeholders, and regularly validate data monitoring against credible sources to ensure accuracy.
  • Operational Compliance: Gain a strong understanding of the organization's policies, procedures, and relevant regulatory standards, and adhere to standards of integrity and professionalism as outlined by the Actuarial Society of South Africa.
  • Performance Management: Manage your workflow to meet required standards of quality and timeliness, while using performance systems to enhance your professional growth.
Requirements:
  • Bachelor's degree in Actuarial Science or a related field.
  • Making good progress toward Actuarial qualification.
  • At least 1 year of actuarial work experience in the financial services sector.
  • Experience with Prophet software is required.

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