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Senior Actuarial Specialist

1 week ago

Sandton, South Africa The Recruitment Council Full time

Job Description

We are looking for an exceptional Actuarial Analyst to join our team at The Recruitment Council. As an Actuarial Analyst, you will be responsible for leveraging actuarial models to identify, analyze, and monitor business challenges.

Responsibilities and Expectations

  1. Model Deployment and Testing:
    • Plan and execute system changes.
    • Collaborate with stakeholders to define business requirements and deliver effective solutions.
    • Communicate results of impact and sensitivity analyses to the business.
    • Define robust testing processes for model deployment.
    • Monitor product and pricing performance.
  2. Process Improvement and Innovation:
    • Identify areas for improvement within existing systems, processes, and models.
    • Stay updated on industry developments and contribute to creating innovative solutions.
    • Research actuarial techniques and share findings with the team.
  3. Actuarial Modeling:
    • Develop, maintain, and implement actuarial models.
    • Ensure all models are thoroughly documented.
    • Put in place risk mitigation strategies.
  4. Business Requirements Identification:
    • Collect and document business requirements.
    • Support the actuarial control cycle.
    • Manage key business metrics.
  5. Stakeholder Engagement:
    • Collaborate with internal teams.
    • Work with external stakeholders.
    • Provide service levels and feedback based on business needs.
  6. Data Analysis and Insights:
    • Analyze data from various sources.
    • Ensure data accuracy used for actuarial models.
    • Prepare reports for stakeholders.
  7. Operational Compliance:
    • Stay informed about organizational policies and industry regulations.
    • Apply actuarial practices in line with regulatory guidelines.

Requirements and Qualifications

  • Bachelor's degree in Actuarial Science or a related field.
  • Progress toward full actuarial qualification.
  • Minimum 1 year of actuarial experience in the Short-Term Insurance sector.