Actuary - Internal Audit

1 week ago

Centurion, South Africa OUTsurance Full time

Company Description

OUTsurance has been propelling the South African insurance industry forward for the last 24 years. As leaders in the field, we’re always looking for innovative ways to create digitally-advanced solutions, without losing sight of our human values.

Our continued success can be attributed to OUTstanding employees who set the bar high with their energy and expertise. If you’re keen to grow your career in a vibrant environment with lots of friendly ‘gees’, this could be the career opportunity you’ve been looking for.

**Job Description**:
The Internal Audit Actuary position provides the opportunity to learn about not only the technical actuarial concepts, but other business and operational areas within OUTsurance.

**Qualifications**:
**Minimum Requirement**

**Essential**
- Relevant degree in Statistics, Mathematics, Actuarial Sciences, Data Science etc.
- Nearly or newly qualified Actuary (FASSA or similar).
- 2 - 5 years’ experience in the Insurance Market with either a consultancy or industry background.
- Solid understanding of actuarial concepts and principles.
- Detailed understanding of Prudential and Governance Standards applicable to non-life insurers.
- Strong technical, problem identification and analytical skills.
- Experience with SQL programming is essential.
- Knowledge of spreadsheet and Microsoft tools, particularly Excel.

**Advantageous**
- Strong non-life insurance market experience is desirable and auditing experience in this environment.

**Responsibilities**
- Under general direction, assist in risk-based actuarial audit activities/ investigations designed to identify risks and evaluate the effectiveness of governance, risk management, and control processes.
- Assist in fieldwork activities, including inquiry of clients, inspection of calculations and documents, and observations and re-performance of complex control procedures.
- Prepare effective documentation (e.g. process flows, walk-throughs, working papers) for complex processes.
- Communicates audit/ investigation results clearly to relevant stakeholders.
- Work alongside and provide support to the Head of Actuarial Function (HAF) in relevant actuarial matters that require their oversight.
- May also be required to assist the rest of the Internal Audit team by using hands-on analysis of company data and providing insights from this.

**Competencies**
- Excellent communication skills (written and oral). Ability to communicate what is relevant and important in a clear and concise manner.
- Driven and motivated. Ability to handle multiple tasks and takes initiative to improve their own performance.
- Ability to prioritize workload and meet or exceed target dates.
- Creativity/Innovation. Ability to create new ways to improve current processes and develop solutions that are grounded in reality and have practical value.
- Ability to excel in a team environment.
- A track record of building strong client relationships (internal or external).
- Attention to detail.
- Logical thinker.

Additional Information

In accordance with OUTsurance Insurance Company Ltd Employment Equity goals, preference will be given to individuals who meet the job requirements and are from the various designated groups.

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