Actuarial Analyst
Actuarial Analyst
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Salary Not Disclosed
1 Vacancy
Job Description
Actuarial Analyst
Minimum Requirements:
- Matric (Grade 12)
- Minimal external interaction
- Network of contacts within the actuarial profession
- University degree in actuarial science statistics mathematics or a related field.
- Pursuing Actuarial qualification (per local society).
- One to three years of experience in an actuarial environment.
- Selfmotivation and drive.
- Professional enthusiastic and positive attitude.
- Able to meet deadlines and work under pressure.
Responsibilities:
- General
- Provide basic actuarial services with minimal supervision by a more experienced actuary/actuarial specialist.
- Perform more complex analyses as assigned under the supervision of a more experienced actuary/actuarial specialist.
- Demonstrate increasing knowledge of relevant actuarial disciplines and procedures to be able to provide first class service to internal customers.
- Actively pursue local actuarial qualification and demonstrate consistent progress toward designation.
- Reserving specific
- Under general direction support reserving portfolio profitability analysis reinsurance analysis or market facing business units in support of business objectives.
- With appropriate review and governance from Management coordinate prepare and perform actuarial analyses including and premium projections consultation on actuarial models and riskbased capital
issues. - Support finance marketfacing business units claims risk capital management and other functions on reserving portfolio pricing and strategic business decisions.
- Pricing specific
- Under general direction support the pricing of new/renewal business development of effective premium/rating structure the formal
- Profitability Review process and development of strategies in
support of business objectives. - Provide support for management of profit margins on new and renewal business.
- With appropriate review and guidance from Manager coordinate prepare and perform actuarial analyses including analysis of loss and expense reserves as relates to pricing adequacy and strategic direction.
- Provide consultation and technical expertise on actuarial models and risk issues and support Market
- Facing and Technical Underwriters on pricing decisions.
- Capital specific
- Under general direction support capital modelling data quality and regulatory returns.
- With appropriate review and guidance from Manager coordinate prepare and perform actuarial analyses including collection of information from various stakeholders across the business.
- Business Support specific
- Support actuarial services related to Risk Based Capital model development parameterisation and allocation activities.
- Perform data analytics and/or reinsurance analysis.
- Pricing specific
- Under general direction support the pricing of new/renewal business development of effective premium/rating structure the formal
- Profitability Review process and development of strategies in
support of business objectives. - Provide support for management of profit margins on new and renewal business.
- With appropriate review and guidance from Manager coordinate prepare and perform actuarial analyses including analysis of loss and expense reserves as relates to pricing adequacy and strategic direction.
- Provide consultation and technical expertise on actuarial models and risk issues and support Market
- Facing and Technical Underwriters on pricing decisions.
- Business Support specific
- Support actuarial services related to Risk Based Capital model development parameterisation and allocation activities.
- Perform data analytics and/or reinsurance analysis.
Employment Type
Full Time
