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.
• Self-motivation 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 risk-based capital
  issues.
• Support finance, market-facing 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.