Analyst: Corporate Actuarial - Pretoria, South Africa - Ditshaba

Ditshaba
Ditshaba
Verified Company
Pretoria, South Africa

3 weeks ago

Thabo Mthembu

Posted by:

Thabo Mthembu

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Description

Purpose of the Job:


The Analyst:
Corporate Actuarial is responsible to support the Manager to manage and provide actuarial service advice to the organisation.


Qualifications and Experience

  • Bachelor's Degree/ Advanced Diploma in Actuarial Science/Mathematics related qualification.
  • Relevant 4 years experience in an Actuarial environment.

Key Performance Areas

Valuation of outstanding claims provisions

  • Assist in valuation of outstanding claims provisions.
  • Assist with producing the valuation report.

Development and management of Funding Model

  • Assist development and management of Funding Model.
  • Data manipulation to state of quotation of loss of earnings or loss of support benefits especially the model input.
  • Running model and reporting on results.

Accident data management and forecasting

  • Assist in accident data capturing, analysis and reporting from different sources.
  • Assist in developing models to forecast the number of accidents
  • Assist in producing the accident forecasting report

Loss of income calculations

  • Assisting with calculations and checking the quotation results actuarially for reasonability

Assist with monthly claims statistics for regions and management

  • Extracting data and data reports from IT claim system(s).
  • Assist with report compilations as and when required

Assist with Actuarial reports to FSB

  • Assist with FSB Actuarial reports.
  • Assist management with calculations.

Actuarial investigations

  • Assist with investigating the mortality and morbidity experience to help in setting the quotation of loss of earnings and loss of support benefits, statistical and regression analysis.
  • Calculate reinsurance recoveries based on treaty terms

Reporting

  • Ensure regular and periodic reports are sent to the Senior Analyst for review and submitted as and when required to provide progress updates and/or inform management decisions.
  • Maintenance and storage of proposals, briefings, presentations, reports, and other documentation and providing management information both verbally and in report format.

Stakeholder Management

  • Assist with maintaining proactive and progressive relationships with key Stakeholders
  • Aid in the maintenance of relationships with vendors, service providers or procurement teams and ensure that all relevant procured items are invoiced and paid on time.
  • Assist with presentation of data findings in an easytoread and understood format.

Continuous improvement & innovation

  • Research industry best practice/innovations and identify where technology can be utilised in systems and processes
  • Understand job specific tasks and their requirements.

Technical, Managerial, and behavioral competencies required

  • Planning, Organising and Coordinating
  • Personal Mastery
  • Judgement and Decision Making
  • Ethics and Values
  • Client Service Orientation
  • Excellent verbal and written communication skills.
  • Strong Microsoft Excel, Access and MS Word skills.
  • Complex problem identification, solving and decision making.
  • Sound actuarial judgment.
  • Strong technical background in reserving/valuations.
  • Independent and creative analysis of business results
  • Excellent analytical, problem solving & data manipulation skills.

Job Type:
Permanent


Salary:
R R20.00 per month


Ability to commute/relocate:

  • Pretoria, Gauteng: Reliably commute or planning to relocate before starting work (required)

Education:


  • Bachelors (required)

Experience:


  • Actuarial environment: 4 years (required)
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