Senior Actuarial Analyst - Johannesburg - The Recruitment Council

    The Recruitment Council
    The Recruitment Council Johannesburg

    4 days ago

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    Description

    Job Summary

    A Senior Actuarial Analyst plays a crucial role in providing actuarial technical support and mentoring junior analysts within the actuarial team.

    Key Responsibilities:

    • Model Deployment and Testing: Plan system changes, engage with users to identify requirements, and design solutions. Conduct impact and sensitivity analyses for pricing changes and profitability. Implement monitoring processes to measure model performance effectively.

    • Actuarial Modeling: Develop, maintain, and implement actuarial models that accurately estimate reality. Ensure all models are thoroughly documented, including scope, definitions, data, and assumptions.

    • Improvement and Innovation: Identify inefficiencies in existing practices and propose improvements. Stay updated on business developments to proactively develop solutions. Engage in continuous research to enhance actuarial techniques.

    • Business Requirements Identification: Contribute to product development and pricing framework. Manage key business metrics such as new business value and profit by product line.

    • Stakeholder Engagement: Collaborate with internal and external stakeholders to provide project updates. Maintain measurable service levels on business requests.

    • Data Collection and Analysis: Utilize diverse data sources to analyze key themes impacting the business. Verify data used in actuarial models against credible sources.

    • Insights and Reporting: Prepare and coordinate various data and analytics reports. Present insights and recommendations to stakeholders.

    • Operational Compliance: Maintain a comprehensive understanding of organizational policies, procedures, and relevant regulatory codes. Report and resolve patterns of non-compliance.

    • Building Capability: Mentor and coach staff on technical and professional matters. Enhance their capacity to automate processes and improve team performance.

    • Performance Management: Monitor team performance, allocate work, and ensure timely completion of tasks.

    Desired Skills and Competencies:

    • Strong analytical and numerical skills
    • Excellent communication and collaboration abilities
    • Ability to manage complexity and ambiguity
    • Proficiency in actuarial modeling and financial analysis
    • Action-oriented with a focus on continuous improvement
    • Capacity to mentor and develop junior team members


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Senior actuarial analyst