Actuarial Analyst - Johannesburg - One Spark

    One Spark
    One Spark Johannesburg

    3 days ago

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    Description

    Purpose of the Role:

    At Dis-Chem Life, we are driven by a bold mission to create groundbreaking products, technology, and solutions that wow our customers and push the world forward. This role positions you at the forefront of this transformation, shaping the future of life insurance and driving innovation that has never been seen before.

    This role is more than just applying actuarial expertise its about leading the charge in developing world-first products that challenge industry norms. You will leverage advanced actuarial models, predictive analytics, and data-driven insights to create solutions that push the boundaries of affordability, sustainability, and accessibility.

    As an actuary, you are driven by solving complex problems and creating meaningful change. Within this role you will do just that, collaborating with the country's top actuaries to craft innovative products that disrupt the life insurance industry.

    You won't just be part of the future of life insurance you will create it. Your work will directly impact our mission, shaping an industry and defining legacy while making a lasting difference in the lives of our customers.

    Role Summary:

    As our Actuarial Analyst at Dis-Chem Life, you will play a pivotal role in designing and developing groundbreaking life insurance products that set new industry standards. Leveraging your actuarial expertise, you will assess and manage risk, create innovative pricing models, and ensure our products are both sustainable and customer-centric.

    You will collaborate with cross-functional teams to ensure that products meet regulatory requirements while aligning with our mission to deliver high-value, affordable solutions. Your responsibilities will include developing product structures, setting pricing strategies, and creating financial models to assess and manage risk. You will actively identify and mitigate risks, ensuring our products are viable, competitive, and meet the evolving needs of customers.

    This role goes beyond technical expertise its an opportunity to shape the future of life insurance. By partnering with Dis-Chem Life, you'll help pioneer innovative products that exceed customer expectations and redefine the life insurance landscape. Your work will directly impact the company's mission, helping to deliver cutting-edge solutions that not only meet but surpass industry standards.

    Key Responsibilities:

    • Product Development & Strategy:
      • Design and enhance life insurance products aligned with Dis-Chem Life's goals.
      • Collaborate with Marketing, Operations, and Sales to ensure competitiveness and compliance.
      • Provide actuarial insights for sustainable and market-aligned product structures.
    • Pricing & Risk Management:
      • Develop and refine pricing models for competitive and sustainable products.
      • Adjust pricing based on market trends, performance, and risk appetite.
      • Assess and manage underwriting, mortality, and morbidity risks.
      • Support risk management frameworks and mitigation strategies.
    • Actuarial Analysis & Reporting:
      • Conduct actuarial analysis (reserving, profitability modelling, claims projections).
      • Provide actionable reports for senior management.
      • Maintain transparent documentation of actuarial assumptions and models.
    • Compliance & Industry Standards:
      • Ensure actuarial models meet regulatory requirements.
      • Update assumptions based on market trends and regulatory changes.
      • Support underwriting policy alignment with industry standards.
    • Statistical & Economic Modelling:
      • Use predictive and economic modelling for mortality, morbidity, and claims forecasting.
      • Analyse economic trends and recommend model adjustments.
    • Collaboration & Professional Development:
      • Work closely with key teams to integrate actuarial insights into business strategies.
      • Continuously develop expertise in actuarial science, industry trends, and emerging technologies.
    • Innovation & Process Improvement:
      • Enhance actuarial processes and models for efficiency and accuracy.
      • Support innovation through actuarial insights to drive competitive advantage.

    Benefits:

    • Ability to work on groundbreaking projects with some of the largest data sets in the country and with leading pioneers in AI and data-driven insurance techniques.
    • Flexible working hours with remote or hybrid work options.
    • Opportunities for personal growth and professional development, including access to cutting-edge technologies.
    • A collaborative and inclusive environment that values your contribution and provides space for personal growth.
    • The chance to work on high-impact projects that shape the future of life insurance in South Africa.
    • Financial backing to complete relevant actuarial exams, professional certifications, and associated fees to support your career development and progression (subject to Dis-Chem Life's internal policies).
    • Generous Study Leave.
    • Competitive Salary.
    • Visionary Leadership.

    Requirements:

    • Between 1-3 years of experience in actuarial roles, with a focus on life insurance or related financial services sectors.
    • Experience with pricing, reserving, and risk management specific to life insurance is highly preferred.
    • Experience using actuarial software for modelling and financial analysis.
    • Nearly/Newly Qualified Actuary.

    Qualifications:

    • A Bachelor's degree in Actuarial Science, Mathematics, Statistics, Economics, or a related field.
    • Good progress towards Actuarial exams and certification (ASSA, SOA, IFoA, or equivalent).
    • Ongoing development towards actuarial certification.
    • Accredited with ASSA, or equivalent professional actuarial body.


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