Actuarial Analyst

SUMMARY:
Actuarial Anaylst

POSITION INFO:

Actuarial Analyst

Cape Town

Pricing of reinsurance contracts.

• The assessment of reserves and interpreting / assessing the development of loss patterns
• A high-level audit of territories in which re operates, that is to say to visit and engage with clients to serve as additional eyes that we are not missing anything
• To provide statistical and exposure analysis of the portfolio, as well as its Underwriting managers, so that the Buying Unit can purchase the most cost effective reinsurance protection.
• To be constantly assessing what tools, disciplines can we deploy that will enhance our efficiency of operation, speed of performance and add value to our business proposition.

• Develop dynamic financial analysis models in ReMetrica to optimise reinsurance structures.
• Identify any potential shortfalls in the reinsurance covers of insurance investments.
• Benchmarking of reinsurance treaty terms against peer treaties.
• Assistance with actuarial analysis and pricing of inward reinsurance treaties as and when required.
• Identify reinsurance opportunities.
• Modelling of our reserves and monitoring their sufficiency.

• Actuarial , Statistical or Mathematical degree
• At least 3 years’ experience preferably in short-term actuarial work within the Financial Services Industry.

• Proficiency in MS Word , MS Excel, MS Access, VB, or other data analytical tools
• Experience in dynamic financial analysis software such as ReMetrica will be beneficial.
• Excellent report writing and presentation skills
• High numerical with strong logical/analytical ability
• Self-starter – this person MUST be able to work on their own and look out for work and how to tackle new problems
• Attention to detail
• Problem solving

Knowledge of reinsurance and pricing of reinsurance treaties 

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