Senior Actuarial Analyst

SUMMARY:
Senior Actuarial Analyst

POSITION INFO:

SENIOR ACTUARIAL ANALYST

Sandton

Provide actuarial technical support and coach/mentor junior analysts within the

STI Actuarial team. Use statistical models to analyse data and calculate the

probability of and costs associated with certain events.

Business Requirements Identification

Analyse business requirements and to identify root cause rather than reacting to

symptoms.

Stakeholder Engagement

Collaborate with internal (Actuarial) and external (Business) stakeholders. Keep

stakeholders informed and up to date with project/analysis delivery and provide

clear and concise feedback to stakeholders.

Data Collection & Analysis

Use data from a wide range of sources to analyse key themes and identify

possible impacts on the business.

Actuarial Modeling

Develop, maintain and implement actuarial models and processes. Models to be

fit for purpose and able to estimate the reality accurately.

Model deployment and testing

Effective impact and sensitivity analysis to be performed before any deployment

is done.

Translate results from the impact/sensitivity analysis to Business, to provide

insight and what various pricing changes will mean to profitability and policy

growth within all brands and distribution channels.

Maintain and develop documentation on model/pricing

Insights and Reporting

Translate the monitoring results so they can be understood by Business.

Provide an ecosystem where data and data analysis is nimble and easy to

access by any team member.

Provide insights from monitoring to inform the Business of future modelling

endeavours.

Review of results on a regular basis and ready to be presented to the Actuarial

Management level.

Improvement / Innovation

Review existing operations in own area of work and implement innovation

processes to generate new ideas and ensure continuous improvements are

delivered.

Leadership and Direction

Explain the local action plan to support team members in their understanding of

what needs to be done and and how this relates to the broader business plan

and the organisation''s strategy, mission and vision; motivate people to achieve

local business goals.

Performance Management

Operational Compliance

Identify, within the team, instances of non-compliance with the organisation/

actuarial policies and procedures and/

or relevant regulatory codes and codes of conduct, reporting these and

escalating issues appropriately.

Maintain standards of integrity and professionalism as set out by the Actuarial

Society of South Africa.

EXPERIENCE

Data mining

Data Management

Minimum Requirements

Bachelors / Honours degree in Actuarial Science or similar (Essential); Qualified

or making good progression toward Actuarial qualification (Essential)

2 or more years actuarial experience within a Short-Term insurance environment

(Essential)

Managerial Experience

1 or more years experience in general supervision of more junior colleagues e9.4t

(Essential)

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