Actuarial Analyst

Key Purpose

• The primary focus would be, from a systems and actuarial point of view, to investigate and resolve issues encountered on Discovery systems, ensuring that the product and business rules are adhered to, and continuously improving and optimising processess. This position is crucial in ensuring that the existing products are functioning at a level that meets policyholder expectations, and that the integrity of the products remain intact. The role is unique as it acts as a bridge between the purely actuarial product development teams and the physical implementation on the system. It contributes a unique combination of actuarial and IT skills to the product development team. A major part of this role is to balance the pressures of client expectations with the defined product rules, and to coordinate a resolution from an actuarial, and a systems perspective.

Areas of responsibility may include but not limited to

• Resolving defects and inconsistencies in product functions
• Balance the needs and expectations of the client, with intended product rules
• Identify and investigate root causes of recurring defects
• Develop automated tools for calculations and values checking
• Monitor the implementation of products and benefits
• Test and validate new products and benefits and their implementation on the system
• Inform and assist non-technical teams on product rules and issues
• Provide expertise and guidance on specific product workings to management, and other actuarial teams

Education and Experience

Essential:

• Matric with Mathematics
• Bachelor of Science (BSc), Bachelor of Business Science (BBusSc) or equivalent degree in Actuarial Science

Advantageous:

• Computer science experience
• At least 1 years of working experience as an Actuarial Analyst within the Life Insurance industry
• A311 exam passed or exemption obtained

Technical Skills and Knowledge

Essential:

• Intermediate proficiency in MS Excel
• Knowledge on Data Analysis
• Intermediate IT and coding skills
• Strong mathematical, statistical, and analytical skills
• Strong interpersonal and communication skills
• Take initiative and learn quickly, while being adaptable

Advantageous:

• Knowledge of the Life Insurance market.
• Experience in working with Databases (SQL)
• Experience in Actuarial Modelling, Problem Solving, Data Analysis and information science