The role holder will be responsible to oversee team to perform routine Reserving or Capital tasks as assigned requiring minimal direct supervision; performs more complex analyses.

Detailed description

The successful candidate will be responsible for the following key performance areas:

General

• Provide actuarial services with minimal supervision.
• Coordinate work tasks.
• Provide guidance to members of the team.
• Perform more complex analyses.
• Demonstrate increasing knowledge of relevant actuarial disciplines and procedures to be able to provide first class service to internal customers.
• Actively pursue actuarial qualification and demonstrate consistent progress toward designation.

Reserving Specific

• Under general direction, support reserving, reinsurance analysis, or market-facing business units in support of business objectives, and annual IFRS audit.
• Support finance, market-facing business units, claims, risk, capital management, and other functions on reserving, and strategic business decisions.

Capital Specific

• Under general direction, support capital modelling, data quality, regulatory returns and audits.
• With appropriate review and guidance from Manager, coordinate, prepare and perform actuarial analyses including collection of information from various stakeholders across the business.

Business Support Specific

• Support actuarial services related to Risk Based Capital model development, parameterisation and allocation activities.
• Perform data analytics and/or reinsurance analysis.

Relationships

Internal

• Actuarial business partners
• Underwriting
• Claims
• Finance (FAR and PPM)
• Senior management/executives

External

• Head Actuarial Function
• Auditors (external and internal)
• Underwriting management agency (UMA) partners
• Network of contacts within the actuarial profession

Job requirements

To be considered for this position, candidates must be in possession of:

• University degree in actuarial science, statistics, mathematics or a related field.
• Good progress with exams, displaying strong technical knowledge.
• Three to seven years of experience in an actuarial environment.
• Self-motivation and drive.
• Professional, enthusiastic and positive attitude.
• Able to meet deadlines and work under pressure.

Additional requirements include:

• Strong knowledge of actuarial professional guidance and relevant legislation.
• Strong knowledge of finance and accounting practices, financial analysis, and reporting; ability to apply this knowledge appropriately to diverse situations.
• Strong knowledge of the insurance industry’s trends, directions, major issues, regulatory considerations and trendsetters.

The following would be an added advantage:

• Technical Skills
• Proficiency in English with a preference for proficiency in at least one other language.
• Effective intermediate oral and written communication, presentation and interpersonal skills.
• Advanced knowledge of and ability to use spreadsheet software.