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JUNIOR ACTUARIAL MANAGER - 369782
JUNIOR ACTUARIAL MANAGER
Accounting / Auditing / Banking / Finance / Insurance
Wage / Salary:
R - Market Related - P/M (Per Month)
JUNIOR ACTUARIAL MANAGER
JOB PURPOSE Manage a team of Actuarial Analysts that support the Business goals as set out by senior management by effectively modelling and monitoring business
Actuarial solutions. This team will care take all short term brands, products
and distribution channels.
Business Requirements Identification
Elicit complex business requirements using a variety of methods such as
interviews, document analysis, workshops, and workflow analysis to express the
requirements in terms of target user roles and goals.
The effective management of pricing development, deployment and monitoring
over all STI brands, products, and distribution channels. Responsible for the
management of key business metrics.
Identify, manage and collaborate with internal (Actuarial) and external
Translate business objectives into clearly defined business cases, costs, and
schedules to support growth in the business.
Develop, maintain and implement actuarial models and processes. Models need
to be fit for purpose and able to estimate the reality accurately. Models (and any
form of estimation) to clearly documented with the scope of use, definitions,
data, and assumptions made.
Data Collection & Analysis
Use data from a wide range of sources to analyze key themes and identify
possible impacts on the business.
Extract and verify data used for actuarial models.
Data/information to be reconciled against credible data sources (for example
financials) to ensure the data is complete and accurate. Ensure definitions and
assumptions are aligned to the problem statement.
Model deployment and testing
Effective impact and sensitivity analysis to be performed before any deployment
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 and clearly state what
needs to be deployed and how testing will be done to ensure the deployment is
Ensure monitoring process are in place to measure the performance of the
Insights and Reporting
Contribute to the design and creation of reporting strategies and templates.
Lead execution of complex reports, identifying and interpreting complex patterns
and trends, and translating those insights into actionable recommendations.
Create, present, and communicate high-impact data and analytics insights and
recommendations to critical internal and external stakeholders.
Leadership and Direction
Communicate the actions needed to implement the function's strategy and
business plan within the team
Manage and report on the performance of a substantial, diverse team; set
appropriate performance objectives for direct reports or project / account team
Improvement / Innovation
Identify shortcomings in existing business practices
Monitor and review performance and behaviors within area of responsibility to
identify and resolve non-compliance with the organization/actuarial profession
policies and relevant regulatory codes and codes of conduct. Maintain standards
of integrity and professionalism as set out by the Actuarial Society of South
Support business processes with comprehensive understanding and effective
use of standard office equipment and standard software packages, while also
providing guidance and training to others.
Actuarial and statistical software; Advanced Microsoft Office..
Use comprehensive knowledge and guide and train others to develop financial
and economic models for planning and monitoring purposes.
Data Collection and analysis
Desired Experience & Qualification
Bachelors / Honours degree in Actuarial Science or similar (Essential); Qualified
or making good progression toward Actuarial qualification (Essential)
4 or more years actuarial experience within a Short-Term insurance environment
1 - 3 years experience of planning and managing resources to deliver
predetermined objectives as specified by more senior managers (Essential)
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