Job Description: Junior Actuarial Manager The Junior Actuarial Manager is responsible for managing a team of Actuarial Analysts to support business goals by effectively modeling and monitoring actuarial solutions.
This role involves overseeing all short-term insurance brands, products, and distribution channels.
Key Responsibilities: Business Requirements Identification: Elicit and document complex business requirements using various methods, such as interviews and workshops, while analyzing root causes and developing solutions that align with business objectives.
Stakeholder Engagement: Collaborate with internal and external stakeholders to understand their needs, communicate project progress, and ensure timely delivery of analyses.
Actuarial Modeling: Develop, maintain, and implement actuarial models and processes that accurately estimate business realities, ensuring models are well-documented and regularly monitored for performance.
Data Collection & Analysis: Utilize diverse data sources to analyze key business themes, extract and verify data for actuarial models, and ensure alignment with credible data sources.
Model Deployment and Testing: Plan and execute systems changes, engage with users for requirements, conduct impact and sensitivity analyses, and maintain documentation for model deployment.
Insights and Reporting: Design and create reporting strategies, lead the execution of complex reports, and communicate actionable insights to stakeholders.
Leadership and Direction: Motivate the team to implement the actuarial strategy, ensure accountability for performance objectives, and manage talent development and succession planning.
Improvement and Innovation: Identify shortcomings in existing practices, suggest improvements, and stay updated with industry developments to proactively develop solutions.
Operational Compliance: Monitor compliance with organizational and regulatory standards, maintaining professionalism in accordance with the Actuarial Society of South Africa.
Building Capability: Mentor and coach staff to enhance their technical and professional skills, ensuring continuous development in data analysis and modeling techniques.
Behavioral Competencies: The ideal candidate demonstrates strong action orientation, effective communication skills, resilience, business insight, and the ability to manage complexity and ambiguity.
They foster collaboration, ensure accountability, and actively develop talent within their team.
Skills and Qualifications: Education: Bachelors or Honours degree in Actuarial Science or a related field; progress towards Actuarial qualification is essential.
Experience: Minimum of 4 years of actuarial experience in a short-term insurance environment; at least 13 years of managerial experience in resource planning and management.
This role offers an exciting opportunity for a motivated individual to make a significant impact in the actuarial field while leading a dedicated team toward achieving business objectives.