Senior Actuarial Specialist - Group Risk Pricing

Details of the offer

Let's Write Africa's Story Together!Old Mutual is a firm believer in the African opportunity and our diverse talent reflects this.Job DescriptionQualifications and Experience requiredActuarial student making good progress with actuarial exams (exceptional candidates who don't meet this requirement may be considered)Exposure to group risk products or group risk pricing roles would be a distinct advantageAt least 3 years' actuarial work experienceStrong analytical and technical skillsStrong VBA and excel skillsIntermediate Power BI skillsIntermediate R/Python skillsStrong problem-solving abilityStrong business acumenAbility to complete tasks and projects within agreed timelines with limited guidanceGood communication skills and have the ability to work across teams and to interact and collaborate effectively with various stakeholdersAbility to think differently in developing client-centric solutionsResponsibilitiesAnalyze, interpret, and present data ensuring the completeness, accuracy, and appropriateness of all insurance data used in order to contribute to the production of actuarial analyses, assumptions, and insights.Contribute to the evaluation of funding contributions, like employee benefit schemes, and to the development of recommendations for future funding contribution levels.Develop and maintain actuarial models, ensuring that the underlying structure of the actuarial assumptions are fully validated and that the models can be integrated into wider business models to enable actuarial analysis, financial reporting, and regulatory compliance.Develop proposals for new product features and benefits and for the improvement and management of existing products that create competitive advantage, that are viable in relation to the organization's risk appetite and financial objectives, and that meet regulatory requirements.Ensure the organization is not exposed to undue risks by using risk, financial management and control systems to achieve specific goals within a designated area of the business.Produce complex actuarial financial information, ensuring the accurate completion of delegated elements of the process to contribute to the production of statutory and non-statutory reports and other disclosures.Maintain and renew a deep knowledge and understanding of the organization's policies and procedures and of relevant regulatory codes and codes of conduct, and ensure own work adheres to required standards.Identify shortcomings in existing processes, systems, and procedures, and use established change management programs to address them.SkillsAnalytical ThinkingComputer LiteracyData CompilationData ControlsExecuting PlansInformation ManagementInsurance Product ManagementInsurance SalesLegal PracticesMarket AnalysisNumerical AptitudeRisk ManagementCompetenciesBalances StakeholdersBuilds NetworksBusiness InsightCollaboratesCommunicates EffectivelyCultivates InnovationDecision QualityDrives ResultsEducationNQF Level 7 - Degree, Advance Diploma or Postgraduate Certificate or equivalentClosing Date30 January 2025 , 23:59Old Mutual Limited is pro-vaccination and encourages its workforce to be fully vaccinated against Covid-19.All prospective employees are required to disclose their vaccination status as part of the recruitment process.
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