Senior Actuarial Analyst

Job Description: Senior Actuarial Analyst The Senior Actuarial Analyst will play a crucial role in providing actuarial technical support while mentoring junior analysts within the actuarial team. This position involves utilizing actuarial models to identify, model, and monitor business challenges, delivering effective solutions that drive organizational success. Key Responsibilities: Model Deployment and Testing: Plan and execute system changes, engaging with users to identify requirements and designing solutions. Conduct impact and sensitivity analyses to inform decision-making regarding pricing changes and profitability. Implement monitoring processes to measure model performance effectively. Actuarial Modeling: Develop, maintain, and implement actuarial models that accurately estimate reality. Ensure all models are thoroughly documented, including their scope, definitions, data, and assumptions, to maintain transparency for external stakeholders. Improvement and Innovation: Identify inefficiencies in existing practices and propose improvements. Stay updated on business developments to proactively develop solutions. Engage in continuous research to enhance actuarial techniques and share insights with the team. Business Requirements Identification: Contribute to the product development and pricing framework. Manage key business metrics such as new business value and profit by product line, ensuring clear documentation of business requirements. Stakeholder Engagement: Collaborate with internal and external stakeholders to provide updates on project outcomes. Maintain measurable service levels on business requests and address business issues observed. Data Collection and Analysis: Utilize diverse data sources to analyze key themes impacting the business. Verify data used in actuarial models and reconcile it against credible sources to ensure accuracy. Insights and Reporting: Prepare and coordinate various data and analytics reports. Present insights and recommendations to stakeholders, ensuring regular validation against credible data sources. Operational Compliance: Maintain a comprehensive understanding of organizational policies, procedures, and relevant regulatory codes. Report and resolve patterns of non-compliance within the team. Building Capability: Mentor and coach staff on technical and professional matters, enhancing their capacity to automate processes and improve overall team performance. Performance Management: Monitor team performance, allocate work, and ensure timely and quality completion of tasks. Contribute to formal performance management and appraisal processes. Desired Skills and Competencies: Strong analytical and numerical skills Excellent communication and collaboration abilities Ability to manage complexity and ambiguity Proficiency in actuarial modeling and financial analysis Action-oriented with a focus on continuous improvement Capacity to mentor and develop junior team members This position is ideal for a proactive and detail-oriented individual looking to advance their career in the actuarial field, contributing to innovative solutions in the financial services sector.

Location: Johannesburg, ZA

Posted Date: 11/3/2024