Job Description
Key Tasks & Accountabilities
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 local 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.
With appropriate review and guidance from Management coordinate, prepare, and perform actuarial analyses including and premium projections, consultation on actuarial models, and risk based capital issues.
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
Qualifications & Experience
University degree in actuarial science, statistics, mathematics, or a related field.
Qualified or nearly qualified actuary with strong technical knowledge.
Experience
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
Knowledge
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.
Strong knowledge, insight, and understanding of business concepts, tools, and processes that are needed for making sound decisions in the context of the company’s business; ability to apply this knowledge appropriately to diverse situations.
Strong knowledge of practices and policies governing disclosure of information about the organization, its business activities, and employees; ability to apply this knowledge appropriately to diverse situations.
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.
Advanced knowledge of statistical and actuarial tools and techniques and ability to apply modelling processes and techniques to facilitate risk management decisions.
Advanced knowledge of techniques and tools that promote effective analysis and the ability to determine the root cause of organizational problems and create alternative solutions that resolve the problems in the best interest of the business
Send your CV and latest pay slip to .za
ATripleA Recruitment and Temps
.za
# ATripleA # recruitment # vacancy # Corporate# Actuarial# Manager
About Other Insurance Jobs in Gauteng
The Other Insurance (OI) industry is a significant sector in Gauteng, South Africa, offering a range of career opportunities for professionals with the right skills and experience. Typically, OI roles are in demand across various industries, including financial services, technology, and manufacturing, as companies seek to manage and mitigate risks associated with their operations.
Generally, OI specialists in Gauteng can expect salaries that vary widely depending on factors such as level of experience, company size, and industry sector. While broad salary ranges cannot be provided due to the variable nature of these factors, it is common for experienced OI professionals to earn between R600 000 and R1 200 000 per annum, while entry-level roles may start at around R300 000 to R500 000 per annum. However, salaries can fluctuate depending on individual circumstances.
Common skills required for OI roles in Gauteng include expertise in financial management, risk analysis, data interpretation, communication, and project management. Other essential skills often include proficiency in insurance software, analytical thinking, problem-solving, and the ability to work under pressure. Many OI professionals also hold relevant certifications or degrees in fields such as actuarial science, business administration, or economics.
The financial services sector is a significant employer of OI professionals in Gauteng, with other industries such as technology and manufacturing also commonly hiring for these roles. Other sectors that may employ OI specialists include healthcare, construction, and logistics. In terms of career development, many OI professionals in Gauteng progress to senior roles within their current organisations or move into related fields such as risk management, auditing, or claims handling.
For those seeking a career in OI, it is essential to develop a broad range of skills and experience, often through formal education and training. Many OI professionals in Gauteng have pursued certifications such as the Fellow of the Institute of Actuaries (FIA) or the Chartered Insurance Practitioner (CIP). Building strong relationships with clients, colleagues, and stakeholders is also crucial for success in this field.
This information provides general career guidance. Actual salaries and requirements vary by employer.
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