Job Description
Responsibilities:
Managing projects, producing reports, performing reviews and analysing results in all areas of short-term actuarial services.
Reviewing technical provisions – IBNR, UPR, AURR, including stochastic risk adjustment calculations in R/Python.
Assisting clients with their IFRS 17 reporting requirements.
Providing HAF support.
Capital modelling, including reviews of economic capital models, building challenger models, and quantitative validation of the SAM/RBC standard formula.
Reinsurance reviews and stochastic optimisation, including geospatial modelling.
Product pricing and design, including reviews, working with GLMs, GAMs, etc.
Projection models for ORSA/FCR and business plans.
Providing technical advice to General Insurance clients.
Ensuring that reports include insight/value-add for clients.
Supporting the Associate Directors.
Performing market studies and research.
Maintaining and improving client relationships
Requirements:
Bachelors degree in actuarial science, Statistics, Mathematics, etc.
At least seven years experience in General Insurance, pricing or reserving and capital modelling.
Qualified or near qualified actuary.
Experience in managing projects and people (advantageous).
Experience with SAM, ORSAs, valuations and solvency calculations will be beneficial.
Strong proficiency in statistical modelling techniques and programming languages such as R, would be advantageous.
Strong work ethic and highly motivated.
Effective communication and
How to Apply
Click the green “Go Apply” button below to apply directly online with the employer.
About Other IT/Computer Jobs in Gauteng
The IT and computer industry is one of the most dynamic and growing sectors in Gauteng, with a thriving job market that offers a wide range of opportunities for career advancement.
In terms of salary ranges, IT professionals in Gauteng can expect to earn anywhere from R800 000 per annum for junior positions to over R2 million for senior executives. The average salary for software engineers is around R1.5 million, while data analysts can earn between R900 000 and R1.2 million. With experience and skills, IT professionals in Gauteng can expect significant salary increases, with some roles offering bonuses and benefits that can increase their overall remuneration.
To succeed in the IT industry in Gauteng, candidates need to possess a range of key skills, including programming languages such as Java, Python, and C++, as well as experience with databases, cloud computing, and cybersecurity. Strong problem-solving skills, attention to detail, and excellent communication skills are also essential for success in this field. Additionally, knowledge of ITIL (Information Technology Infrastructure Library) and Agile methodologies can be highly valued by employers.
Several major companies and industries in Gauteng are currently hiring IT professionals, including technology firms such as Microsoft, IBM, and Oracle, as well as banks and financial institutions like Standard Bank and Nedbank. The finance industry is also a significant employer of IT staff, with roles ranging from software development to data analytics and cybersecurity.
Career growth opportunities are abundant in the IT industry in Gauteng, with many companies investing heavily in employee training and development programs. With experience and skills, IT professionals can move into senior leadership positions or start their own businesses, while also pursuing further education and certifications. The Johannesburg Stock Exchange (JSE) is also a significant employer of IT staff, with roles ranging from software development to data analytics and cybersecurity.
Overall, the IT industry in Gauteng offers a wide range of exciting career opportunities for job seekers with the right skills and experience. With salaries that are competitive with those offered by major companies globally, there has never been a better time to pursue a career in this dynamic and rapidly evolving field.
This information provides general career guidance. Actual salaries and requirements vary by employer.
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