Job Description
The role holder will be responsible to oversee a team and to perform routine Reserving or Capital tasks as assigned, requiring minimal direct supervision and to perform more complex analyses.
Key Performance Areas:
General
• Provide actuarial services with minimal supervision
• Coordinate work tasks
• Provide guidance to members of the team
• Preform more complex analyses
• Demonstrate increasing knowledge of relevant actuarial disciplines and procedures to be able to provide first class service to international clients
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 any premium projections, consultations on actuarial models, and risk-based capital issues
• Support financial, market facing business units, claims, risks, 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 management, 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
Minimum requirements:
• University degree in actuarial science, statistics, mathematics, or a related field
• 3 to 7 years of experience in an actuarial environment
• Self-motivation and drive
• Professional, enthusiastic, and positive attitude
• Able to meet deadlines and work under pressure
• Strong knowledge of actuarial professional guidance and relevant legislation
• Strong knowledge of financial and accounting practices, financial analysis, and reporting
• Knowledge of the insurance industry trends, directions, major issues, regulatory considerations, and trendsetters
• 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
• Knowledge of practices and policies governing disclosure of information about the organisation
• Proficiency in English with a preference for proficiency in at least one other language
About Other IT/Computer Jobs in South Africa
In South Africa, the IT and computer industry is a significant contributor to the country’s economy, with a diverse range of job opportunities available across various sectors. Typically, these roles involve working with technology to drive business growth, improve efficiency, and enhance customer experience. Generally, careers in this field require a strong understanding of technical concepts and a willingness to adapt to changing technologies.
When it comes to salary expectations, it’s common for IT and computer professionals in South Africa to earn broad ranges that can vary significantly depending on factors such as experience, company size, and industry sector. Typically, entry-level positions may offer salaries between R400 000 and R600 000 per annum, while more senior roles can command higher figures, often ranging from R800 000 to R2 million or more, depending on the specific requirements of the job.
Common skills for IT and computer professionals in South Africa typically include proficiency in programming languages such as Java, Python, or C++, as well as experience with operating systems like Windows, Linux, or macOS. Data analysis and visualisation tools like Tableau, Power BI, or D3.js are also often required, particularly in roles involving data science or business intelligence. Additionally, IT professionals should be familiar with cloud computing platforms like AWS, Azure, or Google Cloud, as well as cybersecurity principles to protect against threats. Other essential skills may include project management, collaboration tools like Slack or Trello, and a solid understanding of database management systems.
Industries that commonly employ IT and computer professionals in South Africa include the financial services sector, technology industry, manufacturing sector, and public sector organisations. These sectors often require specialists to design, implement, and maintain complex technological systems, ensuring they operate efficiently and securely.
Career development opportunities for IT and computer professionals in South Africa are diverse and varied. Typically, entry-level roles provide a solid foundation for progression into mid-tier positions, where professionals can take on more senior responsibilities and develop their technical expertise. With experience, it’s common to move into leadership roles or transition into related fields like data science, artificial intelligence, or cybersecurity. Many companies also offer opportunities for training, certification, and continuing education to support the ongoing development of their employees’ skills and knowledge.
This information provides general career guidance. Actual salaries and requirements vary by employer.
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