Our Client in the Financial sector is seeking a Senior Actuary: Team Leader to join their dynamic team:
Minimum Requirements:
- Degree in Actuarial Sciences, Statistical Analysis, Mathematics, or a related field.
- Qualified Actuary (FASSA/FIA/etc.).
- Knowledge of actuarial modeling, product pricing, and statistical analysis techniques.
- 3 - 5 years experience in a product owner/manager role.
Advantageous Experience
- Risk Agility/Prophet.
- Software Development Life Cycle (SDLC).
- VBA.
- SQL.
Competencies Required
- Passion to make a difference in the lives of people in the low to middle-income markets.
- Ability to extract insights from data analyses.
- High degree of self-motivation and ability to work independently.
- Self-managing.
- Strong written and verbal communication skills.
- Naturally inquisitive mindset with a strong innovative tendency.
- Ability to function in a multi-disciplinary team environment, including Marketing, Product & Solutions, IT, and Client Insights.
Responsibilities:
INTERNAL PROCESS
- Analyse product and client-related data from various sources to identify potential product experience irregularities, ensuring the accuracy of insights and analysis.
- Analyse competitor products and international trends to provide insights for developing and maintaining competitive end-to-end solutions.
- Review experience investigations, modeling, and data analysis to design and price solutions, and monitor experience on existing products.
- Prepare product health reports and present product profitability and insights derived from analyses to support decision-making and inform appropriate actions.
- Make recommendations and drive implementation to improve product performance, and client service, and promote fair treatment of clients.
- Develop and maintain pricing models and bases, reviewing results and ensuring that parameters used are accurate and validated.
- Identify solutions to enhance cost-effectiveness and increase operational efficiency of solutions.
- Ensure compliance with practices and timelines by developing metrics to monitor delivery against set objectives.
CLIENT
- Provide expertise and advice on technical/actuarial product matters to clients and stakeholders.
- Build and maintain collaborative working relationships with various internal and external stakeholders, such as solution peers, IT, sales/distribution, legal, servicing, and valuations.
- Contribute to the process of negotiating objective and realistic performance targets, monitor appropriateness, and recommend adjustments.
- Deliver on service level agreements made with stakeholders to ensure that client expectations are managed.
- Make recommendations to improve client service and fair treatment of clients within the area of responsibility.
- Provide input into the risk identification processes and communicate recommendations in the appropriate forum.
PEOPLE
- Participate and contribute to a culture that builds collaborative relationships, encourages innovation, facilitates feedback, and provides exceptional client service.
- Demonstrate exemplary leadership behavior through personal involvement, commitment, and dedication in support of organizational values.
- Select and recruit suitably qualified talent in line with Employment Equity principles and MMI values.
- Drive a culture that guides and directs best practices, fostering an environment of continuous learning, improvement, and cohesiveness.
- Identify employee growth and development needs and enable their ongoing development, training, and personal growth.
- Effectively manage performance within the team to ensure business objectives are achieved.
- Ensure technical product and legislative knowledge are always current to propose the most relevant and innovative client solutions and comply with governance requirements.
- Take ownership of driving career development.
- Effectively manage time and ensure optimal productivity.
- Be self-confident, self-motivated, and relentlessly pursue targets and goals.
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