Actuarial Manager

Telesure Investment Holdings Pty • Other • Johannesburg, Gauteng, South Africa • $500 - $600 / year • 23h ago

Job Requisition ID: JR101162

Join TIH, home to some of South Africa’s leading financial service providers, and grow your career while being part of an organisation with purpose.

Job Purpose

Manage a team of Actuarial Analysts within the STI Actuarial team that support the Business goals as set out by senior management by effectively modelling and monitoring business Actuarial solutions.

Responsibilities

Business Requirements Identification:
Analyse business requirements and identify root causes rather than reacting to symptoms. Document business requirements clearly within the scope of use, definitions, and assumptions made. Develop solutions that address business requirements and objectives. Refine solutions over time as more information becomes available.
Building Capability:
Mentor and coach staff on a technical and professional front. Ensure staff develop further skills and capabilities to enhance model development. Assist staff in increasing their capacity to automate processes. Encourage staff to leverage each other's strengths to improve the team's overall performance.
Stakeholder Engagement:
Collaborate with internal (Actuarial) and external (Business) stakeholders. Keep stakeholders informed and up to date with project/analysis delivery and provide clear and concise feedback.
Data Collection & Analysis:
Use data from a wide range of sources to analyse key themes and identify possible impacts on the business. Extract and verify data used for actuarial models, ensuring completeness and accuracy.
Actuarial Modeling:
Translate business objectives into clearly defined business cases, costs, and schedules. Ensure that actuarial models and processes are developed, implemented, and monitored.
Model Deployment and Testing:
Plan and deliver system changes, managing the team on a day-to-day basis to meet project timelines and quality requirements. Perform effective impact and sensitivity analysis before any deployment.
Insights and Reporting:
Prepare and coordinate the completion of various data and analytics reports. Create, present, and communicate insights and recommendations to stakeholders.
Improvement / Innovation:
Identify shortcomings in existing business practices, suggest and implement improvements while developing and delivering projects.
Leadership and Direction:
Identify and communicate the actions needed to implement the function's strategy and business plan within the department.
Performance Management:
Manage and report on the performance of the team; set appropriate performance objectives for direct reports and hold them accountable.
Operational Compliance:
Monitor and review performance and behaviors to identify and resolve non-compliance with the organisation's policies and relevant regulatory codes.

Education

Bachelor of Science: Actuarial Science (Required)

Experience

5 or more years of actuarial experience (Essential); 3 or more years' actuarial experience within a Short-Term insurance environment (Essential); 1 or more years’ experience of planning and managing resources (Essential); 3 or more years’ experience in reserving, SAM, and IFRS reporting (Essential); Experience in ResQ software (Advantageous).