Specialist: Actuarial

Role Purpose

Actuarial: To provide actuarial support to the Head of Actuarial on all matters relating to financial reporting, valuation, product pricing and modelling, and capital management;

Data Analytics: to ensure that all decision making is data driven by doing the analysis of the performance of products, campaigns and initiatives; assisting the actuarial and product managers in developing future products that future proof the business

Your Responsibilities Will Include

Financial Reporting & Capital Management

Monthly and annual liability valuations are required across the life and non-life portfolios, including typical IBNR and DCF techniques for the valuation of actuarial liabilities under IFRS 17. Monthly and annual regulatory reporting and board reporting. The candidate will also be responsible for the development and maintenance of all valuation models in the valuation software.

Product Development

The candidate will assist with pricing and product development of all life and non-life products in a competitive, profitable and sustainable manner, working closely with Vodacoms chosen partners. Regular competitor analysis is required to ensure products remain competitive.

Data Analytics and Experience Investigations

Detailed analytics at customer, channel and product level is required to drive performance, product development, to prioritize strategic roadmap (developments), and to serve as an input in valuation assumption setting.

Capital Management

Regular capital calculations are required across both licences to understand solvency measures at any point in time. The candidate will assist with the compilation of various statutory returns.

Technical / Professional Qualifications

The ideal candidate for this role will have:

Mathematical, Statistical or Actuarial degree

Experience in Actuarial reporting or pricing would be beneficial

Basic knowledge of personal lines insurance products would be beneficial

Sound numerical, analytical and problem solving skills

Effective interpersonal and communication skills

Highly energetic, innovative and pro-active individual, with the ability to work independently and as a member of a team.

Core Competencies, Knowledge, And Experience

Minimum of 3 years' experience in actuarial.

Experience in an actuarial valuation's role beneficial

Excellent problem-solving skills.

Good business acumen and understanding of the role of the capability in contributing to business value

Customer-centric focus, with an entrepreneurial and ROL mindset

Ability to function with a high degree of autonomy

Strong Microsoft Excel skills

Strong time-management skills, with the ability to juggle multiple balls, and comfortable working under pressure.

Market research, design thinking.

Excellent relationship building and influencing skills, with the ability to contribute towards an inclusive team culture

Closing date for Applications: 28 August 2023

The base location for this role is, Vodacom Campus, Midrand.

The Companys approved Employment Equity Plan and Targets will be considered as part of the recruitment process. As an Equal Opportunities employer, we actively encourage and welcome people with various disabilities to apply.

Vodacom is committed to an organisational culture that recognises, appreciates and values diversity & inclusion.