ACTUARY (36 months)

Our client is looking to hire an experienced Actuary to perform various actuarial services, including calculating future costs/liabilities for an additional medical and offering to retirees, assessing financial risks for employees transitioning from a provident fund to the GEPF and developing models to support risk assessment and decision-making for new projects.The expert must develop project actuarial metrics and models for operational projects over a 36 month period, with a budget not exceeding R 1000, 000.00

Key Responsibilities:

• Calculation of future cost/liability for an additional medical aid offering to retirees
• Assessment of financial risks for employees moving from provident fund to GEPF
• Develop models to support risk assessment for new projects
• Use modelling techniques to aid decision-making for business development
• Develop project actuarial metrics and models for operational projects.

Deliverables:

• Calculation of future cost/liability for additional medical aid offering to retirees
• Assessment of financial risks for employees transitioning funds
• Development of models to support risk assessment for new projects
• Use of modelling techniques to aid decision-making for business development
• Development of project actuarial metrics and models for operational projects

Requirements

• Must be a qualified actuary (FASSA-Fellowship member)
• Minimum of 5 years of experience in insurance or financial services industry
• Focus on employee benefits capital and reserving
• Strong analytical and problem solving skills
• Excellent communication and leadership abilities
• Demonstrated extensive skills, knowledge and technical abilities
• Need to minimise downtime during peak hours

Benefits

• Anticipated project period of 36 months
• Budget not to exceed R 1000, 000.00

Overall, the Actuary will play a crucial role in providing actuarial services, focusing on employee benefits, risk assessments, decision making and financial analysis to help the organisation effcetively manage costs and liabilities