Senior Actuarial Analyst - 1Life

Join TIH, home to some of South Africas leading financial service providers, and grow your career while being part of an organization with purpose.

Job Purpose

Provide actuarial technical support and coach/mentor junior analysts within the 1Life Actuarial team. Use actuarial models to identify, model and monitor business problems and provide effective solutions.

Responsibilities

Analyze business requirements and to identify root cause rather than reacting to symptoms.

Business requirements need to be clearly documented 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., Being able to translate the monitoring results so they can be understood by Business.

Provide an ecosystem where data and data analysis is nimble and easy to access by any team member.

Provide insights from monitoring to inform the Business of future modelling endeavours.

Ensure monitoring is accurate and complete and regularly validated against credible data sources.

Review of results on a regular basis and ready to be presented to the Actuarial Management level., 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 to stakeholders.

Maintain measurable service levels on business requests and providing feedback that speaks to the business issue observed.

Be on time and prepared for meetings with Business., Develop, maintain and implement actuarial models and processes.

Models to be fit for purpose and able to estimate the reality accurately.

Models (and any form of estimation) to be clearly documented with the scope of use, definitions, data, and assumptions made.

Regularly monitor models to ensure model performance and that they are communicated back to the business.

Before Models are used for estimation within the Business, the Senior Actuarial Analyst should review and acquire signed-off., Effective impact and sensitivity analysis to be performed before any deployment is done.

Translate results from the impact/sensitivity analysis to Business, to provide insight and what various pricing changes will mean to profitability and policy growth within all brands and distribution channels.

Maintain and develop documentation on model/pricing and clearly state what needs to be deployed and how testing will be done to ensure the deployment is successful.

Ensure monitoring process are in place to measure the performance of the model/pricing., Explain the local action plan to support team members in their understanding of what needs to be done and and how this relates to the broader business plan and the organization's strategy, mission and vision; motivate people to achieve local business goals., Maintain standards of integrity and professionalism as set out by the Actuarial Society of South Africa., Mentoring and coaching of staff on a technical and professional front.

Mentoring and coaching staff to develop data analysis, aggregation and cleaning skills and how to develop models and the review thereof., Respond to personal objectives and use performance management systems to improve personal performance. OR Monitor the performance of the team; allocate work and review completion, take appropriate corrective action to ensure timeliness and quality; contribute to formal individual performance management and appraisal.

Manage the development of pipelines and succession planning as well as

performance scoring and

management. This includes the setup of performance contracts and personal development., Review existing operations in own area of work and implement innovation processes to generate new ideas and ensure continuous improvements are delivered.

Stay up to date with Business developments and develop solutions proactively within Business.

Ensure data processes are continuously maintained and kept up to date.

Continuous development/research of modelling techniques and feature engineering to improve model estimates., Use data from a wide range of sources to analyze key themes and identify possible impacts on the business.

Extract and verify data used for actuarial models.

Data/information to be reconciled against credible data sources (for example financials) to ensure the data is complete and accurate. Definitions and assumptions are aligned to the problem statement.

Before data is used for analysis/modelling, the incumbent should review and acquire the required signed-off from the Technical Manager.

Education

Bachelor's Degree: Actuarial Science (Required)

Experience

3 or more years Actuarial work experience in financial services (Essential); Experience in long term insurance industry (Advantageous); Prophet experience (Advantageous).

Think you have what it takes to be part of an unstoppable team who constantly finds better ways to give peace of mind? Don't wait, apply now.