Junior Actuarial Specialist | Sandton

The Recruitment Council; Sandton; On-site; ZAR 300,000 - 600,000; Full time

Job summary

An established industry player is seeking a Junior Actuarial Specialist to drive business goals through effective actuarial modeling. In this exciting role, you will utilize your actuarial expertise to identify business challenges, monitor performance, and deliver data-driven solutions. You will engage with stakeholders, develop innovative models, and enhance business practices while ensuring compliance with professional standards. If you are passionate about leveraging data to solve complex problems and eager to grow within a dynamic team, this opportunity is perfect for you.

Qualifications

• Bachelor's degree in Actuarial Science or related field is essential.
• 4+ years of actuarial experience in a life insurance environment.

Responsibilities

• Identify business requirements and develop actuarial models.
• Collaborate with stakeholders and provide actionable insights.
• Manage a diverse team and oversee project portfolios.

Skills

Advanced actuarial and statistical modeling

Strong mathematical and statistical background

Data collection, analysis, and management

Writing and verbal communication skills

Presentation and analytical processes

Action planning and project management

Compliance with regulatory standards

Expertise in actuarial and statistical software

Advanced Microsoft Office

Education

Bachelor’s or Honours degree in Actuarial Science

Progress toward or completion of an Actuarial qualification

Job description

Our client is on the lookout for a Junior Actuarial Specialist to support our business goals through effective actuarial modelling and monitoring of key solutions. The ideal candidate will use actuarial models to identify business challenges, monitor performance, and provide effective, data-driven solutions.

Key Responsibilities:

Business Requirements Identification:

1. Elicit and analyze complex business requirements through interviews, workshops, and workflow analysis.
2. Develop clear and concise business solutions, addressing root causes rather than symptoms.
3. Document and refine actuarial models to meet evolving business needs.

Stakeholder Engagement:

1. Collaborate with internal and external stakeholders to address their needs, providing clear and timely feedback.
2. Lead the development of engagement plans and ensure stakeholders are up to date with project progress.

Actuarial Modeling:

1. Translate business objectives into well-defined models, ensuring accuracy in scope, data, and assumptions.
2. Regularly monitor and adjust models to reflect business realities, providing transparent documentation.

Data Collection & Analysis:

1. Use data from various sources to assess key themes impacting the business.
2. Ensure data accuracy by reconciling with credible sources and acquiring sign-off from senior management before use.

Model Deployment & Testing:

1. Plan and manage system changes, ensuring thorough impact and sensitivity analyses.
2. Develop clear documentation for model deployment and implement monitoring processes to track performance.

Insights & Reporting:

1. Design and execute reporting strategies, delivering actionable insights to stakeholders.
2. Regularly validate data accuracy and provide ecosystem insights to enhance business decision-making.

Performance Management:

1. Manage a diverse team, setting performance objectives and ensuring the achievement of team goals.
2. Oversee the development of talent pipelines and succession planning within the actuarial function.

Improvement & Innovation:

1. Continuously enhance business practices by developing new solutions and refining existing models.
2. Stay current with actuarial techniques and proactively suggest improvements.

Operational Compliance:

1. Ensure adherence to professional and regulatory standards, maintaining high levels of integrity and professionalism.

Team Development:

1. Mentor and coach staff in data analysis, model development, and business acumen.
2. Train and upskill the team to meet evolving business requirements.

Project Management:

1. Oversee a portfolio of projects, ensuring timelines and quality standards are met.

Behavioral Competencies:

1. Action Oriented
2. Manages Complexity
3. Resilience
4. Business Insight
5. Accountability
6. Effective Communication
7. Collaboration
8. Financial Acumen
9. Optimizes Work Processes
10. Persuasion
11. Builds Networks
12. Plans and Aligns
13. Instills Trust
14. Interpersonal Savvy
15. Decision Quality
16. Conflict Management
17. Customer Focus

Skills Required:

1. Advanced actuarial and statistical modeling
2. Strong mathematical and statistical background
3. Data collection, analysis, and management
4. Writing and verbal communication skills
5. Presentation and analytical processes
6. Action planning and project management
7. Compliance with regulatory standards
8. Expertise in actuarial and statistical software, advanced Microsoft Office

Qualifications:

1. Bachelor’s or Honours degree in Actuarial Science or related field
2. Progress toward or completion of an Actuarial qualification

Experience:

1. 4+ years of actuarial experience in a life insurance environment

If you are passionate about solving complex problems through data-driven actuarial solutions, we invite you to apply for this exciting role.