RESPONSIBILITIES<\/p>\n
Model deployment and testing<\/p>\n
\tSupport the planning and delivery of systems changes.
\n\tEngage with users to identify requirements and work with the team to design solutions. Effective impact and sensitivity analysis to be performed before any deployment is done. Translate results from the impact\/sensitivity analysis to
\n\tBusiness to provide insight and what various pricing changes will mean on profitability and policy growth. Clearly state what needs to be deployed and how testing will be done to ensure the deployment is successful.
\n\tEnsure monitoring processes are in place to measure the performance of the model\/pricing. Effective tracking of various products and pricing changes and cohorts.<\/p>\n
Improvement \/ Innovation<\/p>\n
\tIdentify shortcomings and suggest improvements to existing processes, systems and procedures.
\n\tStay up to date with Business developments and assist to develop solutions proactively with Business. Maintain continuous development\/research of actuarial techniques and share insights with the team. Find an effective way to improve on efficiencies across the business.<\/p>\n
Actuarial Modeling<\/p>\n
\tDevelop, maintain and implement actuarial models and processes. Models need to be fit for purpose and able to estimate the reality accurately. Models (and any form of estimation) to clearly documented with the scope of use, definitions, data, and assumptions made.
\n\tEnsure that there are process documents in place to ensure that the models can be understood by external stakeholders. Ensure processes are in place to reduce the risk of incorrect modelling and support new users.<\/p>\n
Business Requirements Identification<\/p>\n
\tSupport collection of business requirements using a variety of methods.
\n\tContribute and deliver in line with the product development and pricing framework.
\n\tSupport implementation of the Actuarial control cycle, ie development, deployment and monitoring thereof.
\n\tAssist with the management of key business metrics, such as value of new business, embedded value, and profit by product line. Business requirements need to be clearly documented within the scope of use, definitions and assumptions made. Develop solutions that are aligned with experience assumptions.<\/p>\n
Stakeholder Engagement<\/p>\n
\tCollaborate with internal stakeholders, such as Sales and Marketing to keep them informed and up to date with project outcomes. Engage with external stakeholders to find appropriate solutions around product development.
\n\tMaintain measurable service levels on business requests and provide feedback that speaks to the business issue observed.<\/p>\n
Data Collection & Analysis<\/p>\n
\tUse data from a wide range of sources to analyse key themes and identify possible impacts on the business. Recommendations could be technical or professional in nature.
\n\tExtract 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. Ensure definitions and assumptions are aligned to the problem statement.<\/p>\n
Insights and Reporting<\/p>\n
\tPrepare and coordinate the completion of various data and analytics reports.
\n\tCreate, present, and communicate insights and recommendations to stakeholders. Ensure monitoring is accurate and complete and regularly validated against credible data sources.<\/p>\n
Operational Compliance<\/p>\n
\tBuild deep knowledge and understanding of the organization’s policies and procedures and of relevant regulatory codes and codes of conduct, and ensure own work adheres to required standards.
\n\tMaintain standards of integrity and professionalism as set out by the Actuarial Society of South Africa. Apply appropriate techniques in alignment with APNs.<\/p>\n
Performance Management<\/p>\n
\tPrioritise own workflow and ensure work is completed to the required standards of productivity, quality and timeliness; use performance management systems to improve personal performance.<\/p>\n
Requirements<\/p>\n
EDUCATION<\/p>\n
\tBachelor’s degree in actuarial science or similar (Essential)
\n\tMaking good progress toward Actuarial qualification (Advantageous)<\/p>\n
General Experience<\/p>\n
\t3 or more years’ actuarial experience within a Long-Term Product and Pricing environment (Essential)<\/p>\n
Apply via company website ( www.nfosa.co.za ) or<\/p>\n
1life.mcidirecthire.com<\/p>\n
<\/p>\n","protected":false},"author":2,"featured_media":0,"template":"","meta":{"_promoted":"","_job_location":"","_application":"http:\/\/1life.mcidirecthire.com","_company_name":"1 Life Insurance","_company_website":"http:\/\/www.nfosa.co.za","_company_tagline":"1Life Insurance, South Africa\u2019s #1 direct life insurer*, is on a mission to change lives for the better. Our insurance products, content & tools will help you take the first step towards building generational wealth today, ensuring a better life for your family tomorrow. Auto and General Park 1 Telesure Lane Riverglen Dainfern 2191","_company_twitter":"","_company_video":"","_filled":0,"_featured":0,"_remote_position":0,"_job_salary":"","_job_salary_currency":"","_job_salary_unit":""},"job_listing_region":[11],"job-types":[12],"class_list":["post-18226","job_listing","type-job_listing","status-expired","hentry","job_listing_region-gauteng","job-type-full-time"],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/jobs.dataaxisnode.com\/southafrica\/wp-json\/wp\/v2\/job-listings\/18226","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/jobs.dataaxisnode.com\/southafrica\/wp-json\/wp\/v2\/job-listings"}],"about":[{"href":"https:\/\/jobs.dataaxisnode.com\/southafrica\/wp-json\/wp\/v2\/types\/job_listing"}],"author":[{"embeddable":true,"href":"https:\/\/jobs.dataaxisnode.com\/southafrica\/wp-json\/wp\/v2\/users\/2"}],"wp:attachment":[{"href":"https:\/\/jobs.dataaxisnode.com\/southafrica\/wp-json\/wp\/v2\/media?parent=18226"}],"wp:term":[{"taxonomy":"job_listing_region","embeddable":true,"href":"https:\/\/jobs.dataaxisnode.com\/southafrica\/wp-json\/wp\/v2\/job_listing_region?post=18226"},{"taxonomy":"job_listing_type","embeddable":true,"href":"https:\/\/jobs.dataaxisnode.com\/southafrica\/wp-json\/wp\/v2\/job-types?post=18226"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}