Actuarial Manager

1 Life Insurance; Gauteng; On-site; ZAR 50 000 - 90 000; Full time

Job summary

An established industry player is seeking a skilled actuary to join their Corporate Actuarial team. This role involves ensuring compliance with IFRS 17, developing and implementing actuarial models, and mentoring junior analysts. You will leverage statistical models for data analysis and product pricing while collaborating with various stakeholders. This position offers the opportunity to lead projects, drive innovations, and contribute to the continuous improvement of actuarial processes. If you possess strong mathematical skills and a passion for data analysis, this role is perfect for you.

Qualifications

• Strong mathematical and statistical skills are essential for this role.
• Proficiency in actuarial and statistical software is required.

Responsibilities

• Develop and maintain actuarial models for IFRS 17 compliance.
• Collaborate with stakeholders and communicate project progress.
• Deliver projects on time while ensuring quality standards.

Skills

Financial and Economic Modeling

Mathematical Skills

Statistical Skills

Actuarial Software Proficiency

Data Analysis Tools

Effective Communication

Planning and Organizing

Compliance Management

Tools

MS Office

Job description

Responsible for ensuring compliance with IFRS 17 within the 1Life Corporate Actuarial team. Provide actuarial technical support, develop models to calculate IFRS 17 results, and mentor junior analysts. Utilize statistical models for data analysis and product pricing.

Responsibilities

1. Actuarial Modeling
2. Develop, maintain, and implement actuarial models and processes that are fit for purpose and accurately reflect reality.
3. Document models thoroughly, including scope, definitions, data, and assumptions.
4. Monitor model performance and communicate findings to the business.
5. Assess business implications and recommend actions to ensure IFRS 17 compliance.

1. Stakeholder Engagement
2. Collaborate with internal and external stakeholders, keeping them informed of project progress and analysis results.
3. Maintain service levels and provide clear feedback on business requests.

1. Model Deployment and Testing
2. Plan and execute IFRS 17 project requirements, managing the team to meet deadlines and quality standards.
3. Ensure peer reviews and perform impact and sensitivity analyses before deployment.
4. Translate analysis results into business insights regarding pricing, profitability, and policy growth.
5. Maintain documentation and monitoring processes for deployed models.

1. Data Collection & Analysis
2. Utilize diverse data sources for analysis and ensure data accuracy and completeness.
3. Align definitions and assumptions with the problem statement.

1. Insights and Reporting
2. Communicate status updates and translate monitoring results for business understanding.
3. Ensure data accessibility and provide insights for future modeling efforts.
4. Validate reports regularly and prepare presentations for actuarial reviews.

Project Management

Deliver projects within deadlines, review operations, and implement innovations for continuous improvement. Stay updated on business developments and research modeling techniques.

Leadership and Development

Communicate plans, motivate teams, manage performance, and build capabilities through training and coaching. Ensure operational compliance and uphold professional standards.

Skills

• Comprehensive knowledge of financial and economic modeling, with strong mathematical and statistical skills.
• Proficiency in actuarial and statistical software, advanced MS Office, and data analysis tools.
• Ability to analyze data trends, review reports, and develop action plans.
• Effective communication skills, both verbal and written.
• Strong planning, organizing, and compliance management capabilities.