Analyst, Actuarial : Corporate Actuarial

Standard Bank Group; Roodepoort; On-site; ZAR 420,000 - 650,000; Full time

Job summary

Standard Insurance Ltd is seeking an Analyst in Actuarial, Corporate Actuarial to apply analytical and mathematical skills to assess risk, pricing and reserves. You will assist with IFRS 17 implementation, data preparation and monthly reporting for SIL.

The role requires a first degree with actuarial majors, ASA/IFoA membership, and multiple actuarial exemptions. Strong communication and teamwork are essential in this diversified insurance setting.

Qualifications

• First degree with actuarial majors; honours an advantage.
• Membership of Actuarial Society of SA or IFoA.
• At least 6 actuarial exam exemptions/passes.

Responsibilities

• Assist with IFRS 17 data preparation and transformation.
• Perform monthly IFRS 17 calculations and investigations.
• Analyse data to support pricing, reserving and capital modelling.
• Communicate findings and support risk analysis.

Skills

Analytical skills

Communication skills

Team player

Self-motivated

Pro-active

Discipline & integrity

Education

First degree

BSc or BCom with actuarial majors

Actuarial exemptions / passes (≥6)

Tools

SAS

SQL

Job description

Analyst, Actuarial : Corporate Actuarial

Job Overview

Company: Standard Insurance Ltd

Location: ZA, GP, Roodepoort, 4 Ellis Street

Business Segment: Insurance & Asset Management

To apply analytical, statistical and mathematical skills to analyse data in order to assist with solving of business and financial problems (particularly those involving risk). This entails calculating the probability of and costs associated with certain events, such as product failure, accidents, property damage, injury, and death. The results are used to design and price insurance policies, investment plans, pension plans and other financial instruments.

To assist with the full implementation of IFRS 17 within SIL. In particular, to assist with the data preparation and transformation for IFRS 17 purposes. To perform monthly calculations of IFRS 17. To perform investigations relating to IFRS 17 reports.

Qualifications

Type of Qualification: First Degree
Field of Study: BSc or BCom with actuarial majors- Honours is an advantage

Member of Actuarial Society of South Africa /Member of the Institute and Faculty of Actuaries.

At least 6 exemptions / actuarial exam passes

Experience Required

3 - 6 years’ actuarial experience. IFRS 17 experience preferred. Experience with data is preferred. Experience in the short-term insurance is preferred. Capital modelling and reserving experience is preferred.

Additional Information

• Able to multi-task.
• Communication skills - written, verbal and presentation skills.
• Disciplined and have high level of integrity, professionalism and trustworthiness.
• Self-motivated
• Pro-active
• Team player
• Specialist actuarial software package skills
  • SAS statistical package (preferred), SQL (preferred).
• Actuarial processes and control cycle skills
  • Reserving
  • Capital modelling
• Analytical skills

Our Commitment to Diversity, Equity and Inclusion

Standard Bank Group is committed to fair and inclusive employment practices. We aim to build a workforce that reflects the diversity of the communities we serve and welcome applications from candidates of all backgrounds, including people with disabilities. We strive to create an environment where everyone has an equal opportunity to contribute and grow.