Manager, Actuarial

Standard Bank Group; Roodepoort; On-site; ZAR 700,000 - 1,100,000; Full time

Job summary

Standard Bank Group is seeking an experienced actuary to apply analytics, modelling and risk insight to solve complex financial problems in life insurance and banking products. The role focuses on reserving, pricing, product management, experience monitoring and financial modelling to deliver value to clients and shareholders.

You will work across segments including Insurance & Asset Management, partnering with teams to design, price and manage risk in diverse portfolios, leveraging strong SQL

Qualifications

• First Degree in Actuarial Science.
• Completed all Actuarial Board Exams up to F100s, including F102.
• 5-7 years' experience with SQL, spreadsheets, databases and statistics.
• Experience with financial modelling, risk management and related banking/insurance products.
• Strong actuarial principles in modelling, calculations and methods.

Responsibilities

• Deliver actuarial analytics to solve complex risk and financial problems.
• Design and price insurance policies and manage risk for clients and shareholders.
• Collaborate with business units to apply actuarial insights to decision making.

Skills

Actuarial Principles

Data Analysis

Business Analytics

Programming knowledge

Education

First Degree

Actuarial Science

Actuarial Exams F100-F102

Tools

SQL

Spreadsheets

Databases

Statistical Software

Job description

Location: ZA, GP, Roodepoort, 4 Ellis Street

Business Segment: Insurance & Asset Management

To apply Actuarial analytics, skills and insights in order to solve complex business and financial problems (particularly those involving risk) and optimize value to stakeholders. This entails the delivery of core actuarial capabilities such as Reserving, Pricing, Product Management, Experience Monitoring, Risk Management and Financial Modelling. The results are used to design and price insurance policies, manage risk and optimize value to both our clients and shareholders.

Qualifications

Type of Qualification: First Degree
Field of Study: Actuarial Science Professional Actuarial Exams: Completed all Actuarial Board Exams up to F100s, including F102
5-7 years
Experience of programming in SQL, structured query language, and other common programming languages. Familiarity with spreadsheets, databases and statistical analysis programs. Understanding of business trends and the direction technology must take to support the business.
5-7 years
Experience with and understanding of financial modelling, risk management and Products & Services within Life Insurance and other related area of financial services within the Bank (i.e. Transactional Banking, Lending, Investments etc.), such as banking, investment asset management or insurance.
5-7 years The role requires a strong background in technical Actuarial Principles (i.e. Methods, Assumptions, Modelling, Calculations and Processes) as well as sufficient technical understanding to solve highly complex financial and risk management problems.

Additional Information

• Adopting Practical Approaches
• Articulating Information
• Challenging Ideas
• Checking Things
• Examining Information
• Exploring Possibilities
• Interacting with People
• Interpreting Data
• Producing Output
• Providing Insights
• Team Working
• Business Acumen (Audit)
• Data Analysis
• Data Integrity
• Quantitative Analysis
• Statistical & Mathematical Analysis
• Write Code

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.