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  • Posted: Oct 19, 2020
    Deadline: Not specified
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    • RMA in a nutshell Identifying a need to help care for miners who were injured while on duty, Rand Mutual (RMA) was founded in 1894 by three mining companies on the Witwatersrand as a non-profit mutual assurance company. Today RMA has grown to offer workmens'​ compensation benefits to the mining, iron, metal, steel and relate...
    Read more about this company


    Actuarial Analyst


    Being an integral part of the Corporate Actuarial team, the Actuarial Analyst will be responsible for supporting the actuarial function in preparing monthly valuations, EXCO reports, building financial models, determining capital requirements, pricing and product development.

    Qualifications and Experience required

    • NQF Level 7: Bachelor’s degree – Actuarial Science
    • Progress towards actuarial exams – 2/3 CT exams
    • Previous life and short-term insurance company valuation or insurance risk management experience would be an advantage
    • Minimum 2 to 3 years’ experience required

    Key Areas of responsibility

    • Provide support to the actuarial function
    • Preparation of the monthly valuation data
    • Ensure valuation data integrity
    • Preparation of actuarial specific areas in all the Group regulatory returns (Monthly, Quarterly, Annual)
    • ORSA and SAM reporting
    • Maintaining actuarial data
    • Timeous response to actuarial queries
    • Assistance in price modelling
    • Relationship building and reporting:
    • Build good relationships with internal stakeholders
    • Effective reporting and assessment of problem areas
    • Regulatory compliance
    • To ensure all work performed in terms of required standard and regulation
    • To ensure that all company policies and procedures are adhered to
    • To ensure timely submission of various reports

    Ad hoc projects:

    • Provide support with any related ad hoc duties

    Knowledge, Skills and Competencies required

    • Knowledge of business policies, processes and procedures, legal compliance
    • Service Orientation / Customer Responsiveness
    • Verbal and written communication
    • Planning, Organising and Follow through
    • Attention to detail
    • Analytical thinking
    • Judgement and Decision-making
    • Ethical behaviour (honesty/integrity)
    • Judgement and Decision-making

    Method of Application

    Interested and qualified? Go to Rand Mutual - RMA on to apply

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