Actuarial Analyst at Telesure Investment Holdings (TIH)

Provide support to senior analysts and managers within the General Insurance Actuarial team. Use statistical models to analyze data and calculate the probability of and costs associated with certain events.

Specification    
Data Collection & Analysis

• Collate and analyze data using pre-set tools, methods and formats.
• Extract and verify data used for actuarial models.
• Reconcile data/information against credible data sources (for example financials) to ensure the data is complete and accurate. Before data is used for analysis/ modelling, review and acquire signed-off from the Technical Manager.

Actuarial Modeling

• Develop, maintain and implement actuarial models and processes.
• Models to be fit for purpose and able to estimate the reality accurately.
• Regularly monitor Models to ensure model performance and communicate problems back to business. Before Models are used for estimation within the business, review and acquire the required signed-off.

Insights and Reporting

• Contribute to the preparation of various data and analytics reports.
• Provide an ecosystem where data and data analysis is nimble and easy to access within the business.
• Provide insights from monitoring to inform the business and future modelling endeavours.
• Ensure monitoring is accurate and complete and regularly validated against credible data sources.
• Review results on a regular basis and monitor against actuals across brands and distribution channels within the business.

Model Deployment and Testing

• Effective impact and sensitivity analysis to be performed before any deployment is done. Maintain and develop documentation on model/ pricing to be deployed.
• Ensure the monitoring processes are in place to measure the performance of the model/pricing.

Stakeholder Engagement

• Assist with stakeholder engagement by arranging actions, meetings, events, and supporting materials to promote stakeholder commitment and drafting supporting materials to promote understanding. Be on time and prepared for meetings.

Improvement / Innovation

• Identify shortcomings in existing processes, systems and procedures, and use established change management programs to address them. Ensure data processes are continuously maintained and kept up to date.

Operational Compliance

• Identify, within the team, instances of non-compliance with the organization/ actuarial policies and procedures and/ or relevant regulatory codes and codes of conduct, reporting these and escalating issues appropriately. Maintain standards of integrity and professionalism as set out by the Actuarial Society of South Africa.

Personal Capability Building

• Develop own capabilities by participating in assessment and development planning activities as well as formal and informal training and coaching.
• Develop and maintain an understanding of relevant technology, external regulation, and industry best practices through ongoing education, attending conferences, and reading specialist media

Requirements    

• General Education
• Bachelors / Honours degree in Actuarial Science or similar (Essential);
• Making good progression toward an Actuarial qualification (Essential)

General Experience

• 1 or more years actuarial experience within a Short-Term insurance environment (Essential)

Closing Date: 30th, March 2022