Actuarial and Insurance Solutions: Opportunities from Analyst to Manager at Deloitte

Job Description

• We are looking for experienced Actuarial Analysts with at least 2 years’ Life or General Insurance experience, to experienced Qualified Actuaries (Managers) with an established track record of leading and managing work.
• Successful candidates will have an opportunity to develop a deep understanding of technical issues and leadership skills by delivering on a wide variety of projects.

Responsibilities include but are not limited to:

• Reserving, and capital modelling
• IFRS 17, SAM/Solvency II and other regulatory projects
• Large-scale projects to transform insurer’s financial, actuarial, and reporting processes
• Actuarial specialist work on external audits of a wide range of insurers
• Due Diligence and support for a variety of insurer Corporate Transactions
• Model development, migration and validation work
• Assessment and refinement of insurers’ internal processes and systems
• Projects utilising a suite of AI tools and Python modelling

Qualifications

Minimum Qualifications

Analyst

• An actuarial science degree with a strong preference for candidates who have completed an Honours degree.
• Partly qualified actuaries showing good progress through the actuarial exams.

Manager

• Fully qualified Actuaries
• Fellow Member of the Actuarial Society of South Africa or equivalent

Minimum Experience 

Analyst

• Minimum of 2 years’ working experience  
• Experience in the South African (or equivalent) insurance industry
• Actuarial valuation experience, including reserving, capital and solvency calculations, and reinsurance
• Proven ability to apply your knowledge in practical and commercial situations
• Experience in IFRS 17
• Experience with Python or other programming languages
• Awareness and understanding of actuarial and technology trends in global insurance markets

Assistant Manager &  Manager

• We also have Assistant Manager and Manager roles for partly qualified and qualified candidates. Additional requirements for these more senior roles: Minimum of 4 years’ working experience
• Track record of taking ownership of deliverables and managing small teams
• Preference for candidates with experience leading components of actuarial and finance transformation projects

What are we looking for

• A proactive mindset
• Ability to take on projects (which may be new and unfamiliar) and delight our clients
• Desire to grow into a trusted adviser to our clients
• Strong communication skills (verbal and written)
• Ability to work in multi-disciplinary environment
• Proven ability in the Insurance industry
• Attention to detail and quality focus

Behavioural Competencies

• Exceptional communication skills, both written and verbal with all levels of staff & leadership
• Strong interpersonal and relationship-building skills
• Excellent mentorship and coaching ability with desire to develop self and others
• Strong client delivery focus
• Highly adaptable, managing change and ambiguity with ease
• Focus on quality and risk
• Excellent problem-solving ability
• Exceptional business acumen

Additional Information

• Note: The list of tasks / duties and responsibilities contained in this document is not necessarily exhaustive.  Deloitte may ask the employee to carry out additional duties or responsibilities, which may fall reasonably within the ambit of the role profile, depending on operational requirements.
• Be careful of Recruitment Scams: Fraudsters or employment scammers often pose as legitimate recruiters, employers, recruitment consultants or job placement firms, advertising false job opportunities through email, text messages and WhatsApp messages. They aim to cheat jobseekers out of money or to steal personal information.

To help you look out for potential recruitment scams, here are some Red Flags:

• Upfront Payment Requests: Deloitte will never ask for any upfront payment for background checks, job training, or supplies.
• Requests for Personal Information: Be wary if you are asked for sensitive personal information, especially early in the recruitment process and without a clear need for it. Fraudulent links or contractual documents may require the provision of sensitive personal data or copy documents (e.g., government issued numbers or identity documents, passports or passport numbers, bank account statements or numbers, parent’s data) that may be used for identity fraud. Do not provide or send any of these documents or data. Please note we will never ask for photographs at any stage of the recruitment process.
• Unprofessional Communication: Scammers may communicate in an unprofessional manner. Their messages may be filled with poor grammar and spelling errors. The look and feel may not be consistent with the Deloitte corporate brand.