Junior Actuarial Analyst at PPS

Purpose of the Job:

Reporting to Head of Valuations, the role will be responsible for analysing risk evaluation data, coordinating, preparing, and performing actuarial analyses which are required when developing new products, projecting future results, and monitoring the experience of PPS insurance products. The role will interact with other teams within the Actuarial Services department, as well as with other departments within the PPS Group, interact with the Head of Actuarial Function’s team and the Group’s external auditors.

Main duties and responsibilities:

• Assisting with ensuring integrity of data for valuation work and experience investigations, and implementation of processes and systems to improve on the quality of data used
• Assisting with regular actuarial investigations, including sickness and mortality investigations and analysis of surplus
• Assisting with completion of valuator, statutory, QRT and ASISA returns
• Providing actuarial support to the various Product Development and Actuarial functions of the area and the broader business
• Analysing PPS data and experience to better support product development decisions and to assist the broader business in its functions
• Compilation of management reports and special investigations from time to time

Formal Qualifications:

• Matric (Grade 12)
• Completed University Degree majoring in Actuarial Science; Honours is preferable
• Making good progress with actuarial exams, with at least 4 CTs

Experience and Knowledge:

• At least 1 to 3 years’ work experience, most of which spent in a Life Insurance valuation environment
• Prophet and DCS experience
• SQL experience - comfortable with working with large amounts data
• Key interest in developing a career in the valuation, balance sheet management and experience investigation

Knowledge and Skills

• Knowledge of actuarial principles and retail insurance products
• Strong knowledge and background of the financial services industry
• Computer literate, strong Excel skills required, Access, SQL skills would be of benefit
• Prophet knowledge and use
• Knowledge of MS Office

Competencies:

• Attention to detail
• Excellent verbal and written communication Analytically minded
• Strong interpersonal and intrapersonal skills
• Analysis
• Strategic oriented
• Quality orientation
• Self-starter
• Motivated and motivational
• Teamwork
• Strong administration skills