Specialist: Actuarial Analyst at Liberty Group South Africa

Purpose

To provide specialist actuarial support that enables sound commercial advice through the application of probability & investment theory and related statistical tools and the execution of predefined objectives as per agreed SOP's.

Minimum Experience

1 - 2 years experience in a similar environment

Minimum Qualifications

Bachelor`s Degrees and Advanced Diplomas [NQF Level 07] in Mathematical Sciences

Additional Minimum Qualifications

Actuarial Qualification

Outputs

• Maintain and enhance existing recognition and reward frameworks ensuring commercial alignment and optimising profitability.

• Develop and implement research methodologies and techniques that enable business reporting and decision making.

• Scan the internal and external environment, investigate alternative operating plans or models, and offer specialist advice to deliver a competitive advantage

• Draw on own technical or professional knowledge and experience to identify opportunities and develop solutions to solve practice related and tactical problems.

• Translate technical information into useable business intelligence to support effective decision making.

• Provide input to product focused teams on commercial viability of product launches, changes and enhancements.

• Build and maintain strong relationships with key internal and external stakeholders to facilitate delivery and implementations of initiatives being driven.

Process

• Apply relevant research methodologies, tools and techniques to effectively and purposefully gather information.

• Adhere to identified best practices in providing advice and support from a specialist perspective.

• Perform required actuarial and other analyses for management reporting, and make recommendations to support these analyses.

• Collate data related to customer and market requirements and analyse to provide information to inform optimal product solution development.

• Stay abreast with latest actuarial development tools and techniques in order to conduct analysis in an informed manner.

• Accountable for the execution of specialised work including the improvement of quality, standards and outputs within defined work routines and operating procedures.

• Proactively solves problems, determines root-cause and applies solutions in line with guidelines and providing the necessary information to solve problems related to area of specialisation.

• Plan for own task execution and advises on improvements related to area of specialisation.

• Determines probabilities and assesses risk (in moderately complex cases) through the application of mathematical modelling techniques and statistical concepts.

• Translates and communicates straightforward specialist area information to users in a practical and usable format to enhance business utility.

• Makes preliminary recommendations (under guidance) to existing products based on market needs , product performance and competitor analysis to increase sales volume and productivity.

Customer

• Ensure own understanding and adherence to customer service delivery and Treating the Customer Fairly (TCF) principles to provide specialist support and guidance.

• Provides specialist advice and support in area of accountability and checks with senior actuarial resources to ensure that identified solutions and recommendations are appropriate and effective.

Finance

• Adhere to specified standards, policies and procedures to prevent potential losses/wastage related to the area of specialisation.

Learning and Growth

• Interact proactively with others for the purpose of continuous knowledge sharing; and integration of own new knowledge.

• Contribute positively to own area-specific knowledge improvement associated with area of specialisation.

Governance

• Comply to set governance and compliance procedures and processes related to an area of work and continuously identify, rectify and escalate risks where necessary.

Competencies

• Ability to solve complex problems.

• Stakeholder management through excellent written and verbal communication.

• Self-motivated.

• Produce a high standard of work with an appropriate level of attention to detail.

• Ability to translate technical results into business actions.

• Proactivity, accountability and the ability to work independently.

• Ability to work under time pressure.

Technical Competencies

• Research and Information Gathering (Basic)

• Quantitative Skills (Intermediate)

• Modelling (Basic)

• Statistical and Mathematical Analysis (Intermediate)

Behavioural Competencies

• Professional/Technical learning (Basic)

• Organisation and Attention to Detail (Basic)

• Interpersonal Effectiveness (Basic)

• Problem Solving and Analysis (Basic)

• Teamwork and Cooperation (Basic)

• Communicating with Impact (Basic)

• Relationship Management and Networking (Basic)

• Customer Orientation (Basic)

Liberty Group Limited is an equal opportunity, affirmative action employer. In compliance with the Employment Equity Act 55 of 1998 and the group's Transformation Strategy, preference will be given to suitable candidates from designated groups whose appointments will contribute towards the achievement of equitable demographic representation of our workforce profile and add to the diversity of the organisation.