Specialist: Actuarial - Midrand at Vodafone Global Enterprise

Role Purpose/Business Unit:

To provide actuarial support to the Senior Specialists: Actuarial and Head of Actuarial on all matters relating to financial reporting, valuation, product pricing and capital management 

Your responsibilities will include:

Product Development & Pricing

• The candidate will assist with developing and maintaining the actuarial pricing models and product development of life and non-life products in a competitive, profitable and sustainable manner, working closely with Vodacom’s chosen partners. Regular competitor analysis is required to ensure products remain competitive.  The candidate will also assist with product management, including ensuring that policy documents, marketing material, training guides and sales scripts are true to the original product design and specifications.

Experience Investigations

• Detailed data analysis will be performed to provide business intelligence in order to enhance decision making as well as to serve as input into valuation assumption setting. 

Data Analysis and reporting 

• Maintaining the data lake for leads data and actuarial data, monthly and daily reporting on key performance indicators.

Financial Reporting 

• Monthly and annual liability valuations are required across the life and non-life portfolios, including typical IBNR and DCF techniques for the valuation of actuarial liabilities.  The candidate will also be responsible for the development and maintenance of all valuation models; Value of New Business calculation and reporting; and for producing cash flow projections for budgeting purposes.

The Ideal candiddate for this role will have:

Competency / Performance Drivers

• Analysing
• Writing and Reporting
• Adhering to Principles and Values
• Delivering Results and Meeting Customer Expectations
• Presenting and Communicating Information 
• Adapting and responding to change
• At least 3 years of relevant work experience
• Actuarial pricing model experience for non-life insurance products is essential
• Valuation software or coding in statistical software package experience would be an advantage
• Financial Reporting
• Strong skills in Excel
• Coding experience in statistical packages
• Sound numerical, analytical and problem solving skills
• Effective interpersonal and communication skills
• Highly energetic, innovative and pro-active individual, with the ability to work independently and as a member of a team.
• Pricing experience preferred
• Actuarial pricing / valuation software or coding in statistical software package experience would be an advantage