SENIOR ACTUARIAL ANALYST
Provide actuarial technical support and coach / mentor junior analysts within the
STI Actuarial team. Use statistical models to analyse data and calculate the
probability of and costs associated with certain events.
Business Requirements Identification
Analyse business requirements and to identify root cause rather than reacting to
Collaborate with internal (Actuarial) and external (Business) stakeholders. Keep
stakeholders informed and up to date with project / analysis delivery and provide
clear and concise feedback to stakeholders.
Data Collection & Analysis
Use data from a wide range of sources to analyse key themes and identify
possible impacts on the business.
Develop, maintain and implement actuarial models and processes. Models to be
fit for purpose and able to estimate the reality accurately.
Model deployment and testing
Effective impact and sensitivity analysis to be performed before any deployment
Translate results from the impact / sensitivity analysis to Business, to provide
insight and what various pricing changes will mean to profitability and policy
growth within all brands and distribution channels.
Maintain and develop documentation on model / pricing
Insights and Reporting
Translate the monitoring results so they can be understood by Business.
Provide an ecosystem where data and data analysis is nimble and easy to
access by any team member.
Provide insights from monitoring to inform the Business of future modelling
Review of results on a regular basis and ready to be presented to the Actuarial
Improvement / Innovation
Review existing operations in own area of work and implement innovation
processes to generate new ideas and ensure continuous improvements are
Leadership and Direction
Explain the local action plan to support team members in their understanding of
what needs to be done and and how this relates to the broader business plan
and the organisation''s strategy, mission and vision; motivate people to achieve
local business goals.
Identify, within the team, instances of non-compliance with the organisation /
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.
Bachelors / Honours degree in Actuarial Science or similar (Essential); Qualified
or making good progression toward Actuarial qualification (Essential)
2 or more years actuarial experience within a Short-Term insurance environment
1 or more years experience in general supervision of more junior colleagues e9.4t