The General Insurance consulting team is expanding and has a role for an Actuarial Expert. The team assists clients in 22 countries across Africa on a range of projects varying between statutory/HAF appointments to capital optimization and reinsurance analysis as well as complex pricing models. The candidates will be reporting to the Director in the General Insurance team and providing actuarial and technical assistance to clients. The same division is responsible for Enterprise Risk and Capital Management and Data Analytics.
Responsibilities
- Capital modelling including reviews of economic capital models, building challenger models and quantitative validation of SAM standard formula
- Reinsurance reviews and stochastic optimisation including geospatial modelling
- Product pricing and design, including working with GLMs, GAMs etc
- Building projection models for ORSA and business plans
- Reviewing technical provisions including IBNR, UPR, AURR and including stochastic risk adjustment calculations in R/Python
- Producing reports, reviews and analyses results and signing on all areas of short-term actuarial services
- Assist clients across Africa with their IFRS 17 reporting requirements
- Provide technical advice to General Insurance clients across Africa
- Managing projects
- Ensure that reports include insight/value add for clients
- Supporting the head of the department
- Performing market studies and research
- Maintain and improve client relationships
Requirements
- Bachelor’s degree in actuarial science, statistics, mathematics, etc
- Strong proficiency in statistical modelling techniques and programming languages such as R
- 5 – 8 years’ experience in General Insurance, either in pricing or reserving and capital modelling
- Qualified Actuary
- Advantageous if you have the short-term insurance practicing certificate
- Experience with SAM, ORSA’s, valuations and solvency calculations will be beneficial
- Strong work ethic and highly motivated
- Excellent communication skills (both verbal and written in English), with proven ability to convey complex messages clearly and with conviction
- Ability to meet deadlines and provide regular feedback on progress
- Attention to detail
Desirable Traits
- Possess analytical and critical ability
- Ability to perform in a highly pressurized environment
- Fosters sound relationship with team members
- Maintains working relationship with all employees
- Actively participates in QED initiatives
Please note applications close on 31 March 2024
Apply for this position
Either contact our South African office with your application, or submit the form.