Actuarial Analyst

Johannesburg, Gauteng, South Africa

Job Description


About the job Actuarial AnalystActuarial AnalystMinimum Requirements:

  • Matric (Grade 12)
  • Honours degree in Actuarial Science and/or Mathematical Statistics
  • CT subjects completed
  • TASSA qualification
  • Nearly/newly qualified Actuary
Responsibilities:
  • Execute international carrier strategy by innovating and leading delivery of benefits and features that meet the partner Insurers business objectives.
  • Lead multiple concurrent large-sized projects from the phase of conceptualization through to implementation, operationalization, and post-implementation management.
  • Act as a consultant in guiding and improving a partner Insurers new and
existing product suite, features, growth, and engagement strategies. * Maintain awareness of trends and innovations in telematics, behaviour change programs, customer experience, technology, gamification and short-term insurance.
  • Collaborate with numerous stakeholders both internal (e.g. marketing, systems, graphics, data analysts, compliance, legal and usability specialists) and external to develop projects that are engaging and provide a memorable customer experience.
  • Manage work priorities and ensure that work within each stream is completed on schedule, within budget and with a maximum ROI to the Insurer.
  • Ensure that the system's solution is efficient, and that unnecessary build complexity doesnt compromise short-term and long-term sustainability goals of the project.
  • Contribute to formal and informal research to aid in the design and improvement of products and features.
  • Build business case models to validate Shared Value Insurance and actuarial surplus unlocked through the Vitality Drive Program.
  • Create presentation decks and specification documents for programs during the conceptualization phase.
  • Develop unique data and program insights as input into experience review presentations presented to carriers periodically.
  • Develop standardised reporting to track key metrics on large-scale initiatives for new and existing carriers.
  • Present to various internal and external stakeholders to get buy-in and approval.
  • Participate in feasibility, solutioning, and relevant forums to co-create project solutions.
  • Approve system user specifications.
  • Approve marketing content and user experience / member journeys to ensure they are in line with the project's strategic goals.
  • Liaise with business leads (e.g. marketing, systems, project office, finance) to ensure their requirements are meet through a projects
strategic and functional objectives. * Proactively monitor and manage a set of specified projects, innovating where necessary to ensure that they continue to engage program users and fulfill Insurers goals.
  • Provide analytical perspective on program performance (in respect of benefit utilization, driver score experience, behavioural outcomes, digital engagement) relative to market-related assumptions to inform adequacy of product design and recommendations for review.
  • Perform longitudinal, cross-sectional and segmentation analysis to support international partners in their strategies for campaigns, logistics, performance review.
  • Develop actuarial/statistical models; and detailed business cases to aid in decision-making.
  • Exercise financial prudence and keen business acumen in the pricing and review of products to ensure long-term sustainability of commercial arrangements and partner economics.
  • Demonstrate value to Insurers with reference and in support of the
  • Shared Value Insurance framework.
  • Manage and maintain strategic relationships with international partners
and stakeholders across the Group.

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Job Detail

  • Job Id
    JD1340658
  • Industry
    Not mentioned
  • Total Positions
    1
  • Job Type:
    Full Time
  • Salary:
    Not mentioned
  • Employment Status
    Permanent
  • Job Location
    Johannesburg, Gauteng, South Africa
  • Education
    Not mentioned