Ignition Group Actuarial Analyst Jobs in South Africa
Ignition Group Actuarial Analyst Jobs in South Africa
DescriptionCompile statistical data and other information for further analysis.
Estimate the probability and likely economic cost of risk factors such as age, gender, tobacco use and events such as death, sickness, an accident, or a natural disaster.
Design, test, and administer insurance policies, investments, pension plans, and other business strategies to minimize risk and maximize profitability.
Develop, maintain, and analyse projection models
Reconcile and analyse actuarial inputs and outputs.
Perform experience investigations to compare actual experience to the expected experience to update the actuarial assumptions and models used.
Develop actuarial pricing models.
Develop models to evaluate business cases.
Interpret designs and specifications, and compile detailed product configuration specifications to implement products on to relevant administration platform.
Collate the required information to run the valuation models.
Run the valuation process and assist with the development and maintenance of valuation models.
Development of valuation models to meet the requirements of the changing regulatory and economic environment.
Support product development by learning and developing a deep understanding of the company’s administration platform.
Assist with the integration of intermediary administration platform and the company’s platform.
Review existing processes, assumptions and models used and assist with the development of a robust and well documented actuarial function.
Prepare presentations, reports, valuations and regular updates to facilitate business decisions.
Requirements
Bachelor’s degree in
mathematics, actuarial science, statistics or related analytical field
Professional actuary certification (e.g., Fellow of the Society of Actuaries or working towards one)
Minimum of 3 years progressive experience compiling data, conducting research, statistical modelling and writing reports
Experience working in related fields such as underwriting and product development
Solid background in mathematics, statistics, and business
Analytical problem-solving abilities and good attention to detail
Ability to use and develop spreadsheets, databases, and statistical analysis tools
Ability to explain technical matters to a non-technical audience
Proficient working with large data sets
Solid verbal and written communication skills
Familiarity with a wide variety of actuarial functions
Good understanding of economics and of the legislation relating to financial services
High level of numeracy, statistical and mathematical modelling
How to Apply
For more information and job application details, see; Ignition Group Actuarial Analyst Jobs in South Africa
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