Join TIH, home to some of South Africa’s leading financial service providers, and grow your career while being part of an organisation with purpose.

Job Purpose

Manage a team of Actuarial Analysts within the STI Actuarial team that support the Business goals as set out by senior management by effectively modelling and monitoring business Actuarial solutions.

Responsibilities

Business Requirements Identification
Analyse business requirements and to identify root cause rather than reacting to symptoms.
Business requirements need to be clearly documented within the scope of use, definitions and assumptions made.
Develop solutions that address business requirements and objectives.
Refine solutions over time as more information becomes available

Building Capability
Mentor and coach staff on a technical and professional front. Ensure staff develop further skills and capabilities to ensure better model development.
Assist staff to increase own capacity to automate processes.
Encourage staff to leverage each other's strengths, to improve the teams overall performance.

Stakeholder Engagement
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.
Maintain measurable service levels on business requests and provide feedback that speaks to the business issue observed.

Data Collection & Analysis
Use data from a wide range of sources to analyse key themes and identify possible impacts on the business. Recommendations could be technical or professional in nature.
Extract and verify data used for actuarial models. Data/information to be reconciled against credible data sources (for example financials) to ensure the data is complete and accurate.
Ensure definitions and assumptions are aligned to the problem statement.

Actuarial Modeling
Translate business objectives into clearly defined business cases, costs, and schedules to support growth in the business.
Ensure that actuarial models and processes are developed, implemented and monitored.
Models to be fit for purpose and able to estimate the reality accurately.
Ensure that there are process documents in place to ensure that the models can be understood by external stakeholders.
Ensure processes are in place to reduce the risk of incorrect modelling and support new user.

Model deployment and testing
Plan and deliver system changes and manage the team on a day-to-day basis to meet project timelines and quality requirements.
Engage with users to identify requirements and work with the team to design solutions.
Effective impact and sensitivity analysis to be performed before any deployment is done.
Translate results from the impact/sensitivity analysis to Business to provide insight and what various pricing changes will mean on profitability and policy growth within all brands and distribution channels.
Clearly state what needs to be deployed and how testing will be done to ensure the deployment is successful.
Ensure monitoring processes are in place to measure the performance of the model/pricing.

Insights and Reporting
Prepare and coordinate the completion of various data and analytics reports.
Create, present, and communicate insights and recommendations to stakeholders.
Ensure monitoring is accurate and complete and regularly validated against credible data sources.

Improvement / Innovation
Identify shortcomings in existing business practices, then suggest and implement improvements while developing and delivering projects or a work stream within the organisation's change management program.
Stay up to date with Business developments and develop solutions proactively with Business.
Maintain continuous development/research of actuarial techniques and share insights with the team.
Find an effective way to improve on efficiencies across the business.

Leadership and Direction
Identify and communicate the actions needed to implement the function's strategy and business plan within the business area or department; explain the
relationship to the broader organisation's mission, vision and values and motivate people to commit to these.
Stay engaged and dedicated to achieve the business goals.

Performance Management
Manage and report on the performance of the team; set
appropriate performance objectives for direct reports or project / account team members and hold them accountable for achieving these; take appropriate
corrective action where necessary to ensure the achievement of team / personal objectives.
Manage the development of pipelines and succession planning as well as performance scoring and management. This includes team administration, the setup of performance contracts and ensure the alignment of the performance management process to the business objectives.

Operational Compliance
Monitor and review performance and behaviors within area of responsibility to identify and resolve non-compliance with the organisation's policies and relevant regulatory codes and codes of conduct.
Maintain standards of integrity and professionalism as set out by the Actuarial Society of South Africa.
Apply appropriate techniques in alignment with APN's.

Education

Bachelor of Science: Actuarial Science (Required)

Experience

1. 5 or more actuarial experience (Essential); 3 or more years' actuarial experience within a Short-Term insurance environment (Essential); 1 or more years’ experience of planning and managing resources to deliver predetermined objectives as specified by more senior managers (Essential); 3 or more years’ experience in reserving, SAM and IFRS reporting (Essential); Experience in ResQ software (Advantageous)

Think you have what it takes to be part of an unstoppable team who constantly finds better ways to give peace of mind? Don't wait, apply now.