| JOB NAME |
Actuarial Analyst (FTC - 6 months) [Gauteng]
POSTED BY: Land & Agricultural Development Bank
REF:LBAF 53
Date Published:Monday, August 30, 2021
Date of Expiration:Saturday, February 26, 2022 EXPIRED
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| LOCATION OF THIS JOB |
 South Africa | GAUTENG in South Africa |
| INDUSTRY |
| DEVELOPMENT FINANCE INSTITUTIONS
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| JOB TYPE |
| Contract |
| MAIN JOB DESCRIPTION |
Closing Date 2021/09/03
Reference Number LAN210830-3
Job Title Actuarial Analyst (FTC - 6 months) [Gauteng]
Division Land Bank Insurance Company
Unit LBIC
Job Type Classification Contract
Location - Country South Africa
Location - Province Gauteng
Location - Town / City Centurion
JOB ADVERT SUMMARY
1 The role of the Actuarial Analyst is to source, clean, consolidate and analyse data by using proven actuarial models to come up with a technical solutions to charge for the insurance risks and product development of the company.
2 Part of the function is to maintain and update the actuarial models/methods used in the company. This analyst will report to the Actuarial Manager of LBIC/ LBLIC.
KEY PERFORMANCE AREAS
Actuarial Capital Management & Assessment
1 Develop valuations and cash flow models
2 Develop capital management models
3 Develop the implementation plan of SAM (Solvency Assessments and Management)
4 Crafting of the ORSA report and scenario and stress testing
5 Board and Manco reporting
6 Regulatory reporting (QRTs and CPR)
Product development, Pricing and Actuarial Performance Review
1 Perform product profitability analysis and propose remedial action where necessary
2 Review and enhance existing products
3 Develop new and innovative products
4 Develop pricing models for existing and new products 3. Source and Consolidate Data for Analysis
5 Collate data from sources like claims, annual reports of competitors, FSB filings, Reinsurer reports etc.
6 Integrate data from other sources to inform the models
7 Input data to reserve tables accurately
8 Compare Pricing data and actuarial portfolio performance
Profitability Management
1 Ensure product pricing is accurate and adequate
2 Perform claims and loss ratio analysis
3 Develop of underwriting guidelines and procedures)Assist in developing an optimal reinsurance structure
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| REQUIREMENTS FOR THIS JOB |
PREFERRED MINIMUM EDUCATION AND EXPERIENCE
1 Relevant 4 year qualification in Actuarial Science or Mathematical Statistics
2 At least 3 actuarial exemptions
3 1-3 years experience Life insurance product development and pricing and valuations
4 At least 3 actuarial exemptions
CRITICAL COMPETENCIES
1 Knowledge of Actuarial Software’s (SAS, Prophet, VBA and SQL)
2 Advanced Microsoft Office
3 Actuarial Methodologies - Knowledge and understanding of the principles, regulations and legislation pertaining to acceptable actuarial policies
4 Ability to understand Financial Statement
5 Accounting Ratios
ADDITIONAL REQUIREMENTS
1 Travel as and when required
2 Extended hours as and when required
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English 
FRENCH
