Specialist: Actuarial Underwriting - Johannesburg
R
250k-350k
per annum
Johannesburg, Gauteng
Johannesburg,
Gauteng
more than 14 days ago
24-04-2014 6:51:50 AM
22-05-2014 6:51:50 AM
Detailed Description
· Development; maintenance and control of pricing structures ensuring key underwriting/financial metrics within the business plan are achieved.
· Apply the control cycle for all pricing actuarial work:
· Collect & analyse, build models, implement, monitor, refine.
· Deploy and test pricing models
· Collect data for all actuarial work
· Apply actuarial / statistical techniques for pricing.
· Build and maintain rate and test models
· Provide input into the rate engine /Black box design specifications.
· Build models to profit test new products as well as changes to existing products
· Monitor trends and advise business accordingly.
· Design and implementation of corrective actions into the business.
· Compile the Monitoring pack for EXCO ensuring that insights are provided.
· Provide Ad hoc analytically support and in-depth investigations for actuarial purposes e.g. (Claims; CPI, Procurement), SIU / Fraud.
· Compile Portfolio Management reports for entire division
· Contribute to the setting of parameters for the budgeting and business planning cycle
· Contribute to specialized analytic assignments and projects where required
· Assist with data collection and analysis for Group Schemes and UMA’s
· Provide support to Operations as required.
· Maintain service, quality and desired outputs within a specific functional process through ensuring compliance to tactical policies, procedures and standards.
· Resolve escalated technical referrals and provide feedback to customers on matters resolved.
· Develop work routines in line with operational plans / schedules in order to manage achievement of service delivery goals
· Measure and monitor service delivery compliance of team.
· Share knowledge on, and participate in the creation of new standards, control systems and procedures to maintain service delivery.
· Align own behavior with the organisation culture and values.
· Share and transfer product, process and systems knowledge to colleagues.
· Collaborate and work with the team members to ensure required service levels are delivered.
· Actively participate in the team to ensure functional balanced scorecard objectives are achieved.
· Ensure achievement of own performance objectives.
· Actively share information with other team members regarding successes, issues, trends and ideas.
· Actively participate in own professional development and career path.
· Develop and encourage strong team work
Job Requirements
· Relevant Actuarial degree
· Desirable
· Excellent knowledge of data manipulation and statistical techniques (especially GLMs)
· Knowledge of programs such as Premium/Emblem/SAS will be an advantage
· Essential:
· Experience in an actuarial, specifically short-term, environment will be an advantage Additional Details
· Expert level knowledge and application of quant models to determine potential risk exposure
Amount of Travel No Travel