Senior Actuary: Team Leader
Cape Town

Manage an actuarial team to ensure the effective development and management of competitive Investment and Saving solutions that address specific client needs to enhance the client value proposition across segments.

The Investment and Saving Solutions team is responsible for, but not limited to, the following solutions: endowments, tax-free savings plans, retirement annuities, preservation fund plans and retirement income solutions (i.e. life annuities).

• Perform and/or review experience investigations, modelling and data analysis using specialised software to develop new investment and saving solutions and monitor experience on existing investment and saving solutions.
• Develop, maintain and/or review pricing models and bases. Prepare product health and governance reports and present insights derived from analyses, to support decision-making and inform appropriate actions through various options and scenarios.
• Analyse product related data from various sources to assess completeness and accuracy, identifying potential errors and irregularities, to ensure accuracy of client and product insights and analysis.
• Conduct relevant research to inform pricing and design assumptions, projections and advice provided to the business, and to develop own expert opinion.
• Source and analyse competitor investment and saving products to provide insight into product design and pricing models.
• Contribute to continuous innovation in investment and saving solution design and processes through the development, sharing and implementation of new ideas.
• Provide technical actuarial support to the Investment and Saving Solutions team and other relevant business areas to support various initiatives.
• Ensure technical product and legislative, regulatory and compliance knowledge are always current to propose the most relevant and innovative client solutions and comply with governance requirements.
• Build and maintain relationships with various internal and external stakeholders, such as IT, distribution, legal, service, claims, asset management and valuations.
• Develop and maintain productive and collaborative working relationships with peers, clients, and stakeholders.
• Make recommendations to improve client service and fair treatment of clients on investment and saving solutions.
• Positively influence and participate in change initiatives.
• Identify solutions to enhance cost effectiveness and increase operational efficiency of investment and saving solutions.
• Provide input into the risk identification and mitigation processes and communicate recommendations in the appropriate forums.

• Degree in Actuarial Sciences, Statistical Analysis, Mathematics, or related field
• Qualified Actuary (FASSA/FIA/etc.)
• Knowledge on actuarial modelling and statistical analysis techniques
• 3 to 5 years’ actuarial work experience
• 2 to 3 years' experience in the financial services or insurance industry (desirable)
• 1 to 2 years' people management experience (desirable)
• Product development or pricing experience preferred
• Proficient in MS Office Packages (MS Outlook, MS Word, MS PowerPoint, MS Excel)
• Experience in the following will be an advantage:
• Risk Agility Financial Modeler (like Moses)
• Prophet;
• SQL;
• VBA m30.11m