Senior Specialist: Actuarial - City Of Johannesburg Metro Verfied

Salary Negotiable City Of Johannesburg Metro, Gauteng City Of Johannesburg Metro, Gauteng more than 14 days ago 20-08-2019 8:24:19 AM
15-10-2019 8:24:19 AM
Snr Specialist: Actuarial
Reference #: 64872 | Version: v1.0.0

Purpose

To provide specialist advice and support in the development and implementation of area of specialisation,enabling the provision of sound commercial and financial expertise.

Basic Information (Attributes)

Job Family: Actuarial
Level of Accountability: 2S
Grade:
OFO: Actuary - (***)-***-****
Occupational Level: Professionally Qualified & experienced Specialists/Mid-Management
Minimum Experience: 3 - 5 years experience in a similar environment, of which 1 -2 years at a junior specialist level
Critical Job:
Credit Check:
Suitability for Persons with Disability:
FAIS Requirements: This role requires the incumbent to successfully achieve the requisite regulatory checks, qualifications and accreditation to be classified as a Representative (Rep) as specified by the FSCA.


Financial Accountability

Type of Budget Size of Budget (ZAR) Type of Accountability


Minimum Qualifications

Qualification Type Academic Field Academic Sub-Field NQF
Bachelor`s Degrees and Advanced Diplomas Business, Commerce and Management Studies Finance Economics and Accounting NQF Level 07

Other Minimum Qualifications/Professional Memberships: Not Applicable

Outputs

Process
LoW Accountable for the improvement of quality, service and work outputs, continuously recommending improvements.
LoW Plan for the organisation of work outputs and process improvement activities in light of a specific situational context related to the area of specialisation.
LoW Proactively identify area of specialisation related problems, determine cause and effect and recommend the best option to implement corrective action based on previous experience.
GEN Consult in area of expertise to provide specialist input into the development and amendment of policies, processes and procedures.
GEN Create and update database/s with findings, recommendations and relevant information to enhance the identification of trends and analysis.
GEN Determine probabilities and assess risk through the application of mathematical modelling techniques and statistical concepts.
GEN Identify, diagnose and recommend improvements and provide specialist advice & support; ensuring that solutions are appropriate and effective.
GEN Make recommendations to existing products based on market needs, product performance & competitor analysis to increase sales volume & profitability.
GEN Perform required actuarial and other analyses for management reporting, and make recommendations to support these analyses.
GEN Translate and communicate complex specialist area information to users in a practical and usable format to enhance business utility.
GEN Understand and apply existing best practice frameworks to assist in the implementation of identified subject matter processes and standards.

Customer
LoW Provide specialist expertise and advice to internal/external customers, that builds strong relationships and creates a favourable impression aligned to Treating the Customer Fairly (TCF) principles.

Finance
LoW Adhere to financial controls, governance and compliance policies and processes throughout an area of specialisation, contributing to cost efficiency.

Learning and Growth
LoW Contribute positively to human capability improvement, related to knowledge optimisation and associated with area of specialisation.

Governance
LoW Comply to risk and governance policies, implement and provide subject matter input to the development of related processes, applicable to the area of specialisation.

Competencies

Behavioural Competencies

LoW Customer Orientation
Demonstrates a detailed understanding and application of customer focus
Competency Definition: Puts customers first and is eager to please them in line with company standards. Develops and sustains productive customer relationships.
Behavioural Indicators: Anticipates how plans and actions of the business will affect the customer in the short term.Coaches others to forge relationships with customers and add value. Takes customer issues to the appropriate people within the organisation to obtain the most accurate information to meet customer needs. Implements a methodical and consistent approach towards customer service and achieving quality results.

LoW Teamwork and Cooperation
Promotes a culture of teamwork within the team under ones supervision
Competency Definition: Cooperates with others to accomplish common goals; works with employees within and across his or her department to achieve shared goals; values the contributions of others
Behavioural Indicators: Consistently works with others to accomplish goals and tasks. Provides balanced feedback to improve team collaboration and functioning on a continuous basis. Regularly initiates communication to help solve interpersonal team conflicts and problems. Treats all team members with a respectful, courteous, and professional manner; supports team despite different points of view or setbacks.

LoW Problem Solving and Analysis
The ability to systematically identify, analyse and resolve existing and anticipated problems
Competency Definition: Must be able to systematically identify, analyse and resolve existing and anticipated problems in order to reach optimum solutions in a timely manner
Behavioural Indicators: Demonstrates an ability to quickly assess a situation and determines best operational strategy for resolution. Ensures that decisions are made based on policies, rules, and organisational directives in order to solve problems in the best interests of all stakeholders.

LoW Interpersonal Effectiveness
Works with and influences others towards realising goals and objectives
Competency Definition: The ability to influence a wide range of diverse individuals and groups positively
Behavioural Indicators: Ensures that people in the unit understand how their work relates to the business goals and objectives. Provides clear direction or gains compliance from others. Recognises and encourages the behaviours that contribute to relationship management. Works cooperatively with others to produce innovative solutions.

LoW People Management and Empowerment
Independently develops and applies more advanced concepts and methods. Plans and guides the work of others.
Competency Definition: Must be able to manage and encourage people, optimise their outputs and effectively manage relationships, to achieve organisational goals. Actively seeks opportunities to acquire and develop relevant knowledge to apply at work.
Behavioural Indicators: Adheres to internal and industry standards with regard to human resource practices; Identifies competencies required & suitable resources for specific tasks.Facilitates team goal setting and problem solving.Recognises differences between individuals,cultures and teams and provides developmental feedback in accordance with performance management principles.Seeks opportunities to increase personal and team contribution.

LoW Communicating with Impact
Noticeable increase in vocabulary depth and breadth when communicating
Competency Definition: Must be able to exchange information and ideas in a clear and concise manner appropriate for the audience, in order to explain, persuade, convince and influence other to achieve the desired outcomes.
Behavioural Indicators: Understands why clear and direct communication is important. Demonstrates the ability to listen actively. Understands the different types of messages and mediums (e.g. email, face to face) to communicate in. Understands the importance of tailoring the conversation to the audience. Able to take other's perspectives into account when communicating.

LoW Professional/Technical learning
Ability to enable self and others to achieve advanced levels of professional/technical knowledge and skills
Competency Definition: Must be able to demonstrate willingness and support for learning and development opportunities in own discipline and area of expertise.
Behavioural Indicators: Ensuring that professional/technical knowledge and skills are maintained and improved on a constant basis. Guides others towards personal mastery. Integrates and applies newly acquired skills and knowledge. Participates successfully in learning interventions (e.g. courses and seminars).

GEN Relationship Management and Networking
The ability to form and foster relationships with others towards a common goal
Competency Definition: The capacity to develop and maintain personal and working relationships, and foster an organisational culture that promotes optimal individual job performance and overall organisational effectiveness
Behavioural Indicators: Creates and nurtures important professional contacts. Engages in information exchange. Maintains a personal list of contacts. Participates in networking and social events both internally and externally to the organisation. Seeks opportunities to partner and transfer knowledge on a group level.


Technical Competencies

JF Customer Advice (Technical)
2 Applies concepts of knowledge / skill and requires guidance but not constant supervision
Competency Definition: Provides technical knowledge and advice to internal customers to assist in decision making and address client needs
Behavioural Indicators: Shares accumulated knowledge and experiences with others. Captures and builds knowledge in defined processes. Applies knowledge, tools and technical expertise to support value creation, tailoring it to the specific needs of the client.

GEN Statistical and Mathematical Analysis
3 Applies concepts of knowledge / skill without requiring supervision; also able to provide technical guidance when required
Competency Definition: Builds, analyses and interprets numerical and non-numerical data to determine potential risk exposure and statistical inferences to inform business decisions.
Behavioural Indicators: Deep experiential knowledge and understanding statistical and mathematic analysis. The ability to use different techniques and system tools to determine advance trends. Ability to analyse completed statistical and mathematical analysis in order to recommend improvements or enhancements. Understands the business context within which the results will be used.

JF Modelling
2 Clear knowledge and application of institutional administrative activities.
Competency Definition: Understand principles and applications of modelling
Behavioural Indicators: Skilled in obtaining data required for modelling. Sound understanding of the use of data in the building of models. Sound understanding and skilled in the use of different modelling techniques. Knows how to work with the limitations of each technique.

GEN Product and/or Service Knowledge
2 Clear knowledge and application of institutional administrative support activities.
Competency Definition: Provide a service or sell a product through an awareness of the product or service
Behavioural Indicators: Able to differentiate between the different products and/or services available to customers and able to handle enquiries that fall within these terms. Knowledge and understanding of product features and benefits and application to various situations and able to handle enquiries that fall within these terms. Able to solve product/service usage problems using product knowledge. Demonstrates good knowledge of product and/or service branding.

JF Reporting and Interpretation
2 Applies concepts of knowledge / skill and requires guidance but not constant supervision
Competency Definition: Prepares accurate reports to satisfy risk reporting requirements, with relevant interpretation of analyses for business users
Behavioural Indicators: Manipulates data to produce basic reports in a timely fashion. Applies rigour to data gathering and analysis to ensure accuracy. Responds and resolves basic queries in a timely fashion.

JF Research and Information Gathering
2 Applies concepts of knowledge / skill and requires guidance but not constant supervision
Competency Definition: Ability to review and study relevant information from various sources to develop new information; Ability to identify primary and secondary authorities to validate the research
Behavioural Indicators: Conducts advanced analysis on the relevant industry and provides research findings to enable recommendation formulation.

GEN Formal Research Practice
3 Applies concepts of knowledge / skill without requiring supervision; also able to provide technical guidance when required
Competency Definition: Ability to acquire a greater understanding of trade, economics or relevant subject under study through the application of formal research methodologies
Behavioural Indicators: Proactively identifies the need for, initiates, plans and manages research projects. Able to present findings and reports at important meetings. Translates research reports into lucid and valid summaries and gives effective presentations of the findings. Leads a team of colleagues working on research projects. Conducts major and multiple research projects. Advises on the formulation and revision of policies in the light of research findings.

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