Job Purpose: Responsible for driving risk and compliance or product delivery in the actuarial team. Provide actuarial technical support and develop models. Manage and take accountability for the delivery of actuarial outcomes. Coach and mentor analysts within the actuarial team. Use statistical models to analyse data and calculate the actuarial metrics. Responsibilities: Stakeholder Engagement: Collaborate with internal (Actuarial) and external (Business) stakeholders to find out their needs/issues/concerns and reacting to these by leading and coordinating the development of stakeholder engagement plans to support the communication of business information and decisions. Keep stakeholders informed and up to date with project/analysis delivery and provide clear and concise feedback to stakeholders. Do proactive research and identify opportunities prior to meetings with Business. Provide sound financial and technical advice to business. Actuarial Modelling: Undertake strategic and tactical financial analysis, modelling, and evaluation to support business leaders in their decision making. Develop, maintain and implement actuarial models and processes. Models to be fit for purpose and able to estimate the reality accurately. Models (and any form of estimation) to be clearly documented with the scope of use, definitions, data, and assumptions made. Monitor models to ensure model performance and that they are communicated back to the business. Assess business implications and make recommendations to ensure compliance (where the standard allows for discretion). Organizational Capability Building: Use the organization’s formal development framework to identify the team’s individual development needs. Plan and implement actions, including continuing professional development specified by professional or regulatory institutions, to build their professional capabilities. Enhance the capability of the team members and existing models to enhance technical capability. Mentoring and coaching of analysts on a technical and professional front. Audit Compliance: Plan and manage the delivery of an audit program in a single discipline, ensuring that it addresses identified risk areas. Monitor the closeout of audit findings to ensure that agreed corrective actions are implemented and that risks are managed effectively; refer to major issues or inadequate responses through the management line. Maintain standards of integrity and professionalism as set out by the Actuarial Society of South Africa. Ensure compliance with international accounting standards. Improvement / Innovation: Initiate, formulate and implement new business or innovative practices within a specific discipline while managing the development and/or delivery. Stay up to date with Business developments and develop solutions proactively within Business. Continuous development/research of modelling techniques or products and feature engineering. Leadership and Direction: Communicate the actions needed to implement the function’s strategy and business plan within the team; explain the relationship to the broader organization’s mission, vision and values; motivate people to commit to these and to doing extraordinary things to achieve local business goals. Performance Management: Develop and propose own performance objectives; take appropriate actions to ensure achievement of agreed objectives, using the organization’s performance management systems to improve personal performance. Manage and report on team performance; set appropriate performance objectives for direct reports or project / account team members and hold them accountable for achieving these, taking appropriate corrective action where necessary to ensure the achievement of team / personal objectives. Model deployment and testing: Plan and deliver the business requirements and manage the team on a day-to-day basis to meet business timelines to ensure quality. Analyse the results, to ensure the model is performing as expected and producing the results required. 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 on implications to profitability. Maintain and develop documentation on model and 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 for financial reporting. Project Management: Manage major projects in line with overall project management strategy. Meet project deadlines for the business. Drive priorities for the project at a level. Insights and Reporting: Contribute to the design and creation of reporting strategies and templates. Lead execution of complex reports, identifying and interpreting complex patterns and trends, and translating those insights into actionable recommendations. Ensure status updates are communicated to the relevant stakeholders and build and translate the monitoring results so they can be understood by Business. Provide an ecosystem where data and data analysis are nimble and easy to access by any team member. Provide insights to inform the Business of future modelling endeavours. Ensure reports are accurate and complete and regularly validated against credible data sources. Review of results on a regular basis and ready to be presented to the Executives in business. Technical Competencies: Modelling: Use comprehensive knowledge and skills and guide and train others to develop financial and economic models for planning and monitoring purposes. Prophet Modelling. Compliance: Use comprehensive knowledge and skills and guide and train others to achieve full compliance with applicable rules and regulations in management and/or operations. Actuarial Society of South Africa. Numerical Skills: Use a comprehensive understanding of numerical concepts to perform mathematical operations such as report analysis, while providing guidance and training to others. Strong background in mathematics and statistics. Planning and Organizing: Use comprehensive knowledge and skills and guide and train others to plan, organize, prioritize and oversee activities to efficiently meet business objectives. Computer and Software skills: Support business processes with comprehensive understanding and effective use of standard office equipment and standard software packages, while also providing guidance and training to others. Actuarial and statistical software; Advanced Microsoft Office… Data Collection and analysis: Guide and train others to analyse data trends for use in reports to help guide decision making. Review and Reporting: Apply comprehensive knowledge and skills and guide and train others to review and create relevant, lucid and effective reports.Action Planning: Use comprehensive knowledge and skills and guide and train others to develop appropriate plans or performing necessary actions based on recommendations and requirements. Analytical Processes: Use comprehensive knowledge and skills and guide and train others to support research schedules using appropriate analytical processes and procedures. Verbal and written Communication: Applies comprehensive knowledge to act independently while providing guidance and training to others on using clear and effective verbal communications skills to express ideas, request actions and formulate plans or policies. Presentation skills: Uses comprehensive knowledge and skills to communicate with other people independently while providing guidance and training to others on speaking in a clear, concise and compelling manner. Data Management: Provide technical guidance when required to acquire, organize, protect and process data to fulfil business objectives.Education: Bachelors / Honours degree in Actuarial Science or similar (Essential); Specialized in Life technical subjects (Essential); Associate Actuarial member of South Africa (Essential); Fellow of the Actuarial Society of South Africa (Advantageous)Experience: General Experience: 5 or more years experience within the long-term insurance industry (Essential); Valuation or Life product experience (Essential); Prophet experience (Essential); Experience in model building (Advantageous)Managerial Experience: 2 or more years experience of supervising and directing people and other resources to achieve specific end results within limited timeframes (Essential) #J-18808-Ljbffr