Analyst, Actuarial : Corporate Actuarial

Company Description

Standard Bank Group is a leading Africa-focused financial services group, and an innovative player on the global stage, that offers a variety of career-enhancing opportunities – plus the chance to work alongside some of the sector’s most talented, motivated professionals. Our clients range from individuals, to businesses of all sizes, high net worth families and large multinational corporates and institutions. We’re passionate about creating growth in Africa. Bringing true, meaningful value to our clients and the communities we serve and creating a real sense of purpose for you.

Job Description

To apply analytical, statistical and mathematical skills to analyse data in order to assist with solving of business and financial problems (particularly those involving risk). This entails calculating the probability of and costs associated with certain events, such as product failure, accidents, property damage, injury, and death. The results are used to design and price insurance policies, investment plans, pension plans and other financial instruments.

To assist with the full implementation of IFRS 17 within SIL. In particular, to assist with the data preparation and transformation for IFRS 17 purposes. To perform monthly calculations of IFRS 17. To perform investigations relating to IFRS 17 reports.

Qualifications

• Type of Qualification: First Degree
• Field of Study: BSc or BCom with actuarial majors - Honours is an advantage

Member of Actuarial Society of South Africa /Member of the Institute and Faculty of Actuaries.

• At least 6 exemptions / actuarial exam passes
• Experience Required

3 - 6 years’ actuarial experience. IFRS 17 experience preferred. Experience with data is preferred. Experience in the short-term insurance is preferred. Capital modelling and reserving experience is preferred.

Additional Information

Behavioural Competencies:

• Able to multi-task.
• Attention to detail.
• Communication skills - written, verbal and presentation skills.
• Disciplined and have high level of integrity, professionalism and trustworthiness.
• Self-motivated
• Pro-active
• Team player

Technical Competencies:

• Computer literacy (Microsoft Office)
• Specialist actuarial software package skills
• SAS statistical package (preferred), SQL (preferred).
• Actuarial processes and control cycle skills
• Reserving
• Capital modelling
• Analytical skills
• SAS statistical package (preferred), SQL (preferred).
• Reserving
• Capital modelling