Senior Actuarial Analyst | Johannesburg - Gauteng
Provide actuarial technical support and coach/mentor junior analysts within the STI CorporateActuarial team. Regularly produce reserve estimates using commonly used reserving methods, monitor reserve development experience, and assist with quarterly and annual regulatory solvency reporting.available.Extract claims data on a monthly basis tomonitor reserve development and perform monitoring investigations to explain deviations. Withtrends observed, set assumptions and calculate reserves on a semi-annual basis that will bepresented to Business, Audit and other external parties for approval. Validate financial informationreceived and transform it for the solvency models. Using financial information and other extracteddata, calculate solvency position and populate regulatory returns. Review changes in data used insolvency models to explain changes in solvency results. Report and present on solvency results tointernal and external stakeholders.Stakeholder EngagementCollaborate with internal (Actuarial) and external (Business) stakeholders. Keep stakeholdersinformed and up to date with project/analysis delivery and provide clear and concise feedback tostakeholders. Maintain measurable service levels on business requests and provide feedback thatspeaks to the business issue observed. Be on time and prepared for meetings with Business.Data Collection and AnalysisUse data from a wide range of sources to analyse key themes and identify possible impacts on thebusiness. Extract and verify data (largely using SAS ) used for actuarial modelsreserving andregulatory reporting work. Build data specifications or templates where data may be needed fromexternal parties. Data/information to be reconciled against credible data sources (for examplefinancials) to ensure the data is complete and accurate. Ensure definitions and assumptions arealigned to the problem statement. Before data is used for analysis / modelling, review and acquirethe required signed-off from the Technical Manager.Actuarial ModellingDevelop, maintain and implement actuarial models and processes. Models to be fit for purpose andable to estimate the reality accurately. Models (and any form of estimation) to be clearlydocumented with the scope of use, definitions, data, and assumptions made. Regularly monitorreserving models to ensure model performance and that they are communicated back to thebusiness. Before Models are used for estimation within the Business, the Senior Actuarial Analystshould review and acquire signed-off.Model deployment and testingEffective impact and sensitivity analysis to be performed before any deployment is done. Translateresults from the impact/sensitivity analysis to Business, to provide insight and what various pricingchanges will mean to profitability and policy growth within all brands and distribut https://protool.gumtree.co.za/external-link-browser.html?urlaHR0cHM6Ly9lbi16YS53aGF0am9icy5jb20vY29vcG9iX19jcGxfX18xMTA4XzYyMzgyX180OTc/dXRtX3NvdXJjZT1ndW10cmVlJnV0bV9tZWRpdW09ZmVlZCZrZXl3b3JkPQ&jid1218293&xid1108_62382
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