Actuary (Fellow)
The Focus Group
- R Undisclosed
- Permanent Senior position
-
Randburg
- Posted 23 Jun 2025 by The Focus Group
- Expires in 33 days
-
Job 2614651
About the position
Key Purpose
The main purpose of this role is to use data analytics skills to enhance retention and distribution strategies, improving business processes, identify product opportunities, assist overviewing product implementation specs and vetting scenarios to ensure products are implemented as designed and that administrative system values are actuarially sound.
Responsibilities and Objectives of this role
- The successful applicant will be responsible for but not limited to the following broad job functions:
- Using data analytics skills to optimise business processes, new business volumes and enhance retention and distribution strategies
- Be involved in developing new innovative product ideas and analysing experience to aid the pricing team
- Building MI data visualisation dashboards to help senior management making decisions affecting retention and distribution strategies
- Planning for new products, serving as the link between systems and actuarial & ensuring products are built as required
- Review new product specifications and implementation actuarial vetting scenarios
- Analyzing servicing scenarios and identifying possible system constraints on product design
- Ongoing involvement in addressing individual policy queries and issues
- Assisting with ad-hoc investigations and analyses including quantifying the financial impact of possible misalignment of actuarial specification and system implementation
- Applying actuarial knowledge to solve non-standard problems
Required Competencies
- Self-starter able to show initiative and drive projects to completion with guidance.
- Applying Expertise and Technology
- Analysing
- Creating and Innovating
- Working with People
Education and Experience
Essential
- Qualified Fellow Actuary
- MS Excel – Proficient
- Database experience (SQL)
- Must have experience with statistical software (R and/or Python)
- Programming experience and understanding. (e.g. VBA)
Advantageous
- Industry experiences applying ML/ regression models in analytics
- Previous systems work or software testing/ coding experience.
- Invest and/or Life insurance 3 – 10 years’ industry experience
Desired Skills:
- Actuarial Analysis
- Analyzing Data
- Business Process Development
- Business Systems Analysis
- Data Science
- Systems Integration
The Focus Group
About the agency
THE FOCUS GROUP was formed in 1989 and has offices in Johannesburg and Cape Town. We are a full service Human Resource Consulting Company, encompassing Black Empowerment joint venture partner Focus Kamoso, and offering a comprehensive range of integrated recruitment, assessment, employee relations, training and development, HR, employee benefit and payroll management services to a wide range of South African, African and international business organisations.
Our commitment is to enter into a partnership with you, the Client, which adds value to your business and profit to your bottom line, by tailoring solutions that assist you to
• Source, assess and select the best possible human resources.
• Design and implement competency based training programmes, which ensure that your employees are capable of delivering the service excellence that your clients demand, and the competitive edge which you seek to maintain.
• Create a business environment in which you manage change to your advantage and an organisational climate that allows your team to perform to its maximum potential.
• Design employee benefit and remuneration structures which ensure that your people take ownership of your business and which protect you against losing your most valuable resource to your competition.
• Implement an employee relations framework that promotes workplace harmony and minimises the occurrence of disruptive legal disputes.
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