Senior Actuarial Analyst

JOB OBJECTIVE:

The Senior Actuarial Analyst- will support the Senior Manager in the delivery of the Pricing team’s objectives. He/she is required to supervise the analysts in the delivery of pricing projects and to contribute significantly on special projects with the guidance of the Senior Manager.

MAJOR RESPONSIBILITIES:  

1. Assist the Senior Manager with the preparation of draft reports and actuarial communications on behalf of the department.

2. Oversee the following departmental projects including, but not limited to: 

• Re-pricing exercises

• New product pricing

• Product profitability reporting

• Company budget projections

3. Coordinate maintenance, development, validation and documentation of actuarial models and results.

4. Provide technical guidance to the analysts in the development of the pricing models.

5. Provide training to the analysts as identified by the Senior Manager.

6. Undertake advanced model development functions including testing and documentation.

7. Maintain a good understanding of the relevant local regulatory and capital requirements.

8. Review specially priced cases, update quotation spreadsheets and individual policy calculations.

9. Address queries raised by the salesforce and sales support as necessary. 

10. Drive improvements to the quotation process wherever possible.

11. Perform non-routine actuarial calculations as required.

12. Perform any other job-related duties as assigned by the Senior Manager or Executive

EDUCATION:

• As a minimum the candidate should hold the designation of Associate of the Society of Actuaries or Associate of the Institute of Actuaries

KNOWLEDGE AND EXPERIENCE:

• 5 - 6 years’ experience in a similar role with a minimum of five (5) years in the Life Insurance Industry.

PERSONALITY:

The Senior Actuarial Analyst must be able to lead, motivate and supervise diverse individuals towards the achievement of the unit’s objectives. He / She must be a role model, adhering to professional standards and possessing sound technical skills and good knowledge of relevant corporate issues, legislation, actuarial standards and processes. The incumbent must be a good communicator and must be committed to assisting with the development of the other members of the unit.