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 take lead of technical, retail and expense modelling. Maintaining, developing, and implementing market leading pricing models.
Support development of new and innovative products and models.
To assist with setting up of monitoring framework.
To take lead of policy admin system (PAS) pricing requirements implementation
Supporting management to ensure profitability and objectives are met.
Qualifications
Type of Qualification:
3-year BSc, 4-year B BusSc 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
4-7 years of short-term pricing experience.
Experience with data is preferred.
Experience in short term insurance pricing.
Experience in system (PAS, rating engine or claims) implementation.
Knowledge:
- Knowledge of short-term insurance pricing techniques.
- Understanding of short-term insurance products and business principles.
- Understanding of balance sheet and Income statement.
- Knowledge of actuarial processes and control cycle
- Knowledge of the product development process.
- Understanding of how the FSCA operates.
- Understanding of the economic environment’s impact on short term insurance industry.
- Knowledge of South African insurance regulation.
- Knowledge of system implementation.
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
- Results driven.
- Collaborator
Technical Competencies:
- Computer literacy (Microsoft Office)
- Specialist actuarial software package skills
- SAS statistical package (preferred), Emblem, Radar, Earnix.
- Analytical skills
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What We Do
As a brand with a legacy of 161 years in Africa, we have a deep understanding and belief in the boundless opportunities that this continent presents. Our vision extends beyond mere geography; it encompasses a profound recognition of the potential for growth that resonates within our people, customers, entrepreneurs, and all who share our unwavering commitment and passion for investing in Africa. With a presence in 20 countries across sub-Saharan Africa, we have cultivated a diverse community of the most skilled, innovative, and creative minds in the industry. Our purpose is to drive Africa's growth, acting as a catalyst for inclusive and sustainable economic development in the regions we serve. We strive to improve the lives of our fellow Africans by conducting business in an ethical and responsible manner. As a trusted partner, we consistently set higher standards and aspire to become better with each endeavour. We are more than just a banking institution; we are a driving force behind Africa's growth. Join us on this transformative journey. Together, we have the collective power to propel Africa into the future, making tangible progress for all who proudly call Africa home.
