Job Description

Job Advert Summary

Join Mobalyz Risk Services (Pty) Ltd, a leader in innovative solutions as an Actuarial Analyst in Midrand, Gauteng. Nestled in the vibrant hub of Johannesburg, this opportunity invites skilled professionals to leverage their expertise in actuarial science within a dynamic team. Mobalyz is renowned for transforming the digital landscape with cutting-edge financial technology, offering unparalleled services across the industry. As part of our esteemed Actuarial Department, you'll dive into data analysis, risk assessment, and strategic forecasting, driving impactful decisions that resonate industry-wide. With a commitment to excellence, Mobalyz empowers employees to push boundaries, fostering growth alongside the company's ambitious vision. Elevate your career with Mobalyz, where technological advancement meets unparalleled actuarial insight.

Minimum Requirements

Bachelor's Degree in Actuarial Science Passed at least 5 A-level exams Short-term insurance experience will be advantageous Experience with the following software will be advantageous: + SAS
+ Emblem
+ ResQ

Duties and Responsibilities

Assisting with the design and pricing of new and existing products Research of new market developments and generation of new product ideas Research product feasibility including administration requirements Deliver and implement new products at a high efficiency level - liaising between different divisions and departments ensuring all aspects of the new products have been considered and are being attended to, including: wordings, marketing, system development and reporting. Review and refine current products in terms of both profitability, persistency and their ability to meet clients' needs relative to competitor alternatives. Manage Products' Key Performance Indicators (KPIs), including: + Take-up Rates
+ Loss Ratio's
+ Lapse Rates
Monitor and analyse in-force data (e.g. perform an experience analysis) to confirm product key performance indicators such as: take-up rates, cancellation rates, and lapse rates Provide input into the control cycle based on the above results, through recommendations to product design etc to ensure product KPIs remain within set target limits Make recommendations about improvements and opportunities relating to reserving. Advise management in the selection of reserving assumptions and methodologies. Work with stakeholders to make efficient use of capital in line with relevant regulation and accounting standards. Support business, marketing and sales around the products: By being available to answer questions on the products; Assisting with material for training on products; and Giving insight into areas where sales should be targeted and lapses can be prevented. Presenting of products to relevant stakeholders Be able to present products to relevant stakeholders, such as: management, Investors, Brokers, Sales teams. * Ensure presentations are up-to-date, relevant and represent SA Taxi correctly