job Description
Actuarial Analysis, Assumptions and Insights
-Analyze and present data using pre-set tools, methods, and formats, testing completed work for reasonableness and accuracy to contribute to the production of actuarial analyses, assumption setting and insights.
-Produce accurate reports for others by requesting data from a variety of standard sources and inputting that data into standard formats.
Actuarial Financial Reporting
Carry out complex actuarial analyses to contribute to the production of statutory and non-statutory financial reports and other disclosures.
Actuarial Model Creation and Maintenance
-Contribute to the development and maintenance of actuarial models through analysis to identify and validate the structure of underlying actuarial assumptions.
Actuarial Product Development & Management
-Carry out complex analyses of own organization and competitor products to support the identification of opportunities for creating competitive advantage in existing or new products and ensuring their continuous management.
Requirement Gathering & Analysis:
-Collaborate with business stakeholders to identify and document business needs and translate them into detailed functional and technical requirements.
-Conduct comprehensive business process analysis to identify areas for improvement and optimization in life insurance products.
Solution Design & Implementation:
-Work with cross-functional teams to design solutions that align with business objectives and customer needs.
-Assist in the development and implementation of new products, services, and features within the life insurance portfolio.
-Support the configuration and deployment of software applications and tools that enhance operational efficiency.
Data Analysis & Reporting:
-Analyse data to provide insights into customer behaviour, product performance, and market trends.
-Develop reports and dashboards to support decision-making processes and track key performance indicators (KPIs).
Market Research & Competitive Analysis:
-Conduct research on industry trends, regulatory changes, and competitor activities in the African life insurance market.
-Provide insights and recommendations to drive strategic initiatives and maintain a competitive edge.
Improvement/Innovation
Implement improvement and provide feedback on them. Use change management systems and protocols to provide routine support services.
Translates business requirements into detailed functional specifications that undergo business stakeholder review.
Duties and Responsibilities
Requirements Management
Identify, elicit, and document project/process requirements, using appropriate modeling technique, if required. Analyze requirements and validate with original users, eliminating confusion. Define the testing scripts and verification criteria to ensure requirements are met. Maintain documentation and traceability throughout project.
Data Collection and Analysis
Conduct research using primary data sources, and select information needed for the analysis of key themes and trends.
Database Specifications
Provide information and comments on suitability during the approval process for database specifications to ensure all agreed standards and protocols are followed and data integrity is preserved.
Analysis of "As Is" and "To Be"
Support and contribute to the documentation of "as is" and "to be" processes and describe the changes required to migrate to the "to be" capability to record accurately the change required.
Business Requirements Identification
Collect business requirements using a variety of methods, such as interviews, document analysis, workshops, and workflow analysis, to express the requirements in terms of target user roles and goals.
Feasibility Studies
Contribute to and support feasibility studies from a technological and organizational perspective, and document findings.
Horizon Scanning
Explore and develop a basic understanding of external developments or emerging issues and contribute to the evaluation of their potential impact on, or usefulness to, the organization.
Enterprise Business Analysis
Interpret the business need and identify solution recommendations to business problems at a business unit level.
Business Case
Carry out feasibility and assessment work for proposed and current projects to contribute to the development and continuous review of business cases.
Documentation and Backup
Create and maintain technical and/or user documentation to a high standard, and back up files to ensure instant recovery if problems occur.
Culture of Innovation
Support a culture of innovation by contributing to solutions that boost creativity, innovation, and collaboration, such as idea generation platforms, jam sessions, and hackathons.
Personal Capability Building
Develop own capabilities by participating in assessment and development planning activities as well as formal and informal training and coaching; gain or maintain external professional accreditation, where relevant, to improve performance and fulfill personal potential. Maintain an understanding of relevant technology, external regulation, and industry best practices through ongoing education, attending conferences, and reading specialist media.
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