In the course of their work, the actuary analyst must acquire and apply maturing knowledge of the business, its products, and its processes. An actuary analyst often uses actuarial modeling software driven models for pricing, valuation, and/or risk management. Being able to enter data and tables, runs models, and generates reports is essential. An actuary analyst may make adjustments and improvements to models, when appropriate.
A bachelor\'s degree in a related field, such as accounting, is generally preferred, although four years relevant work experience may be substituted by some employers. Some actuarial experience is preferred by most employers seeking an actuary analyst. Actuary analysts also must have basic knowledge of actuarial technique and procedures, data analysis tools, and industry data sources. Two to three Society of Actuaries exams successfully completed is a preferred requirement
four or more is highly desired. Possessing excellent oral and written communication skills is expected. (Copyright 2018 PayScale.com)
Actuarial Analyst Tasks
Analyze risk evaluation data, using appropriate models and statistical methods, and creating relevant charts and graphs.
Review accuracy of data and calculations.
Report and interpret results of data analysis.
Utilise Actuarial skills to assist the business to understand the shared value generated by wellness, the drivers thereof and the development of solutions and interventions to increase the shared value.
Responsibilities and Work Outputs:
Conduct business viability studies and finalise solution designs.
Analyse and research opportunities in the market in order to develop new products or streamline existing product offerings.
Collaborate and build relationships with product development and segment teams
Perform financial modelling and assess the financial impact of the solutions.
Maintain financial model, including projection of income and expenses, of business across all segments.
Set key assumptions and measure of these assumptions over time.
Client/ Stakeholder Commitment
Impact and Influence
Drive for Results
Self-Awareness and Insight
Leads Change and Innovation
Diversity and Inclusiveness
Experience and Qualifications
Degree in Actuarial Science
Good progress with ASSA exams
3 years\' actuarial experience
Completion of all CT\'s and CA\'s exams will be an advantage
Health or short term experience would be an advantage
Programming experience in VBA, SQL etc
Computer literate at an advance level with: Microsoft Excel, MS Word, MS PowerPoint, internet and email.