About Deloitte:

Deloitte is a leading global provider of audit and assurance, consulting, financial advisory, risk advisory, tax and related services. Our global network of member firms and related entities in more than 150 countries and territories (collectively, the “Deloitte organization”) serves four out of five Fortune Global 500® companies. Learn how Deloitte’s approximately 312,000 people make an impact that matters at www.deloitte.com

About the Division:

Deloitte’s Actuarial & Insurance Solutions (AIS) practice is South Africa’s preeminent actuarial advisory practice, with a deep reach and expertise across the insurance and financial services industries. We are the largest actuarial consultancy in Africa with more than 140 actuarial staff and more than 50 qualified actuaries. Our AIS practice provides comprehensive actuarial, risk management, and advanced analytics services for Life and Non-Life insurers and reinsurers, regulators, automotive players, retirement fund providers and other related organisations.

Main Purpose of Job

The Extended Delivery Team (EDT) provides consulting support to the Deloitte UK Actuarial Insurance and Banking (A&IB) practice. The Deloitte UK (A&IB) practice has both breadth and technical depth and provides services to leading UK and global insurers. You can expect to be involved in several key services, ranging from stochastic and deterministic asset and liability modelling covering Solvency II, IFRS17, model rationalisation and finance transformations. We work with a variety of software including FIS Prophet, RiskAgility Financial Modeller and Algorithmics AFM.

As a member of the Actuarial Modelling Centre (AMC) Team, you will:

• Work in diverse global teams and be involved in a wide variety of projects.
• Gain exposure to a variety of UK, international and multi-national clients.
• Actively contribute to a wide range of actuarial modelling projects.
• Build models in a wide range of programming languages.
• Implement global-leading best-practice modelling techniques and processes.
• Foster relationships with global Deloitte Member Firms and clients.
• Contribute to practice management and developing the AMC.

Qualifications & Experience

To qualify for the role, you must have:

• An applicable actuarial degree (e.g. BSc Actuarial Science, BSc (Hons) Actuarial Science, BBSc Actuarial Science).
• At least 2 years of work experience, preferably in a valuations or modelling role in Life Insurance.
• A keen interest in pursuing a career in actuarial modelling.
• Experience in building models in FIS Prophet (experience in other modelling environments and a strong technical computer programming background will also be an advantage).
• A strong academic track record, with good progress in actuarial exams.
• Strong analytical and problem-solving skills.
• Good interpersonal and (written and verbal) communication skills.
• An ability to work well in a team.
• Knowledge of the life insurance industry (SAM, Solvency II and IFRS17 knowledge will be an advantage).

Why Deloitte?
At Deloitte, we create positively differentiated work experiences that enable our people to feel valued and achieve their full potential. Deloitte Africa opens the door to a career that can cross borders virtually and physically across the African continent and globally to gain experience and access projects beyond our borders. We value difference, and embrace people with diverse backgrounds, experiences, gender identities, abilities and thinking styles. Knowing that people work best in a variety of ways, we are happy to discuss alternative arrangements if the working pattern you are looking for is not specifically indicated.

*Please note that this job advertisement provides a summary of the capabilities required and all candidates shortlisted will receive a full list of capabilities.