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.

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.

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.

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