Independent Actuary at The Special Investigating Unit

Main purpose: To analyse and evaluate the potential financial risk within the SIU’s employee benefit offerings such as Medical Aid, Pension Fund and Provident Fund.

Minimum qualification and experience:

•  Bachelor's degree in Mathematics/ Actuarial Sciences/ Statistics or related field.Fellowship in the Society of Actuaries or equivalent qualification, or Nearly Qualified as a Fellow.5+ years of experience in the insurance or financial services industry, with a focus on employee benefits capital and reserving.
• Strong analytical and problem-solving skills. Excellent communication and leadership abilities.

Key performance areas (Include but not limited to):

•  Conduct data analysis and model statistics for different projects at the SIU.
• Analyse market trends and potential risks to design products, which meet the SIU's needs while aligning with the SIU's financial goals.
• Assess retirement funding requirements, estimate pension liabilities, and advise the SIU to meet its pension/medical obligations.
• Provide expertise in Enterprise Risk Management assisting the business to make informed decisions to mitigate losses.
• Provide insights on various actuarial metrics to the SIU.
• Develop models that support risk assessment and assist in decision-making processes.
• Provide Modelling techniques and contribute with industry knowledge.

Technical skills:

•  Analytical. Specialised Mathematical acumen.
• Communication.
• Problem Solving. 
• Interpersonal.
• Presentation.
• Risk Management.
• Report Writing.
• Project management.
• Accounting.
• Strong computer skills. 

Required knowledge and Behavioural (include but not limited to): 

• Ability to analyse data and solve problems.
• The ability to conduct statistical analysis including cleaning data and interpreting relationships and trends between data sets.
• Strong mathematical ability and an analytical mind.
• The ability to work collaboratively.
• Knowledge of risk management principles and best practices.
• Knowledge of Public Ethics Management Framework.
• Understanding of the public sector risk profile. 
• Knowledge of financial principles.
• Advanced MS Office proficiency.
• Attention to detail.
• Deadline driven.
• Result Oriented.
• Tactful. Self-motivated. Integrity. Confidentiality.