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Actuarial Graduates 2022

Date: 11-May-2022

Location: GT, ZA

Company: Liberty Group Limited

Applications for Liberty's Actuarial Graduate intake for 2023 are now open! Over the past six years Liberty has recruited 93 Actuarial graduates that have been successfully integrated across our Group. Actuarial talent is a core skill to the Liberty business and thus multiple positions within our Exco are held by Actuaries. We invite you to join our next cohort of exceptional young actuaries, looking to make your own dent on the universe.

Purpose

To provide specialist actuarial support that enables sound commercial advice through the application of probability & investment theory and related statistical tools and the execution of predefined objectives as per agreed SOP's.

Minimum Experience

0 - 1 year experience in a similar environment

Minimum Qualifications

Bachelor`s Degrees and Advanced Diplomas [NQF Level 07] in Mathematical Sciences

Additional Minimum Qualifications

Actuarial Science Graduate

Outputs

Process

  • Apply relevant research methodologies, tools and techniques to effectively and purposefully gather information.
  • Provide specialist advice and support in area of accountability to ensure that identified solutions and recommendations are appropriate and effective.
  • Perform required actuarial and other analyses for management reporting, and make recommendations to support these analyses.
  • Stay abreast with latest actuarial development tools and techniques in order to conduct analysis in an informed manner.
  • Accountable for the execution of specialised work including the improvement of quality, standards and outputs within defined work routines and operating procedures.
  • Proactively solves problems, determines root-cause and applies solutions in line with guidelines and providing the necessary information to solve problems related to area of specialisation.
  • Plan for own task execution and advises on improvements related to area of specialisation.
  • Completes actuarial tasks that are relatively granular with detailed output requirements defined
  • Performs data checking and validation work
  • Applies analytical tools and techniques, including model building, to solve actuarial problems
  • Adheres to spreadsheet standards and maintains audit trails.
  • Builds a basic understanding of general actuarial insurance knowledge, e.g. statutory reserving and capital requirements, IFRS reporting, product pricing etc.
  • Builds a basic understanding of company specific knowledge, e.g. product knowledge, company structure, business rules, policies, processes etc.

Customer

  • Ensure own understanding and adherence to customer service delivery and Treating the Customer Fairly (TCF) principles to provide specialist support and guidance.

Finance

  • Adhere to specified standards, policies and procedures to prevent potential losses/wastage related to the area of specialisation.

Learning and Growth

  • Interact proactively with others for the purpose of continuous knowledge sharing; and integration of own new knowledge.
  • Contribute positively to own area-specific knowledge improvement associated with area of specialisation.
  • Continuously assess own performance, seek timely and clear feedback and request training where appropriate.

Governance

  • Comply to set governance and compliance procedures and processes related to an area of work and continuously identify, rectify and escalate risks where necessary.
  • Adheres to Actuarial Guidance Notes and any other applicable regulations.

Competencies

Liberty Values

    Technical Competencies

    • Research and Information Gathering (Basic)
    • Quantitative Skills (Intermediate)
    • Modelling (Basic)
    • Statistical and Mathematical Analysis (Intermediate)

    Behavioural Competencies

    • Professional/Technical learning (Basic)
    • Organisation and Attention to Detail (Basic)
    • Interpersonal Effectiveness (Basic)
    • Problem Solving and Analysis (Basic)
    • Teamwork and Cooperation (Basic)
    • Relationship Management and Networking (Intermediate)
    • Customer Orientation (Basic)

    Liberty Group Limited is an equal opportunity, affirmative action employer. In compliance with the Employment Equity Act 55 of 1998 and the group's Transformation Strategy, preference will be given to suitable candidates from designated groups whose appointments will contribute towards the achievement of equitable demographic representation of our workforce profile and add to the diversity of the organisation.

     

    Vaccination Policy & Hybrid Working Model 

    We are evolving the way we work and will be launching a Hybrid working model, in line with this Liberty has implemented a Mandatory vaccination policy which is applicable to all employees, this is to further strengthen our commitment to the safety of all employees. Right of refusal to be vaccinated against COVID-19, either on constitutional and/or medical grounds, is taken into consideration and will be dealt with through an objection process. More information about our Hybrid working model and Mandatory vaccination policy will be discussed during the recruitment process for this position. 


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