Actuarial Graduate Recruitment 2024
Date: 25 Apr 2024
Location: GT, ZA
Company: Liberty Group Limited
At Liberty, we employ more than 6 000 people across 7 businesses in 18 African countries. Every day, our employees grow their knowledge by working with diverse groups of people who specialise in a wide range of skills across insurance, asset management, investment and health products. We continually seek to engage, develop, recognise and reward the people who make our business great.
About the role
Applications for Liberty's Actuarial Graduate Intake for 2025 are now open! Over the past six years Liberty; the Insurance and Asset Management Business Unit of the Standard Bank Group, has recruited about 120 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 apply Actuarial, Statistical and Mathematical techniques in the successful applicants' appointed role in one of the areas in the Standard Bank Insurance and Asset Management Business Unit.
Minimum Experience
Minimum Qualifications
Actuarial Science Graduate studying towards Honours in Actuarial Science in 2024
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
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.
The Company’s approved Employment Equity Plan and Targets will be considered as part of the recruitment process. As an Equal Opportunities employer, we actively encourage and welcome people with various disabilities to apply.
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