Mutual & Federal is a leading short-term insurance company in Southern Africa. When you think short-term insurance, think Mutual & Federal. We are known for our well trained, dedicated staff and excellent in-house training. Mutual & Federal wants only the best employees to help deliver innovative short-term insurance products and outstanding service
Brief Description
To apply a winning and fit-for-purpose pricing/monitoring and analysis functionality that supports the growth and profitability of the Mutual & Federal across all product sets.
Detailed Description
· Development; maintenance and control of pricing structures ensuring key underwriting/financial metrics within the business plan are achieved.
· Apply the control cycle for all pricing actuarial work:
· Collect & analyse, build models, implement, monitor, refine.
· Deploy and test pricing models
· Collect data for all actuarial work
· Apply actuarial / statistical techniques for pricing.
· Build and maintain rate and test models
· Provide input into the rate engine /Black box design specifications.
· Build models to profit test new products as well as changes to existing products
· Monitor trends and advise business accordingly.
· Design and implementation of corrective actions into the business.
· Compile the Monitoring pack for EXCO ensuring that insights are provided.
· Provide Ad hoc analytical support and in-depth investigations for actuarial purposes e.g. (Claims; CPI, Procurement), SIU / Fraud.
· Compile Portfolio Management reports for entire division
· Contribute to the setting of parameters for the budgeting and business planning cycle
· Contribute to specialised analytical assignments and projects where required
· Assist with data collection and analysis for Group Schemes and UMAs
· Provide support to Operations as required.
· Maintain service, quality and desired outputs within a specific functional process through ensuring compliance to tactical policies, procedures and standards.
· Resolve escalated technical referrals and provide feedback to customers on matters resolved.
· Develop work routines in line with operational plans / schedules in order to manage achievement of service delivery goals
· Measure and monitor service delivery compliance of team.
· Share knowledge on, and participate in the creation of new standards, control systems and procedures to maintain service delivery.
· Align own behaviour with the organisation culture and values.
· Share and transfer product, process and systems knowledge to colleagues.
· Collaborate and work with the team members to ensure required service levels are delivered.
· Actively participate in the team to ensure functional balanced scorecard objectives are achieved.
· Ensure achievement of own performance objectives.
· Actively share information with other team members regarding successes, issues, trends and ideas.
· Actively participate in own professional development and career path.
· Develop and encourage strong team work
· Identify potential inter-departmental problems and escalate them to higher levels
· Engage regularly in team or group problem-solving
· Ensure adherence to financial and corporate policies and procedures, and reduce wastage related to area of accountability.
· Take accountability for the management of business related risks within own area.
· Operate within agreed mandates as documented in the business rules.
· Ensure adherence to organisational policies, practices and procedures.
· Identify and recommend areas / ways to improve processes.
Job Requirements
· Relevant Actuarial degree
· Desirable
· Excellent knowledge of data manipulation and statistical techniques (especially GLMs)
· Knowledge of programs such as Pretium/Emblem/SAS will be an advantage
· Essential:
· Experience in an actuarial, specifically short-term, environment will be an advantage
Additional Details
· Expert level knowledge and application of quant models to determine potential risk exposure
Amount of Travel
No Travel
Apply on company website
Popular Posts
-
VACANCY (25 POSITIONS) Temporary Enumerators Department: Technical Services Length: Up to 31 days Population Services international (PSI) i...
-
Blue Ribbon – Lesotho wishes to invite applications from suitably qualified candidates for the positions of (10) Drivers / Salesmen. K...
-
Application letters including a detailed CV, certified copies of relevant qualifications and reference letters from recent employers sh...
-
Machabeng College has vacancies for Teachers in the following disciplines: Biology Chemistry Computer Science 7 ITGS Creative Ar...
-
Applicants are invited from suitably qualified Basotho Nationals to fill 50 positions of Intelligence Officer Four (I.O.4) tenable at...
-
Team Leader Working with the Principal Investigator and the Country Director of ICAP in Lesotho, the Survey Director/Team Leader w...
-
Applications are invited from suitably qualified candidates for the position of Ward Attendant at Maseru Private Hospital: Job Summary: The...
-
Vodacom Lesotho is a leading Telecommunications company in Maseru. As part of the Vodacom group we have global reach throughout the w...
-
MASERU PREPARATORY SCHOOL www.maseruprep.co.ls Seeks the services of a Music Teacher with effect from March 2016 Requirements 1. A pri...
-
The U.S. Mission in Lesotho provides equal opportunity and fair and equitable treatment in employment to all people without regard to...