Actuarial Specialist: Savings and Income (6 Month Contract)
Outsized South Africa · Cape Town, Western Cape
Overview
A leading financial services company in Cape Town needs an Actuarial Specialist for a 6 month contract. You will support the Savings and Income product team with data analysis, system testing, calculations, and process improvements. This hands on role suits someone with strong Excel, SQL or Python skills and a background in actuarial science, maths, stats, or finance. If you enjoy solving complex problems and working with data in a fast paced environment, this could be a great fit.
About the role
This is a technically focused role where you will support the Savings and Income product team across product development, data analysis, system testing, and production support. You will work with large data sets, build models, and improve business as usual processes. The role is hands on and requires someone who is proactive, analytical, and comfortable collaborating with multiple stakeholders.
Key areas of work:
- Analyse and validate large data sets using Excel, SQL and or Python to turn data into meaningful insights.
- Resolve actuarial and product related queries and investigate system and data issues.
- Build and maintain models for calculations, system validation, reconciliations, regression testing, and tax testing.
- Design, document and improve BAU processes for Savings and Income products, looking for automation and efficiency opportunities.
- Work closely with IT, Tax, Legal, Compliance, Product and Operations teams to ensure requirements are delivered accurately.
Application note: Apply directly via the Outsized platform using the link provided in the listing.
Requirements
- 4+ years relevant experience in Actuarial Science, Mathematics, Statistics, Finance, Financial Services, or a similar technical environment.
- Experience in product development or a technically focused role.
- Strong Excel modelling skills and proficiency in SQL and or Python.
- Strong understanding of actuarial calculations, financial calculations and product rules.
- Experience in system testing, data validation, defect resolution and or production support.
- Experience with policy administration systems such as BaNCS or similar is advantageous.
- Knowledge of Savings and Income products and relevant regulations is beneficial.
- Strong analytical, numerical and problem solving abilities with excellent attention to detail.
- Ability to understand complex technical, product and legislative specifications and translate them into practical solutions.
- Proactive, self reliant approach with the ability to learn quickly, manage competing priorities and deliver under pressure.
- Strong written and verbal communication skills.
Responsibilities
- Analyse, validate and manage large data sets using Excel, SQL and or Python.
- Resolve actuarial and product related queries and investigate system and data issues.
- Build and maintain models and tools for calculations, system validation, reconciliations, regression testing, defect resolution and tax testing.
- Design, document and improve BAU processes for Savings and Income products, identifying automation and efficiency opportunities.
- Collaborate with IT, Tax, Legal, Compliance, Product and Operations teams to ensure product, system and process requirements are delivered and aligned with regulations.
- Provide production and servicing support for Savings and Income products.
Job details
- Organisation
- Outsized South Africa
- Location
- Cape Town, Western Cape
- Job type
- Contract
- Experience level
- Mid (4+ years)
- Category
- Banking & Insurance
- Application Method
- Apply online
Success Guide
This role is a 6 month contract at a financial services company in Cape Town, so it is a great chance to gain experience in a corporate environment without a long term commitment.
When preparing your application, highlight your experience with data analysis using Excel, SQL or Python. Also show how you have worked with large data sets, built models, or supported system testing. Even if you do not have an actuarial background, strong technical skills in maths, stats or finance are valued.
During the interview, be ready to discuss examples of how you solved complex problems, improved processes, or worked with stakeholders in a fast paced setting. Make sure your CV clearly shows your 4+ years of relevant experience and any exposure to policy administration systems like BaNCS.
Since the role is contract based, show that you can manage competing priorities and deliver under pressure. Good luck with your application!
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