Actuarial and Insurance Solutions (AIS) : Analyst - Cape Town at Deloitte

Cape Town, Western Cape, South Africa -

Full Time

Start Date

Immediate

Expiry Date

08 Jul, 26

Salary

0.0

Posted On

09 Apr, 26

Experience

2 year(s) or above

Remote Job

Yes

Telecommute

Yes

Sponsor Visa

Skills

Actuarial Science, Life Insurance, Reserving, Capital Modelling, IFRS 17, Solvency II, Python, Financial Reporting, Data Analysis, Risk Management, Reinsurance, Valuation, Corporate Transactions, Due Diligence, Model Validation

Industry

Business Consulting and Services

Description

Company Description At Deloitte, our Purpose is to make an impact that matters for our clients, our people, and society. This is the lens for which our global strategy is set. It unites Deloitte professionals across geographies, businesses, and skills. It makes us better at what we do and how we do it. It enables us to deliver on our promises to stakeholders, while creating the lasting impact we seek. Harnessing the talent of 450,000+ people located across more than 150 countries and territories, our size and scale puts us in a unique position to help change the world for the better—by bringing together the services we provide, the societal investments we make, and the collaborations we advance through our ecosystems. Deloitte offers career opportunities across Audit & Assurance (A&A), Tax & Legal (T&L) and our Consulting services business, which is made up of Strategy, Risk & Transactions Advisory (SR&T) and Technology & Transformation (T&T). Are you ready to apply your knowledge and background to exciting new challenges? From learning to leadership, this is your chance to take your career to the next level. About the Division Deloitte’s Actuarial & Insurance Solutions (AIS) practice is a multi-disciplinary group with a primary focus on the insurance and financial services industry. Our AIS practice provides comprehensive actuarial, modelling, modernisation, and transformation services for Life and General insurance companies, reinsurance companies, pension plans, captives, and other organisations. AIS is the largest actuarial practice in Africa and consists of approximately 150 actuarial professionals, with more than 50 qualified actuaries. Deloitte AIS provide Head of Actuarial Function (“HAF”) and Statutory Actuary services to over 40 insurers in Africa. In a typical year, AIS provide Audit, Assurance and Advisory services to 75% of the South African insurance industry. AIS also provide actuarial consulting services to international clients, through our long-established relationships with other Deloitte member firms (for example, the UK, US, Ireland and Australia, amongst others). We work closely with colleagues in other countries to provide a wide range of actuarial services to a variety of leading UK and multinational insurers. A role within Deloitte AIS provides opportunities to deliver actuarial work in a range of capacities from external audit support, to HAF, transformation, first line, and emerging areas of work and wider fields. Our practice has unparalleled exposure to the local, African and international insurance market. What impact will you make? Every day, your work will make an impact that matters, while you thrive in a dynamic culture of inclusion, collaboration, and high performance. As the undisputed leader in professional services, Deloitte is where you’ll find unrivalled opportunities to succeed and realize your full potential. Job Description We are looking for experienced Actuarial Analysts to based in CPT with at least 2 years’ Life Insurance experience. Successful candidates will have an opportunity to develop a deep understanding of technical issues and leadership skills by delivering on a wide variety of projects. Responsibilities include but are not limited to: Reserving, and capital modelling IFRS 17, SAM/Solvency II and other regulatory projects Large-scale projects to transform insurer’s financial, actuarial, and reporting processes Actuarial specialist work on external audits of a wide range of insurers Due Diligence and support for a variety of insurer Corporate Transactions Model development, migration and validation work Assessment and refinement of insurers’ internal processes and systems Projects utilising a suite of AI tools and Python modelling Qualifications An actuarial science degree with a strong preference for candidates who have completed an Honours degree. Partly qualified actuaries showing good progress through the actuarial exams. Minimum of 2 years’ working experience Experience in the South African (or equivalent) insurance industry Actuarial valuation experience, including reserving, capital and solvency calculations, and reinsurance Proven ability to apply your knowledge in practical and commercial situations Experience in IFRS 17 Experience with Python or other programming languages Awareness and understanding of actuarial and technology trends in global insurance markets Additional Information Note: The list of tasks / duties and responsibilities contained in this document is not necessarily exhaustive. Deloitte may ask the employee to carry out additional duties or responsibilities, which may fall reasonably within the ambit of the role profile, depending on operational requirements. Be careful of Recruitment Scams: Fraudsters or employment scammers often pose as legitimate recruiters, employers, recruitment consultants or job placement firms, advertising false job opportunities through email, text messages and WhatsApp messages. They aim to cheat jobseekers out of money or to steal personal information. To help you look out for potential recruitment scams, here are some Red Flags: Upfront Payment Requests: Deloitte will never ask for any upfront payment for background checks, job training, or supplies. Requests for Personal Information: Be wary if you are asked for sensitive personal information, especially early in the recruitment process and without a clear need for it. Fraudulent links or contractual documents may require the provision of sensitive personal data or copy documents (e.g., government issued numbers or identity documents, passports or passport numbers, bank account statements or numbers, parent’s data) that may be used for identity fraud. Do not provide or send any of these documents or data. Please note we will never ask for photographs at any stage of the recruitment process. Unprofessional Communication: Scammers may communicate in an unprofessional manner. Their messages may be filled with poor grammar and spelling errors. The look and feel may not be consistent with the Deloitte corporate brand. If you're unsure, make direct contact with Deloitte using our official contact details. Be careful not to use any contact details provided in the suspicious job advertisement or email. At Deloitte, we want everyone to feel they can be themselves and to thrive at work—in every country, in everything we do, every day. We aim to create a workplace where everyone is treated fairly and with respect, including reasonable accommodation for persons with disabilities. We are committed to employment equity and building a diverse and inclusive workplace across the African continent. Our recruitment processes are aligned with our Employment Equity Plan and the principles of the Employment Equity Act. Preference may be given to candidates from designated groups. We actively support the inclusion of people with disabilities and embrace neurodiversity in the workplace. We recognise and value the unique strengths that neurodivergent individuals bring, and we are committed to creating an environment where everyone can thrive. If you require reasonable accommodations in relation to your disability and neurodiverse needs during the recruitment process, please let us know. We are happy to make adjustments to suit your individual needs.

Responsibilities

The analyst will perform actuarial valuation, reserving, and capital modelling tasks while supporting regulatory projects like IFRS 17 and SAM. They will also contribute to large-scale financial transformation projects, external audits, and corporate transaction due diligence.