Bidvest Insurance invites South African unemployed youth to apply for Actuarial Analyst Internship Programme.
Position: Actuarial Analyst Internship
Location: Durban, KwaZulu-Natal
Bidvest Insurance is a non-Life insurer within the Financial Services division of the larger Bidvest Group and operates alongside other great companies such as Bidvest Bank, Bidvest Life, FMI, Compendium Insurance Brokers and others.
Bidvest Insurance was founded in 1997 and provides niche value added products to customers through its Direct Channel
which operates via call centres, as well as its Affinity Channel that partners with distribution networks. Our products are
designed to protect consumers and deliver exceptional service levels when our customers need us most, so that we can
deliver on our purpose ‘To protect everyday South Africans, against foreseeable events and their financial losses, so that
we can all contribute to a better South Africa’.
We have successfully expanded and evolved through our dedicated commitment to our values, customers, partners, and
staff. Interested individuals looking to join Bidvest Insurance can expect to join a young and energetic team that challenge
convention and who are intent on building long term relationships with all stakeholders.
Being a part of Bidvest, one of South Africa’s leading services, trading and distribution groups, your career aspirations with
us are only limited by your own imagination.
Position Overview
Develop, manage, and implement strategies to improve underwriting results in the Collection and Claims environment within
Bidvest Insurance. Understand trends within the data sets and develop strategies to mitigate risk and improve profitability.
Evaluate different insurance policies to determine the associated risks involved for both the insurance company and the
policyholder. Then make changes to policies, gather data on lapsed coverage, cancel policies, and verify records’ accuracy.
Our Values
At Bidvest Insurance, we are all part of a BE’VOLUTION where we live our values each and every day for the benefit of our colleagues, customers, partners, stakeholders and our environment.
Key Responsibilities and Duties
– Data collation, extraction, verification actuarial models as well as reconciling data to check accuracy.
– Analyse data and calculate the cost probabilities using statistical models.
– Assist in optimisation the collection strategy, including churn analysis and forecasting.
– Assist with monitor and report on the performance of existing insurance products.
– Provide monitoring insight and reporting.
– Increase customer lifetime value strategy.
Qualifications
– Bachelor’s degree in actuarial science or any relevant qualification
– Certified copy of your ID.
– Certified copy of Academic Transcript.
– Must be an SA Citizen between the ages of 18-35 years old.
– Your CV and motivational letter.
– Must have not previously done an internship prior (SETA/ Government)
Knowledge and skills
– Excellent communication skills, with the ability to convey complex ideas to non-technical stakeholders.
– Detail-oriented and highly organized
– Proficiency in statistical software and actuarial modelling tools
– Strong analytical and problem-solving skills
– Interpersonal skills
– Desire and potential to learn.
– Self-Motivated
– Advanced Computer skills
– Prioritize tasks as needed.
Submissions:
Preference will be given to PDI candidates in line with our EE
Interested candidates to please submit their CV to: [email protected]
Should you not hear from us within 2 weeks from date of application, please consider yourself unsuccessful
Bidvest Insurance is an authorised Financial Services Provider FSP 46395