Liberty invites students to embark on a transformative journey with their Actuarial bursaries for 2025.
As a recipient, you’ll receive comprehensive support, from tuition coverage to networking opportunities and guaranteed employment upon graduation. Seize this opportunity to turn your academic potential into a thriving career with Liberty. Join Liberty Group in shaping the future of finance and insurance.
Actuarial Bursaries Overview:
- Maintain consistently high academic performance throughout the first year of study.
- Maintain an overall average above 60%, with a specific focus on achieving 65% or higher in mathematical and actuarial modules.
- Demonstrate strong leadership qualities and active participation in extracurricular activities such as sports, debating societies, chess clubs, and various academic competitions.
- Must be a South African citizen either by birth or descent.
Actuarial Bursaries Requirements:
- 0 to 1 year of experience in a comparable professional setting.
- Minimum educational qualifications include a Bachelor’s degree or Advanced Diploma [NQF Level 07] in Mathematical Sciences.
- Additional preferred qualifications include being a graduate in Actuarial Science.
Responsibilities:
- Apply appropriate research methodologies, tools, and techniques to systematically gather information.
- Provide specialized advice and support within assigned areas to ensure effective solutions and recommendations.
- Conduct necessary actuarial and other analyses for management reporting, proposing recommendations based on findings.
- Stay updated with the latest actuarial development tools and techniques to enhance informed analysis.
- Take responsibility for executing specialized tasks, aiming to improve quality, standards, and outputs following defined procedures.
- Proactively identify problems, determine root causes, and apply solutions in accordance with guidelines, providing necessary information for problem-solving within the specialization.
- Plan and execute tasks, offering suggestions for enhancements related to the specialized area.
- Complete detailed actuarial tasks with defined output requirements, including data validation and checking.
- Utilize analytical tools and techniques, including model building, to resolve actuarial problems.
- Maintain adherence to spreadsheet standards and ensure audit trails are maintained.
- Develop foundational knowledge in general actuarial insurance principles such as statutory reserving, capital requirements, IFRS reporting, and product pricing.
- Build understanding of company-specific knowledge, including product details, organizational structure, business rules, policies, and processes.
Competencies:
- Customer Focus: Ensure understanding and adherence to customer service delivery and “Treating the Customer Fairly” (TCF) principles, providing specialized support and guidance.
- Financial Acumen: Adhere to specified standards, policies, and procedures to mitigate potential losses or wastage within the specialization area.
- Continuous Learning: Actively engage in knowledge sharing and integrate new learnings into the role.
- Performance Improvement: Contribute positively to enhancing area-specific knowledge associated with the specialization.
- Self-Development: Continuously evaluate own performance, seek timely feedback, and request training as needed.
- Governance and Compliance: Comply with governance and compliance procedures relevant to the role, identifying and escalating risks as necessary.
Technical Skills:
- Research and Information Gathering (Basic)
- Quantitative Skills (Intermediate)
- Modelling (Basic)
- Statistical and Mathematical Analysis (Intermediate)
Behavioral Competencies:
- Professional/Technical Learning (Basic)
- Organization 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)
Actuarial Bursaries Application process:
Online Application Submission
- Prospective candidates initiate their application by completing the comprehensive online form available on Liberty’s official website. They ensure all mandatory fields are accurately filled before submitting their application.
Initial Screening
- Upon submission, each application undergoes an initial screening phase to evaluate eligibility and alignment with Liberty’s requirements. Candidates who meet the criteria are shortlisted for further evaluation.
Assessment
- Shortlisted candidates progress to a rigorous assessment stage, which includes various methods such as interviews, tests, or case studies. This phase focuses on evaluating candidates’ technical competencies, problem-solving skills, and their alignment with Liberty’s organizational values.
Final Selection
- Following the assessment phase, Liberty notifies successful candidates of their selection. Offers are extended to those who exhibit exceptional potential and demonstrate a strong fit with Liberty’s mission and objectives.
Offer Acceptance
- Candidates who receive offers are required to formally accept within the specified timeframe. Upon acceptance, Liberty provides detailed information regarding onboarding procedures and next steps to facilitate a smooth transition.
Related: Sibona Ilanga Trust Bursary Programme for 2025
At Liberty, the focus is on empowering talented individuals who aspire to make a significant impact in the field of Actuarial Science. The application process is meticulously crafted to identify and nurture the most promising candidates, ensuring a comprehensive evaluation that reflects Liberty’s dedication to excellence and innovation. Prospective candidates are encouraged to embark on this journey, where they will discover opportunities for personal growth, professional development, and meaningful contributions. Joining Liberty means becoming part of a vibrant team committed to shaping the future of finance and insurance.