Summary
Overview
Work History
Education
Skills
Timeline
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Maryam Khoza

Senior Actuarial Analyst

Summary

Actuarial professional in the life‑insurance sector with hands‑on experience across pricing, valuation, reserving, and regulatory reporting. Builds and validates cash‑flow and reserving models, produces SAM returns, and runs experience studies to set and refine assumptions. Delivers VNB and EV reporting and required Board packs. Skilled in Excel, R and SAS, with Prophet (Professional

Overview

11
11
years of professional experience

Work History

Senior Actuarial Analyst

Xivoni Actuaries and Consultants
08.2021 - Current
  • Developed an IFRS 17 challenger model for a life insurer, focusing on credit life products, to independently validate software outputs.
  • Built credit life discounted cash flow pricing models and produced rate recommendations. Benefits priced were for death, temporary and permanent disability, critical illness, and premium waiver.
  • Prepared quarterly and annual SAM returns, with reconciliations and commentary.
  • Developed and prepared IFRS 17 and SAM reserves for quarterly and annual microinsurance reporting, validating, and explaining movements.
  • Drafted a microinsurer IFRS 17 policy paper with recommended policy choices.
  • Drafted monthly, quarterly, and annual management and board reports explaining key drivers, trend shifts, and variances. Constructed and maintained valuation cash-flow models used for reserving, with sensitivity and scenario runs for a term assurance product.
  • Developed an embedded value (EV) model for a funeral microinsurer to support financial reporting and management insights, following best actuarial practices.
  • Performed and ran the monthly value of new business (VNB) reporting, including explaining the key drivers of the VNB movements.
  • Led the valuation of microinsurance portfolios for license applications; ensured regulatory compliance and market competitiveness.
  • Developed and enhanced microinsurance pricing models.
  • Conducted experience investigations and derived insights to refine pricing and reserving assumptions and prepared reports summarizing methods, findings, and recommendations for pricing and reserving.
  • Applied data preparation: extraction, cleansing, validation, and transformation across actuarial and finance sources.
  • Enhanced model governance by implementing checks, documentation, and peer review within the validation workflow.
  • Embedded documentation standards and quality controls in BAU processes.
  • Managed and trained a junior analyst.

Product Specialist

First National Bank Swaziland
10.2020 - 07.2021
  • Guide products from initial conception, design, and production to successful delivery.
  • Identify customer value management campaigns to drive revenue growth and profitability of the retail business.
  • Maximize product profitability by identifying market trends and meeting company budgetary goals.
  • Stay up to date on trends related to customers' needs by administering surveys, hosting focus groups, and performing other market research-related tasks.
  • Analyse book growth and sales that would result in the identification of gaps and opportunities.
  • Collect and analyse data related to sales and customer satisfaction post-production.

Business Intelligence Analyst

First National Bank Swaziland
03.2019 - 09.2020
  • Improve business decisions by providing accurate and reliable business intelligence.
  • Monitor and drive transactional profit growth for the year as per the budget guidelines by overseeing campaigns and targeting transactional volume growth.
  • Analyse and present numerical data in graphs, diagrams, charts and tables.
  • Monitor and record key industry trends that can impact the current and future product offering.
  • Maintenance of data and data integrity checks of the pricing database.
  • Solve any pricing related queries within an allocated turnaround time.
  • Assist pricing operations in the smooth running of the annual and ad-hoc pricing processes, inclusive of identifying improvements to the pricing process.

Executive Assistant to the CEO

First National Bank Swaziland
01.2018 - 02.2019
  • Support the CEO during times of reports and presentations.
  • Interact with all business units on behalf of the CEO.
  • Manage and monitor projects across the different business units.
  • Keep the CEO informed of various activities within and outside the FirstRand Group through effective networking and building of business relations.
  • Responsible for ad-hoc projects on the Executive level required by the CEO.
  • Attend and provide input during the Executive Committee meetings.
  • Prepare and present reports on various matters by analyzing data and critical information.
  • Monitor and manage projects for the FNB Foundation.

Liabilities Analyst

First National Bank Swaziland
07.2017 - 12.2017
  • Analyse past and current industry trends to drive an increase in the average balance of liabilities.
  • Identify opportunities to expand the customer base.
  • Measure the implementation of the liabilities' growth strategy through analysis of performance and revenue.
  • Monitor emerging liabilities strategies and align with expected results.
  • Identify opportunities to increase the profit of existing customers by providing innovative campaigns to increase account volumes.

Financial Analyst

Financial Services Regulatory Authority
01.2016 - 06.2017
  • Responsible for the licensing and inspection of financial service providers and all related intermediaries based on the principles of ethical market conduct and prudential regulation.
  • Ensure proper supervision and compliance of financial service providers with the relevant laws.
  • Analyse financial and non-financial information submitted by regulated entities.
  • Assess the economic performance of regulated entities in the insurance, retirement fund and medical aid industries.
  • Measure the financial risk associated with investments made by regulated entities and make appropriate recommendations.

Junior Actuarial Analyst

Johan Sauer Actuaries and Consultants
09.2014 - 03.2015
  • Quantification of legal damages using actuarial techniques and the internally developed software of the practice.
  • Prepare legal reports providing suitable recommendations.

Education

Bachelor of Science - Actuarial And Financial Mathematics

University of Pretoria
Pretoria

Technical Member -

Actuarial Society of South Africa

Skills

    Microsoft Office

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Timeline

Senior Actuarial Analyst

Xivoni Actuaries and Consultants
08.2021 - Current

Product Specialist

First National Bank Swaziland
10.2020 - 07.2021

Business Intelligence Analyst

First National Bank Swaziland
03.2019 - 09.2020

Executive Assistant to the CEO

First National Bank Swaziland
01.2018 - 02.2019

Liabilities Analyst

First National Bank Swaziland
07.2017 - 12.2017

Financial Analyst

Financial Services Regulatory Authority
01.2016 - 06.2017

Junior Actuarial Analyst

Johan Sauer Actuaries and Consultants
09.2014 - 03.2015

Bachelor of Science - Actuarial And Financial Mathematics

University of Pretoria

Technical Member -

Actuarial Society of South Africa

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Maryam KhozaSenior Actuarial Analyst