Actuarial Analyst

Empowering Africa’s tomorrow, together…one story at a time.

With over 100 years of rich history and strongly positioned as a local bank with regional and international expertise, a career with our family offers the opportunity to be part of this exciting growth journey, to reset our future and shape our destiny as a proudly African group.

Job Summary

Overall job purpose
2 to 4 years short term insurance, with experience in short-term pricing, will be preferred.

To provide specialist actuarial support that enables sound commercial advice through the application of probability and related statistical tools and the execution of predefined objectives as per agreed standard operating procedures to support sound management of business performance and financial risk.

Job Description

Key accountabilities

2 to 4 years short term insurance, with experience in short-term pricing, will be preferred.

Perform basic actuarial production processes under general supervision to support sound management of business performance and financial risk.

Processes may include:

1. Analytics and financial reporting to ensure accurate financial reporting and support management decision making:

- Preparation and analysis of data as inputs to actuarial calculations such as reserving

- Production of management information

- Production of experience analyses as an input for pricing exercises

- Production of actuarial exercises such as r pricing

2. Product development and management to enable business performance and drive customer value, including:

- Production of competitor and technical product analysis as an input to product design

- Formulation of product specifications and implementing product enhancements

3. Running models to ensure accurate financial reporting and support management decision making at an advanced level:

- For inputs to processes such as pricing or business case modelling

- Development of and maintenance of specialist software models

4. Management of stakeholders to enable alignment and efficient delivery of business objectives through coordinating activities, planning deliverables, and tracking and reporting progress

Education

Bachelor's Degree: Actuarial Science

Absa Bank Limited is an equal opportunity, affirmative action employer. In compliance with the Employment Equity Act 55 of 1998, preference will be given to suitable candidates from designated groups whose appointments will contribute towards achievement of equitable demographic representation of our workforce profile and add to the diversity of the Bank.

Absa Bank Limited reserves the right not to make an appointment to the post as advertised