Senior Actuarial Analyst

2 weeks ago

Johannesburg, South Africa Nedbank Full time
Job Classification

  • REQ: 133356 - Refilwe Falatsi
  • Closing Date: 3 May 2024
  • Division: Nedbank Insurance | Corporate Actuarial
  • Employment Equity Statement: Preference will be given to individuals from underrepresented groups.


Job Family

Risk, Audit and Compliance

Career Stream

Actuarial

Leadership Pipeline

Manage Self: Technical

FAIS Affected

Job Purpose

To provide actuarial solutions to internal and external clients within the life corporate actuarial team; in line with Nedbanks Client Value Proposition.

Job Responsibilities

  • Completion of monthly IFRS reserving results for the Life Licence of the Company.
  • Completion of SAM returns on a quarterly basis, as well as Annual SAM returns, for the Life Licence of the Company.
  • Investigations of results to identify trends and spaces for improvement in existing processes.
  • Assistance with the automation of existing processes in the life valuations spaces to improve efficiency.
  • Documentation of existing and new processes.
  • Input and completion of Actuarial elements of the companies ORSA returns.
  • Input into the annual budgeting processing of the company for the life licences.
  • Input into basis setting exercises of the company.
  • Communication of results to actuarial managers for further action.
  • Input into the completion of Actuarial Committee and Board packs.
  • Be active member of the Actuarial team and help to mentor and guide junior staff.
  • Contribute to a culture conducive to the achievement of transformation goals by participating in Nedbank Culture building initiatives (e.g., staff surveys, etc.).
  • Support and encourage staff to participate and support corporate responsibility initiative.
  • Stay abreast in field of expertise and deliver on the expectations from stakeholders by building capability of self and staff through identifying current and future training and development needs.
  • Contribute to team effectiveness by following the recruitment process when recruiting talent.
  • Maintain a capable high performing team and ensure an environment for optimal performance is created by identifying talent pool through conducting career conversations, utilizing the talent grid principles and developing talent retention programmes (e.g., rotation)
  • Ensure self and staff understand and embrace the Nedbank Vision and Values by leading by example and re-enforcing values during meetings.


People Specification

Essential Qualifications - NQF Level
  • Advanced Diplomas/National 1st Degrees


Preferred Qualification

Bachelor of Commerce , Bachelor of Science (Actuarial Science)

Minimum Experience Level

  • 5 years + Actuarial experience
  • Minimum 11 Actuarial exams passed - Maximum 2 Actuarial exams left to qualify
  • Nearly / Newly qualified Actuary


Technical / Professional Knowledge
  • Administrative procedures and systems
  • Banking knowledge
  • Business principles
  • Business terms and definitions
  • Data analysis
  • Governance, Risk and Controls
  • Microsoft Office
  • Nedbank culture and values
  • Nedbank vision and strategy
  • Relevant software and systems knowledge
  • Business writing skills


Behavioural Competencies
  • Adaptability
  • Applied Learning
  • Communication
  • Collaborating
  • Innovation
  • Work Standards


Please contact the Nedbank Recruiting Team - Refilwe Falatsi

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