Actuarial Manager

4 weeks ago

Johannesburg, South Africa Nedbank Full time

Job Classification
  • REQ: 133355 - Refilwe Falatsi
  • Closing Date: 26 April 2024
  • Division: Nedbank Insurance | Client Solution Actuarial
  • Employment Equity Statement: Preference will be given to Individual from underrepresented groups. 
Job Family

Risk, Audit & Compliance

Career Stream

Actuarial

Leadership Pipeline

Manage Self Technical

FAIS Affected Job Purpose

This role provides the successful individual the opportunity to head up the team responsible for actuarial reporting of Nedbank Insurance’s Life licences.  This includes the production, analysis, and presentation of IFRS valuations and SAM returns, along with other important KPI’s to assist management in making correct strategic decisions.

Accountability will be to internal and external stakeholders of Nedbank Insurance, in line with Nedbank's Client Value Proposition. The role provides exposure to the various facets of a Life Insurance business across the value chain. It will also involve engagement with the Chief Actuary, Chief Financial Officer and the Head of Actuarial Function, and Executive and Insurance Board subcommittees. The person fulfilling the role is expected to have technical knowledge of life insurance valuations while enjoying mentoring and growing staff and engaging and working with stakeholders. 

Job Responsibilities

•    Manage and guide the actuarial team responsible for the valuations on three life licences.
•    Valuations of liabilities on IFRS basis and analysis of surplus arising.
•    Preparation of actuarial components of SAM returns.
•    Embedded Value calculations for internal business use.
•    Economic Capital calculations.
•    Review and analyse financial performance relative to various metrics.
•    Monitor experience across products, comparing relative to market.
•    Ensure continued stakeholder education and engagement on key findings via reports and presentations.
•    Regularly monitor the profile of business taken on and understand the business impact thereof.
•    Continuous improvement of models, systems, and reporting
•    Assist in driving insight into the business and aiding in commercial decisions around book management.
•    Understand and embrace the Nedbank vision and demonstrate the values through interaction with team and stakeholders.
•    Drive and maintain knowledge sharing within the team.
•    Ensure personal growth and enable effectiveness in performance of roles and responsibilities. 
•    Participate and support corporate responsibility initiatives for the achievement of business strategy.
•    Seek opportunities to improve business processes, models and systems though agile thinking.
•    Contribute to a culture conducive to the achievement of transformation goals.

People Specification
  • Accuracy of reports and records
  • Drafting / Creating reports
  • Built and Managed Client and Stakeholder Relationships
  • Managing conflict situations
  • Communication internal and external stakeholders
  • Managing stakeholder expectations
  • Interacting with diverse people
  • Working in a fast-paced and changing environment
  • Working within a team
  • Data Analytics
Essential Qualification

B.Degree in Actuarial Science (Hons)

FASSA or AMASSA

Minimum Experience Level
  • FASSA with relevant life valuations experience or AMASSA with at least 7 years of working experience.
  • Experience working in a Life Valuations team.

Desirable:
•    Experience with IFRS17
•    Experience with Prophet and/or R
•    Experience managing staff
•    Experience with HAF interactions
•    Experience working with Scrum/ Agile / Scaled Agile
 

Technical / Professional Knowledge
  • Business writing skills
  • Business principles
  • Business terms and definitions
  • Governance, Risk and Controls
  • Data analysis
  • Relevant software and systems knowledge
  • Banking knowledge
  • Insurance
Behavioural Competencies
  • Technical/Professional Knowledge and Skills
  • Quality Orientation
  • Technology Savvy
  • Communication
  • Continuous Improvement
  • Monitoring Information

---------------------------------------------------------------------------------------

Please contact the Nedbank Recruiting Team - Refilwe Falatsi

  • Actuarial Manager

    4 weeks ago

    Johannesburg, South Africa Mass Staffing Projects Full time

    **Job Information** - Location- Actuary Jobs in Johannesburg- Salary- Market Related- Job Type- Permanent- Education- BSc Actuarial Sciences- Experience- 5 - 7 Years- Reference- 140520FMAM01- - finance.jobs(at)staffingprojects.co.za- Fax- 0865728847This is an amazing opportunity from a leading Company!! They are currently seeking an Actuarial Manager. If you...

  • Actuarial Manager

    4 weeks ago

    Johannesburg, South Africa Mass Staffing Projects Full time

    **Job Information** - Location- Johannesburg- Salary- R 1.2 Million - R 920 K p/a- Job Type- Permanent- Education- Actuary- Experience- Minimum of 5 years’ experience in short-term insurance- Reference- 050121FAAM- - finance.jobs(at)staffingprojects.co.za- Fax- 0865728847Our client, a leading insurer is currently looking to secure an Actuarial Manager to...

  • Actuarial Manager

    4 weeks ago

    Johannesburg, South Africa Nedbank Full time

    **Job Classification** - **REQ: 133355 - Refilwe Falatsi**: - **Closing Date: 26 April 2024**: - **Division: Nedbank Insurance | Client Solution Actuarial**: - **Employment Equity Statement: Preference will be given to Individual from underrepresented groups.** - Job Family- Risk, Audit & Compliance- Career Stream- Actuarial- Leadership Pipeline- Manage...

  • Corporate Actuarial Manager

    7 days ago

    Johannesburg, South Africa Bryte Insurance Full time

    Who we are The role holder will be responsible to oversee team to perform routine Reserving or Capital tasks as assigned requiring mínimal direct supervision; performs more complex analyses. Key Tasks and Accountabilities Business Accountabilities General - Provide actuarial services with mínimal supervision. - Coordinate work tasks. - Provide guidance...

  • Senior Actuarial Manager

    4 weeks ago

    Johannesburg, South Africa Moving Heads Personnel Full time

    Implement the operating model for the Actuarial function that provides a strategic and fit-for-purpose actuarial service which contributes to business growth and strategy realisation. In collaboration with the GM: Actuarial ensure that best practice actuarial frameworks and processes are followed. - In collaboration with the GM Actuarial ensure the...

  • Actuarial Manager

    1 week ago

    Johannesburg, South Africa Nedbank Full time

    Job Classification REQ: 133355 - Refilwe Falatsi Closing Date: 10 May 2024 Division: Nedbank Insurance | Client Solution Actuarial Employment Equity Statement: Preference will be given to Individual from underrepresented groups.  Job Family Risk, Audit & Compliance Career Stream Actuarial Leadership Pipeline Manage Self Technical FAIS Affected Job...

  • Actuarial Manager

    1 week ago

    Johannesburg, South Africa Nedbank Full time

    Job Classification REQ: 133355 - Refilwe Falatsi Closing Date: 10 May 2024 Division: Nedbank Insurance | Client Solution Actuarial Employment Equity Statement: Preference will be given to Individual from underrepresented groups. Job FamilyRisk, Audit & ComplianceCareer StreamActuarialLeadership PipelineManage Self TechnicalFAIS AffectedJob PurposeThis role...

  • Actuarial Manager

    1 week ago

    Johannesburg, Gauteng, South Africa Nedbank Full time

    Job ClassificationREQ: Refilwe Falatsi Closing Date: 10 May 2024 Division: Nedbank Insurance | Client Solution Actuarial Employment Equity Statement: Preference will be given to Individual from underrepresented groups. Job FamilyRisk, Audit & ComplianceCareer StreamActuarialLeadership PipelineManage Self TechnicalFAIS AffectedJob PurposeThis role provides...

  • Actuarial Manager

    3 weeks ago

    Johannesburg, Gauteng, South Africa Nedbank Full time

    Job ClassificationREQ: Refilwe Falatsi Closing Date: 26 April 2024 Division: Nedbank Insurance | Client Solution Actuarial Employment Equity Statement: Preference will be given to Individual from underrepresented groups. Job FamilyRisk, Audit & ComplianceCareer StreamActuarialLeadership PipelineManage Self TechnicalFAIS AffectedJob PurposeThis role provides...

  • Actuarial Consultant

    5 days ago

    Johannesburg, South Africa PKF Octagon Full time

    **Job Overview**: We are seeking an experienced Actuarial Consultant to join our team to provide expertise in IAS 19 valuations, Non-life pricing and reserving, and IFRS17. The Actuarial Consultant will be responsible for providing high-quality consultancy services to our clients, ensuring that they receive accurate and timely advice on actuarial...

  • Assistant Actuarial Manager

    4 weeks ago

    Johannesburg, South Africa Mass Staffing Projects Full time

    **Job Information** - Location- Actuary Jobs in Johannesburg- Salary- R900k - R800k- Job Type- Permanent- Education- Newly / Nearly Qualified Actuary- Experience- 5 - 7 Years- Reference- 030920FGAUD05- - finance.jobs(at)staffingprojects.co.za- Fax- 0865728847My client who is based in JHB is currently looking for an Assistant Manager in their Life team. They...

  • Actuarial Specialist

    7 days ago

    Johannesburg, South Africa Adept Advisory (Pty) Ltd Full time

    Are you an accomplished and driven Actuarial Specialist seeking a new challenge? Minimum of 5+ years’ experience as an Actuarial Previous experience in pricing and product development will be advantageous Must be competent in Excel, SQL and SAS Great stakeholder engagement capabilities BSc Actuarial Degree Qualified Actuary Must be able to perform...

  • Actuarial Analyst

    6 days ago

    Johannesburg, South Africa Contemporary Executive Solutions Full time

    Unleash Your Analytical Skills and Thrive in an Industry-Leading Team! Non-Life Actuarial Join this innovative insurance company as an Actuarial Analyst in the vibrant city of Johannesburg. Work autonomously while under pressure in their fast-paced Actuarial & Analytics department. With excellent communication and attention to detail, you'll excel in this...

  • Actuarial Specialist: Corporate Actuarial

    4 weeks ago

    Johannesburg, South Africa Absa Bank Limited Full time

    Bring your possibility to life! Define your career with us - 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...

  • Actuarial Analyst

    3 weeks ago

    Johannesburg, South Africa The Hiring House Full time

    Responsibilities- Research and advocate various policy issues and concepts to help improve the healthcare system - Contribute to mergers and acquisition, product development, benefit design and review process, pricing and other actuarial evaluation and actuarial reports from schemes and other related research studies.- Analyse, develop and validate...

  • Actuarial Analyst

    3 weeks ago

    Johannesburg, South Africa The Hiring House Full time

    Responsibilities - Research and advocate various policy issues and concepts to help improve the healthcare system - Contribute to mergers and acquisition, product development, benefit design and review process, pricing and other actuarial evaluation and actuarial reports from schemes and other related research studies.- Analyse, develop and validate...

  • Actuarial Analyst

    3 weeks ago

    Johannesburg, South Africa Adzuna ZA B C2 Full time

    Responsibilities- Research and advocate various policy issues and concepts to help improve the healthcare system - Contribute to mergers and acquisition, product development, benefit design and review process, pricing and other actuarial evaluation and actuarial reports from schemes and other related research studies.- Analyse, develop and validate...

  • Finance Actuary

    6 days ago

    Johannesburg, South Africa Old Mutual Full time

    Description Role Overview Join South Africa’s largest actuarial team where your career development is taken seriously and you will experience new and extraordinary aspects of the financial services industry. As South Africa’s Top Employer in the financial services sector, Old Mutual looks forward to welcome you to our team. This Johannesburg-...

  • Finance Actuary

    5 days ago

    Johannesburg, Gauteng, South Africa Old Mutual Life Assurance Company (Malawi) Limited Full time

    Let's Write Africa's Story TogetherOld Mutual is a firm believer in the African opportunity and our diverse talent reflects this. Job DescriptionRole OverviewJoin South Africa's largest actuarial team where your career development is taken seriously and you will experience new and extraordinary aspects of the financial services industry. As South Africa's...

  • Finance Actuary

    5 days ago

    Johannesburg, South Africa Old Mutual Life Assurance Company (Malawi) Limited Full time

    Let's Write Africa's Story Together!Old Mutual is a firm believer in the African opportunity and our diverse talent reflects this. Job DescriptionRole OverviewJoin South Africa's largest actuarial team where your career development is taken seriously and you will experience new and extraordinary aspects of the financial services industry. As South Africa's...