Actuarial Analyst

2 weeks ago


Johannesburg, Gauteng, South Africa Nedbank Full time

Job Classification



REQ:
Refilwe Falatsi


Closing Date: 13 January 2023

Equity Statement:
Preference will be given to individuals from underrepresented groups.


Cluster

  • Nedbank Wealth Cluster
  • Nedbank Insurance Division
  • Functional Area: Corporate Actuarial
  • 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 insurance industry; in line with Nedbank client value proposition. The role is based within Nedbank Insurance and offers exposure to both long and short term insurance.

Responsibilities:

  • Investigatig IFRS 17 reporting requirements for Nedbank Insurance's products.
  • Drafting IFRS 17 for Nedbank Insurance.
  • Developing and understanding the current valuation and reporting processes.
  • Testing and implementing solutions to meet IFRS17 requirements.
  • Interacting with the Nedbank Insurance Finance and Corporate Actuarial teams involved in the Nedbank Insurance IFRS 17 implementation.
  • Contribute to a culture conducive to the achievement of transformation goals by participating in Nedbank Culture building initiatives (e.g. staff surveys etc).
  • Participate and support corporate responsibility initiatives for the achievement of business strategy (e.g. Green Strategy)
  • Share knowledge and industry trends with team and stakeholders during formal and informal interaction.
  • Obtain buyin for developing new and/or enhanced processes (e.g. operational processes) that will improve the functioning of stakeholders' businesses by highlighting benefits in support of the implementation of recommendations.

People Specification

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


Preferred Qualification
  • BSc (Actuarial Science)
  • BSc (Hons) Actuarial Science
  • MSc (Actuarial Science)


Essential Certifications
  • Preferred Certifications
  • Type of Exposure
  • Comparing two or more sets of information Working with a group to identify alternative solutions to a problem
  • Managing conflict situations
  • Sharing information in different ways to increase clients understanding
  • Communicating internally and external
  • Capturing data
  • Checking accuracy of reports and records.
  • Drafting reports
  • Managing customer expectations
  • Interacting with diverse people
  • Working in a fastpaced environment
  • Working in a team
  • Working with spreadsheets
  • Minimum Experience Level 1 3 years in the Actuarial field.
  • Valuations experience (shortterm insurance and/or longterm insurance) will be an advantage.
  • IFRS 17 knowledge will be an advantage.
  • SAM, SVM, IFRS or EV reporting
  • Prophet, DCS, ResQ or R experience will be an advantage.
  • We are looking for an actuarial student who can engage with key IFRS 17 issues under agreed deadlines.

Technical / Professional Knowledge

  • Administrative procedures and systems
  • Banking knowledge
  • Business principles
  • Business terms and definitions
  • Data analysis
  • Microsoft Office
  • Relevant software and systems knowledge
  • Business writing skills
  • Governance, risk and controls


Behavioural Competencies
  • Adaptability
  • Applied Learning
  • Communication
  • Collaborating
  • Innovation
  • Work Standards
- **_Please contact the Nedbank Recruiting Team
  • Refilwe Falatsi_

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