Actuarial Analyst

2 weeks ago


Johannesburg, Gauteng, South Africa Nedbank Full time

Job Classification
-


REQ:

Refilwe Falatsi:

-


Closing Date: 8 September 2023:



  • 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

Job Purpose

  • To provide actuarial solutions to internal and external clients within the Non-Life Corporate Actuarial team; in line with Nedbank's Client Value Proposition

Responsibilities:

  • Completion of Monthly IFRS reserving results for the Non-Life Licence of the company.
  • Completion of SAM returns on a quarterly basis, as well as Annual SAM returns, for the Non-Life licences.
  • Investigations of results to identify trends and spaces for improvement in existing processes.
  • Assistance with the automation of existing processes in the Non-Life valuations space 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 process of the company for the Non-Life licences.
  • Assisting with basis setting exercises of the company.
  • Communication of results to actuarial managers for further action.
  • Be an active member of the Actuarial team.
  • 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).
  • Seek opportunities to improve business processes and systems by identifying and recommending effective ways to operate and adding value to Nedbank.
  • Express ideas or facts clearly in written documentation so that the content is understood by the recipient.
  • Support the achievement of the business strategy; objectives and values by reviewing Nedbank and Business Unit Plan and ensuring delivered systems; process; services and solutions are aligned.
  • Ensure all personal development plan activities are completed within specified timeframe.
  • 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.
  • Develop and use collaborative relationships to facilitate the accomplishment of work goals.

People Specification

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


Preferred Qualification
  • Bachelor of Science or Commerce in Actuarial Science
  • Essential Certifications
  • Preferred Certifications
  • Minimum Experience Level 1 3 years in the Actuarial field focusin on Non-Life products.
    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 at Refilwe Falatsi_
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