Student: Actuarial Iii

2 weeks ago


Johannesburg, Gauteng, 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 Summary

Overall job purpose

Job Description:

Key accountabilities

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

Processes may include:
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 basis setting / pricing exercises
  • Production of actuarial exercises such as reserving, capital, and pricing
Product development and management to enable business performance and drive customer value, including:

  • Production of competitor research and understanding of the landscape and technical product analysis as inputs to product design
  • Creating basic product design, formulation of product specifications and implementing product enhancements
Running models to ensure accurate financial reporting and support management decision making at an advanced level:

  • For inputs to processes such as reserving, capital, pricing or business case modelling
  • Development of and maintenance of advanced spreadsheet models
  • Development of and maintenance of actuarial open platform software models
  • 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 reserves the right not to make an appointment to the post as advertised_


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