Junior Actuarial Analyst

1 month ago

Johannesburg, South Africa Nedbank Full time

**Job Classification**
- **REQ: 136526 - Refilwe Falatsi**:

- **Division: Nedbank Insurance | Actuarial**:

- **Closing: 29 October 2024**:

- Job Family- Risk, Audit and Compliance- Career Stream- Actuarial- Leadership Pipeline**Job Purpose**
- To provide actuarial solutions to internal and external clients within the Life and/or Non-Life Corporate Actuarial team, in line with Nedbank’s Client Value Proposition.

**Responsibilities**:

- Completion of monthly IFRS reserving results for the individual licences.
- Completion of quarterly and annual SAM returns for the individual licences.
- Investigations of results to identify trends and anomalies.
- Assisting with basis setting exercises of the individual licences.
- Input and completion of actuarial elements of the individual licences’ ORSA return.
- Input into the annual forecasting process of the licence.
- Assistance with the automation of existing processes in the Corporate Actuarial space to improve efficiency.
- Documentation of existing and new processes.
- Communication of results to actuarial managers for further action.
- Be an active and engaged 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).
- Express ideas or facts clearly in written documentation so that the content is understood by the recipient.
- 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.

**People Specification**
- Essential Qualifications - NQF Level- Advanced Diplomas/National 1st Degrees
- Preferred Qualification- Bachelor of Commerce in Actuarial Science, Bachelor of Science in Actuarial Science- Minimum Experience Level- 0 -1 year
- Minimum of 4 exams (ASSA preferred)

**Technical / Professional Knowledge**
- Microsoft Office
- Business writing skills
- Business terms and definitions
- Data analysis
- Insurance Policy Technical Knowledge
- Behavioural Competencies- Collaborating
- Continuous Improvement
- Customer Orientation
- Managing Work
- Monitoring Information
- Influencing
- Decision Making
- **_Please contact the Nedbank Recruiting Team - Refilwe Falatsi_

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