Actuarial Analyst

2 weeks ago


Johannesburg, South Africa Nedbank Full time

**Job Classification**

**REQ: 129254 - Refilwe Falatsi**

**Division: Nedbank Insurance | Client Solutions (Actuarial)**

**Closing Date: 12 December 2023**

**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 product solutions for vehicle value added products, legal expense and a subset of motor insurance products to internal and external clients within the insurance industry; in line with Nedbank’s Client Value Proposition.**Responsibilities**:

- Product development of new product benefits and participating in the review of product information in policy wording terms and conditions.
- Product design and pricing for new products including going through the various sign off processes until the product is ready for market
- Evaluate current product outcomes from a market conduct perspective to enhance existing product offerings
- Conduct product experience reviews and analyses for vehicle value added products, legal expense and a subset of motor insurance products
- Collaborate with various internal and external parties to improve customer experience pertaining to the product suite
- Review the product related information for all marketing and policy servicing communication relating to the VVAPS product
- Develop sound product and industry knowledge.
- Provide feedback and presentation to stakeholders.
- Ensure regulatory product compliance in collaboration with internal legal and compliance teams
- Oversee tasks; internal and external stakeholders to ensure relevant; timeous implementation of initiative
- Perform market research from time to time
- Comply with corporate governance requirements to minimise risk to all stakeholders.
- Knowledge of SQL and VBA
- Share knowledge and industry trends with team and stakeholders during formal and informal interaction.
- Assist with developing products on systems
- Assist with reporting on the various products to various forums
- Ensure self and staff understand and embrace the Nedbank Vision and Values by leading by example and re-enforcing values during meetings.n support of the implementation of recommendations.

**People Specification**
- Essential Qualification - NQF Level- B.Degree in Actuarial Science- Minimum Experience Level- 1 -3 years in the Actuarial field. Experience in a product environment would be an advantage. (Insurance)**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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