Corporate Actuarial Specialist

2 weeks ago


Johannesburg, 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

Management of complex actuarial production processes to deliver sound management of business performance and financial risk.

**Job Description**:
Key accountabilities
- Analytics to ensure accurate financial reporting and support management decision making
- Preparation and analysis of data as inputs to actuarial calculations where required
- Production of management information
- Production of actuarial exercises such as Embedded Value and Value of New Business reporting under the IFRS17 framework, this entails coordinating inputs from the various BAU’s.
- Analysis and reporting of policyholder liabilities under the IFRS17 framework, this entails coordinating inputs from the various BAU’s.
- Refine existing AoS/AoEV processes to be appropriate for reporting under the IFRS17 framework
- Running models to ensure accurate financial reporting and support management decision making at an advanced level
- Periodic experience monitoring and development of underlying models when required
- Development of and maintenance of advanced spreadsheet models
- Development of and maintenance of actuarial open platform software complex models
- Perform independent review and provide actuarial opinions to ensure accuracy of outputs for sound business decision making and ensuring a robust control environment
- Coordination of a committee / forum to enable business and risk management execution and oversight for a sound control environment
- Draft papers for committees on results and present to those committees
- Understand and deliver requirements of internal stakeholders, within the same business unit e.g. Finance Control
- Understand and deliver requirements of internal stakeholders, not within the same business unit i.e. Risk, Group
- Collaboration with and deliver requirements for external stakeholders i.e. head of actuarial control function (HAF), auditors, cell captive businesses etc.
- 1st line quality / assurance review and checking (to ensure accuracy of outputs for sound business decision making and ensuring a robust control environment).
- People management responsibilities (to support talent development and business resilience): Two direct reports.

Education
- Bachelor's Degree: Actuarial Science
- Close to completion of Actuarial Examinations i.e. at least 12 exams

Experience
- +- 5 years’ experience in corporate actuarial life office valuations and reporting
- Exposure to the IFRS17 reporting framework will also be beneficial to applicants

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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