Actuarial Analyst

3 weeks ago


Johannesburg, Gauteng, South Africa Nedbank Full time
Job Classification
  • REQ: 136526
  • Division: Nedbank Insurance | Actuarial
  • Job Family
  • Risk, Audit and Compliance
Career Stream

Actuarial

Leadership PipelineJob 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.
Key Responsibilities


• Completion of monthly IFRS reserving results for individual licences.

• Completion of quarterly and annual SAM returns for individual licences.

• Investigations of results to identify trends and anomalies.

• Assisting with basis setting exercises of individual licences.

• Input and completion of actuarial elements of 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.

• 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.

Essential QualificationsNQF 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

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Please contact the Nedbank Recruiting Team


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