Actuarial Analyst

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

**Job Description**:
Key accountabilities

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

Processes may include:
1. 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

2. Product development and management to enable business performance and drive customer value, including:

- Production of competitor and technical product analysis as an input to product design
- Formulation of product specifications and implementing product enhancements

3. 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 spreadsheet models

4. 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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