Senior Actuarial Analyst

6 days ago


Johannesburg, South Africa Nedbank Full time

**Job Classification**
- **REQ: 133359 - Refilwe Falatsi**:

- **Closing Date: 19 November 2024**:

- **Division: Nedbank Insurance | CSA**:

- **Employment Equity Statement: Preference will be given to individuals from underrepresented groups.**
- Job Family- Risk, Audit & Compliance- Career Stream- Actuarial- Leadership Pipeline- Manage Self Technical- FAIS Affected**Job Purpose**
- To take responsibility and manage the performance of new business written by Nedbank Insurance under its MyCover Personal Lines product. To assist with new product concepts that will be developed in collaboration with Distribution, Client Experience and Underwriting teams.**Responsibilities**:

- Develop and implement new business pricing models for all sections of our personal lines business using the Willis Towers Watson suite of software.
- Monitor and review claims experience within the portfolio to ensure business profitability targets to met.
- Monitor and review lapse experience within the portfolio to ensure better persistency.
- Help produce monthly reporting packs for DIVCO and INEXCO based on automated dashboards that provide detail for a helicopter view of product KPIs.
- Assist with producing quarterly reporting packs for the Actuarial Control Committee (ACC) and Client Centricity Committee (CCC).
- Assist with compiling product reviews / deep dives on concerns that may be highlighted by the product dashboards and presented to the ACC.
- Engage with Distribution, Client Experience, Underwriting and reinsurers in the new development and pricing of new products and product enhancements.
- Engage with Distribution, Client Experience and Operations to streamline processes and ensure all areas are working effectively in maximising the client value while ensuring product profitability to make the portfolio commercially viable.
- Engage with the system developers to ensure any system changes and additions identified are implemented.
- Review and update product registers, pricing policies, underwriting manual, policy documentation, market material and other product collateral as required by regulation or business from time to time.
- Assist with market research and data analytics as required.

**People Specification**
- Essential Qualifications - NQF Level- Advanced Diplomas/National 1st Degrees
- Preferred Qualification- Bachelor of Commerce or Bachelor of Science in Actuarial Science with good progress towards qualifying as an Actuary (at least 8 exams).
- Minimum Experience Level**A minimum of 3 years' Actuarial experience in product development and pricing in the Non-Life Insurance personal lines industry.**
- Preferred Skills:
- **Analytical problem solving.**:

- **Independent worker.**:

- **SQL**:

- **Willis Towers Watson - Radar, Emblem**:

- **R**:

- **Microsoft Office**

**Technical / Professional Knowledge**
- Business principles
- Business terms and definitions
- Governance, Risk and Controls
- Data analysis
- Relevant software and systems knowledge
- Banking knowledge
- Insurance
- Strategic Analysis
- Behavioural Competencies- Technical/Professional Knowledge and Skills
- Quality Orientation
- Decision Making
- Influencing
- Monitoring Information
- Innovation
- **_Please contact the Nedbank Recruiting Team - Refilwe Falatsi_



  • Johannesburg, South Africa Paton Personnel Full time

    Join a leading financial services group in Johannesburg as a Senior Actuarial Analyst. Youll analyse risk data, support product development, handle valuations, and work with IFRS17 and SAM reporting. Requirements: Actuarial Science degree (honours preferred), strong progress with actuarial exams, 3+ years life insurance actuarial experience, and proficiency...

  • Actuarial Analyst

    3 weeks ago


    Johannesburg, South Africa Executiveplacements.Com - The Job Portal Full time

    Summary Join a life insurer committed to financial responsibility and innovation. We are seeking a Junior Actuarial Analyst to support our Actuarial Valuations team and will be responsible for financial reporting, reserving, capital monitoring, and strategic insights. Role Overview As an Actuarial Analyst, you will work closely with business and senior...


  • Johannesburg, South Africa AIG Full time

    Senior Actuarial Analyst – AIG The following outlines the core responsibilities and qualifications for the position. Responsibilities Support the calculation of US GAAP and IFRS reserves for the AIG entities in Africa Work closely with both the HAFs for AIG Life South Africa and AIG South Africa entities to ensure that all regulatory and actuarial...

  • Actuarial Analyst

    2 weeks ago


    Johannesburg, South Africa Affinity Health Full time

    Role Overview As a Actuarial Analyst, you will work closely with the business and senior actuaries to : Support the production of actuarial valuations and regulatory returns (e.g., SAM, IFRS 17). Contribute to experience investigations, assumption setting, and reserve movement analysis. Assist in financial projections for budgeting, capital, and ORSA...

  • Actuarial Analyst

    4 weeks ago


    Johannesburg, South Africa Discovery Limited Full time

    Actuarial Analyst Business Unit: Discovery Central Services Function: Actuarial Sciences Discovery – Discovery Green Actuarial Analyst / Actuary About Discovery Discovery's core purpose is to make people healthier and to enhance and protect their lives. We seek out and invest in exceptional individuals who understand and support our core purpose, and whose...

  • Actuarial Analyst

    3 weeks ago


    Johannesburg, South Africa Justthejob.Co.Za Full time

    Actuarial Analyst - Jhb Job Summary Job Description : Looking for a vibrant Actuarial Analyst to join a reputable Life Insurance organization in Johannesburg! We require a candidate with : Life insurance experience 6+ ASSA Exemptions Should you meet the requirements for this position, please email your CV to . You can also contact Holly on or alternatively...


  • City of Johannesburg, Gauteng, South Africa Antal International Full time

    **Corporate Actuarial Analyst/Senior Analyst (Non-Life)** *** **AA/EE: Preferable** **Contract: Permanent** **Location: Johannesburg** **Available: ASAP** **About the Role**: A leading reinsurer based in Johannesburg is looking for a Corporate Actuarial Analyst/Senior Analyst (Non-Life) with at least 2 years of non-life insurance experience. The...


  • Johannesburg, South Africa Goldman Tech Resourcing (Pty) Ltd Full time

    Actuarial Analyst Position Attention all actuarial professionals! Our client, based in Johannesburg, is currently seeking an Actuarial Analyst to join their team. As an Actuarial Analyst, you will be responsible for product development on a variety of products, as well as structuring deals and solving interesting problems in the business. If you are an...

  • Actuarial Analyst

    7 days ago


    Johannesburg, South Africa Paton Personnel Full time

    A leading insurance group is seeking a Lead Actuarial Analyst to join its actuarial team in a high-impact role. This opportunity is ideal for a nearly or newly qualified actuary, preferably an AMASSA member, with at least 3 years of relevant experience. The role involves responsibility for SAM returns, internal reporting, participation in actuarial...

  • Actuarial Analyst

    4 days ago


    Johannesburg, South Africa Munich Re Full time

    Actuarial Analyst Career Level 3 **Company** Munich Re **Location** Johannesburg, South Africa We are looking for an Actuarial Analyst to join the Group Business team, reporting to the Group Actuarial Team Lead. The Group Business department writes sustainable group reinsurance business, which includes mortality, disability and critical illness benefits,...