Actuarial Analyst at Absa Bank Limited

Overall Job Purpose

To provide specialist actuarial support that enables sound commercial advice through the application of probability & investment theory and related statistical tools and the execution of predefined objectives as per agreed standard operating procedures to support sound management of business performance and financial risk.

Job Description

Key Accountabilities

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

Processes may include:

• 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
• Product development and management (to enable business performance and drive customer value) :
  • production of competitor and technical product analysis as an input to product design formulation of product specifications 
• Running models (to ensure accurate financial reporting and support management decision making) at a basic level, for inputs to processes such as reserving or business case modelling

Qualifications

• Bachelor’s degree in actuarial, Physical, Mathematical, Computer and Life Sciences
• At least 1 years of experience in a similar role.
• Actively pursuing Actuarial professional Exams