Jobs Career Advice Signup
X

Send this job to a friend

X

Did you notice an error or suspect this job is scam? Tell us.

  • Posted: Nov 3, 2020
    Deadline: Not specified
    • @gmail.com
    • @yahoo.com
    • @outlook.com
  • Never pay for any CBT, test or assessment as part of any recruitment process. When in doubt, contact us

    Absa Bank Limited (Absa) is a wholly owned subsidiary of Barclays Africa Group Limited. Absa offers personal and business banking, credit cards, corporate and investment banking, wealth and investment management as well as bancassurance.
    Read more about this company

     

    Actuary

    Job Summary

    Responsible for providing support in terms of data, modelling and calculations to the Actuarial team to ensure delivery on valuations, profitability monitoring, capital calculations and new products. Provide support for reporting to the regulators and the Absa Group.

    Perform all other duties as reasonably assigned.

    Job Description

    • Accountability: Data and model development (30 %)
      • Perform data checks and create model point files
      • Ensure that the data reconciles with the financials and perform other data checks to ensure the data is correct and credible.
      • Liaise with Group Actuary and Statutory Actuary to ensure that the data reconciliations are signed off according to the Absa Group valuations timelines.
    • Accountability: Liability valuation and financial reporting (40 %)
      • Support the valuation team to perform the liability valuation, regulatory capital calculation and embedded value calculation.
      • Provide support to calculate the regulatory and published disclosures
    • Product Development (30%)
      • Support the execution of the product strategy in an agile manner
      • Understand the customer need and specific customer problem the business are solving for in designing product solutions that differentiates itself from the market
      • Support the design of innovative solutions that consider the end to end customer journey and policy lifecycle
      • Understand the competitive landscape and general commercial and economic environment through market research in order to help inform product design
      • Collaborate with functional support and risk areas in the product design process. This includes Customer Experience, Distribution, Underwriting, Claims, Policy Servicing, Fraud, Legal, Risk, Compliance, Technology, etc.
      • Development and reporting of key performance and experience monitoring metrics
      • Support formal product reviews
      • Analyse product profitability and recommend product design changes where necessary
      • Understand and ensure adherence to regulatory requirements and internal governance and control policies and procedures
    • Perform all other duties as reasonably assigned

    Education

    Bachelor's Degree: Actuarial Science (Required)

    Method of Application

    Interested and qualified? Go to Absa Bank Limited on absa.wd3.myworkdayjobs.com to apply

    Build your CV for free. Download in different templates.

  • Send your application

    View All Vacancies at Absa Bank Limited Back To Home

Subscribe to Job Alert

 

Join our happy subscribers

 
 
Send your application through

GmailGmail YahoomailYahoomail