Senior Actuarial Analyst at Absa Bank Limited

Overall job purpose

To provide specialist actuarial support that enables sound commercial advice through the application of probability and 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 advanced actuarial production processes under general 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
  • production of actuarial exercises such as reserving, capital, and pricing
• Product development and management (to enable business performance and drive customer value):
  • production of competitor research (and understanding of the landscape) and technical product analysis as inputs to product design
  • creating basic product design, formulation of product specifications and implementing product enhancements
• 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 advanced spreadsheet models
  • development of and maintenance of actuarial open platform software models
• Management of stakeholders (to enable alignment and efficient delivery of business objectives) through coordinating activities; planning deliverables; and tracking and reporting progress

Qualifications

• Bachelor’s degree in actuarial, Physical, Mathematical, Computer and Life Sciences
• At least 5 years of experience in a similar role.
• At least 8 professional exams from either SOA, IFOA or any other recognized actuarial body.

Closing date: 20 May 2022