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 Monthly IFRS 17 and capital calculations
  • Managing timelines across the various teams in order to produce Monthly IFRS 17 results within timelines
  • 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, including:
  • 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 IFRS 17 cashflow projection, capital, pricing or business case modelling
  • Development of and maintenance of advanced spreadsheet models
  • Development of and maintenance of actuarial open platform Prophet software models
• 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
• Progress in Actuarial Exams
• Experience in running Prophet Enterprise Software added Advantage