Actuarial Analyst at Absa Group Limited (Absa)

Job Summary

• This is a non-life insurance specific role within the Corporate Actuarial team. The candidate will support the Actuarial Manager with reserve calculations, IFRS 17 implementation, capital management and regulatory reporting.

Job Description

Reserving 

• Build processes and data extracts to feed into reserving calculations, including IFRS 17 calculations
• Have a good understanding of the policy administration system and corresponding data flow into financials
• Monitoring reserve development experience and collaborating with key stakeholders to ensure understanding of trends and impacts on the business

Regulatory Reporting

• Operate the SAM regulatory capital model
• Maintain and further develop the Python code underlying the model
• Have a good understanding of policy administration system and data flow into financials
• Continuous improvement and automation of the various models
• Own Risk and Solvency Management (ORSA)

Operate the ORSA projection model

• Assist in setting and monitoring quantitative risk appetite metrics
• Perform stress and scenario testing as part of the Company’s ORSA processes

Education and experience required

• A Degree in Actuarial Science with minimum 6 exemptions (Honours degree would be advantageous)

Knowledge and skills

• Strong analytical skills with the ability to take on complex problems
• Comfortable adapting and responding to change
• Excellent time management skills with the ability to prioritise deliverables and manage stakeholder expectations

Education

• Bachelor's Degree: Actuarial Science