Actuarial Analyst - Model Development at Absa Group Limited (Absa)

About the Job

Job Summary

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 basic 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, including:
  • Production of competitor and technical product analysis as an input to 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 spreadsheet 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