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  • Posted: Nov 23, 2021
    Deadline: Not specified
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  • Nedbank Group Limited is a bank holding company that operates as one of the four largest banking groups in South Africa. The company's shares have been listed on the JSE Limited since 1969. The group offers a wide range of wholesale and retail banking services through four main business clusters, namely Nedbank Corporate and Investment Banking, Nedbank Retai...
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    Actuarial Analyst

    Job Purpose

    To provide actuarial solutions to internal and external clients within the insurance industry; in line with Nedbank client value proposition. The role is based within Nedbank Insurance and offers exposure to both long and short term insurance.

    Job Responsibilities

    • Investigatig IFRS 17 reporting requirements for Nedbank Insurance's products.

    • Drafting IFRS 17 for Nedbank Insurance.

    • Developing and understanding the current valuation and reporting processes.

    • Testing and implementing solutions to meet IFRS17 requirements.

    • Interacting with the Nedbank Insurance Finance and Corporate Actuarial teams involved in the Nedbank Insurance IFRS 17 implementation.

    • The candidate will work with various stakeholders from Finance and Corporate Actuarial to transition the business from IFRS 4 reporting to IFRS 17 reporting.

    • Contribute to a culture conducive to the achievement of transformation goals by participating in Nedbank Culture building initiatives (e.g. staff surveys etc).

    • Participate and support corporate responsibility initiatives for the achievement of business strategy (e.g. Green Strategy)

    • Share knowledge and industry trends with team and stakeholders during formal and informal interaction.

    • Obtain buy-in for developing new and/or enhanced processes (e.g. operational processes) that will improve the functioning of stakeholders' businesses by highlighting benefits in support of the implementation of recommendations.

    People Specification

    Essential Qualifications - NQF Level

    • Advanced Diplomas/National 1st Degrees

    Preferred Qualification

    • BSc (Actuarial Science)

    • BSc (Hons) Actuarial Science

    • MSc (Actuarial Science)

    Essential Certifications

     

    Preferred Certifications

    Type of Exposure

    • Comparing two or more sets of information Working with a group to identify alternative solutions to a problem

    • Managing conflict situations

    • Sharing information in different ways to increase clients understanding

    • Communicating internally and external

    • Capturing data

    • Checking accuracy of reports and records.

    • Drafting reports

    • Managing customer expectations

    • Interacting with diverse people

    • Working in a fast-paced environment

    • Working in a team

    • Working with spreadsheets

    Minimum Experience Level

    • 1 -3 years in the Actuarial field.

    • Valuations experience (short-term insurance and/or long-term insurance) will be an advantage.

    • IFRS 17 knowledge will be an advantage.

    • SAM, SVM, IFRS or EV reporting

    • Prophet, DCS, ResQ or R experience will be an advantage.

    • We are looking for an actuarial student who can engage with key IFRS 17 issues under agreed deadlines.

    Technical / Professional Knowledge

    • Administrative procedures and systems

    • Banking knowledge

    • Business principles

    • Business terms and definitions

    • Data analysis

    • Microsoft Office

    • Relevant software and systems knowledge

    • Business writing skills

    • Governance, risk and controls

    Behavioural Competencies

    • Adaptability

    • Applied Learning

    • Communication

    • Collaborating

    • Innovation

    • Work Standards

    Method of Application

    Interested and qualified? Go to Nedbank on jobs.nedbank.co.za to apply

    Note: Never pay for any training, certificate, assessment, or testing to the recruiter.

  • Send your application

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