Actuarial Analyst (Pricing) at Nedbank

Job Purpose

• To provide actuarial solutions to internal and external clients within the life corporate actuarial team; in line with Nedbanks Client Value Proposition.

Job Responsibilities

• Assist with pricing of Life Insurance products for Nedbank Insurance. 
• Model development work to support pricing work, month-end reporting on IFRS17 and quarterly SAM reporting.
• Track and report on VNB for Nedbank Insurance Life Insurance products.
• Work with the wider Life Corporate Actuarial team to develop and improve actuarial models for existing and future business, and assist with the implementation of these in Prophet.
• Assistance with ensuring integrity of data for valuation work and experience investigations.
• Providing ad hoc actuarial support to various other areas, and the broader business, including:
• Assistance with monthly IFRS reserving results;
• Assistance with the annual budgeting process;
• Assistance with quartely SAM reporting of Life Products. 
•  Communication of results to actuarial managers for further action.
• Assistance with the completion of Actuarial Committee and Board packs.
• Assistance with the automation of existing processes in the life valuations space to improve efficiency. 
• Investigations of results to identify trends and spaces for improvement in existing processes. 
• Documentation of existing and new processes. 
• Be active member of the Actuarial team and take initiative in own development. 
• Contribute to a culture conducive to the achievement of transformation goals by participating in Nedbank Culture building initiatives (e.g. staff surveys etc.).
• Support and encourage staff to participate and support corporate responsibility initiative.
• Stay abreast in field of expertise and deliver on the expectations from stakeholders by building capability of self and staff through identifying current and future training and development needs.
• Contribute to team effectiveness by following the recruitment process when recruiting talent.

People Specification

Essential Qualifications - NQF Level

• Advanced Diplomas/National 1st Degrees

Preferred Qualification

• Bachelor of Commerce (Actuarial Science) , Bachelor of Science (Actuarial Science)

Essential Certifications

Preferred Certifications

Minimum Experience Level

• 1 - 3 years in the Corporate Actuarial / valuations environment
• Experience with Life Insurance is advantageous
• Good progress with A-level actuarial exams. (7 to 8 exams)

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

Closing Date: 19 February 2026