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  • Posted: Feb 5, 2026
    Deadline: Feb 19, 2026
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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 (Pricing)

    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

    Check how your CV aligns with this job

    Method of Application

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

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