Actuarial Specialist at Absa Group Limited (Absa)

Job Summary

To plan, manage and monitor the implementation of actuarial activities and processes in order to deliver on approved operational plans in an effective and efficient manner. This role supports sound management of business performance and financial risk.

Job Description

Key Accountabilities

• Perform advanced actuarial production processes under limited supervision to support sound management of business performance and financial risk.

Processes 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; setting of valuation and pricing bases
• production of actuarial exercises such as reserving, capital, budgeting etc.
• production of analysis of earning, risk reporting and analytics, and inputs to forecasting and planning processes
• 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 advanced spreadsheet models which may include planning and capital and risk modelling
• development of and maintenance of actuarial open platform software models

Coordination of a committee / forum (to enable business and risk management execution and oversight for a sound control environment); Understand and deliver requirements of internal stakeholders, within the same business unit; Understand and deliver requirements of internal stakeholders, not within the same business unit i.e., Risk, Group. People management responsibilities (to support talent development and business resilience): May have 1 to 2 junior direct reports.

Education

• Actuarial Degree with at least 11 Actuarial exams.
• At least 4 years’ experience in the relevant fields.

Education

• Bachelor`s Degrees and Advanced Diplomas: Business, Commerce and Management Studies (Required)

Closing Date: 29th, July 2022