Actuarial Specialist: Corporate Actuarial - JHB at Absa Group Limited (Absa)

Key accountabilities

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

Processes may include:

1. 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, and pricing
• Production of analysis of earning, risk reporting and analytics, and inputs to forecasting and planning processes

2. Product development and management to enable business performance and drive customer value, including:

• Production of competitor research and understanding of the landscape and technical product analysis as inputs to product design
• Creating advanced product design, formulation of product specifications and implementing major product enhancements

3. 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

4. Coordination of a committee / forum to enable business and risk management execution and oversight for a sound control environment and:

• 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

5. People management responsibilities to support talent development and business resilience

• May have 1 to 2 junior direct reports

Education

• Bachelor's Degree: Actuarial Science