Actuary- First Assurance 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.
Job Description

• Administrative and operations support: Provide Actuarial administrative and operations support and advice against standard operating procedures 
• Ad Hoc duties: Provide support to customers and team as required to ensure team performance on an ongoing basis 
• Compliance and Risk Management: Fulfil all activities in adherence to relevant control and compliance requirements, and quality standards 
• Risk analysis of commercial products: calculation and embedded value calculation. 
• Price implementation and maintenance: Implementation of agreed price structures on mainframe and various quote packages. This entails structuring a price guide that can be implemented by third parties and then managing the process of implementation. 
• Liaising with the Commercial Cluster: Attend regular pricing, production and profitability discussions. Ensure clear communication and a good working relationship exists to enable better advice; Interact with cluster management to build an understanding of their needs. This entails learning from the business and searching for potential areas of overlap with other areas / scope for advice; Assisting with risk management and underwriting criteria, specifically (but not limited to) in new product design or large take-over quotes; Perform all other duties as reasonably assigned. 

Education

• Bachelor's Degree: Actuarial Science

Location: Gitanga Road (Absa General Insurance Co)

Deadline: 22nd, February 2022