Actuary at Nedbank

Job Purpose
To provide actuarial support and business solutions to internal and external stakeholders of Nedbank Insurance, in line with Nedbank's Client Value Proposition

Job Responsibilities

• Manage and guide the actuarial team responsible for the valuations on three life licences.
• IFRS4 and IFRS9 valuations liabilities and analysis of  surplus arising.
• Embedded Value Calculations and preparation of published Embedded Value Statements.
• Preparation of actuarial components of SAM returns.
• Economic Capital calculations.
• Review financial performance relative to market trends.
• Assess the end result of business projects by reference to key performance indicators mapped out in the business case.
• Monitoring of experience across products, comparng relative to market.
• Ensure continued stakeholder education and engagement on key findings via reports and presentations.
• Ensure information is provided correctly to stakeholders by maintaining knowledge sharing with team.
• Regularly monitor the profile of business taken on and understand the business impact thereof.
• Understand and embrace the Nedank vision and demonstrate the values through interaction with team and stakeholders.
• Ensure personal growth and enable effectiveness in performance of roles and responsibilities. 
• Participate and support corporate responsibility initiatives for the achievement of business strategy.
• Seek opportunities to improve business processes, models and systems though agile thinking.
• Contribute to a culture conducive to the achievement of transformation goals.
• People Specification

Essential Qualification

• FASSA

Type of Exposure

• Accuracy of reports and records
• Drafting / Creating reports
• Built and Managed Client and Stakeholder Relationships
• Managing conflict situations
• Communication internal and external stakeholders
• Managing stakeholder expectations
• Interacting with diverse people
• Working in a fast-paced and changing environment
• Working within a team
• Data Analytics

Minimum Experience Level

Essential:

• FASSA with at least 2 years PQE or FASSA with 1 year PQE and four years working in a Life Valuation team.

Desirable:

• Experience in a valuation team.
• Experience with Prophet
• Experience in R
• Experience managing staff
• Experience working with Scrum/ Agile / Scaled Agile

Technical / Professional Knowledge

• Business writing skills
• Business principles
• Business terms and definitions
• Governance, Risk and Controls
• Data analysis
• Banking knowledge
• Insurance

Behavioural Competencies

• Technical/Professional Knowledge and Skills
• Quality Orientation
• Technology Savvy
• Communication
• Continuous Improvement
• Monitoring Information

Closing Date: 11th, March 2022