Senior Actuarial Analyst: Capital & Reserving at Absa Group

Senior Actuarial Analyst: Capital & Reserving

Provide key input in capital calculations and setting of reserves across multiple non-life entities in the Absa Group. This include developing and maintaining all models in adherence with the internal Insurance Model Risk Standard (“IMRS”).

Accountability: Monthly IBNR reserving

• Extracting data and reconciling it
• Updating triangles and calculation of IBNRs
• Identifying process enhancements and methodology improvements

Accountability: Quarterly regulatory submissions

• Updating and maintaining of SCR model(s)
• Communication of results and changes in results
• Ensuring adherence to strict timelines
• Overall process enhancements

Accountability: IFRS17 Development

• Developing models for impact testing
• Participation in various forums
• Knowledge sharing with rest of team members

Education

• Actuarial degree
• Qualified or close to qualifing

Knowledge & Skills:

• Knowledge about Non-life insurance products and industry
• Experience using SQL, Python and/or VBA
• Prior experience in Non-life reserving
• Prior experience in calculating capital requirements and completing regulatory returns
• IFRS17 knowledge