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  • Posted: Aug 11, 2020
    Deadline: Not specified
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    Absa Bank Limited (Absa) is a wholly owned subsidiary of Barclays Africa Group Limited. Absa offers personal and business banking, credit cards, corporate and investment banking, wealth and investment management as well as bancassurance. Barclays Africa Group Limited is 62.3% owned by Barclays Bank PLC and is listed on the JSE Limited. The Group is one of A...
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    Senior Actuarial Analyst: Capital & Reserving

    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

    Method of Application

    Interested and qualified? Go to Absa on www.linkedin.com to apply

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