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  • Posted: Nov 10, 2021
    Deadline: Not specified
  • Nedbank Group Limited is a bank holding company that operates as one of the four largest banking groups in South Africa. The company's shares have been listed on the JSE Limited since 1969. The group offers a wide range of wholesale and retail banking services through four main business clusters, namely Nedbank Corporate and Investment Banking, Nedbank Retai...
    Read more about this company


    Senior Actuarial Analyst

    Job Purpose

    • To provide actuarial solutions to internal and external clients within the insurance industry; in line with Nedbanks Client Value Proposition.

    Job Responsibilities

    • Oversee tasks; resources and internal and external stakeholders to ensure relevant; timeous implementation of initiatives.
    • Meet business objectives by recommending; managing and controlling the  budget.
    • Minimise cost to income ratio by providing input to operational budgets.
    • Ensure transformational targets are met for own team through consideration of targets during the staff recruitment; retention and training process and utilising suppliers listed on the preferred supplier list.
    • Contribute to a culture conducive to the achievement of transformation goals by participating in Nedbank Culture building initiatives (e.g. staff surveys etc.).
    • Address issues raised in culture surveys by participating in the development and implementation of action plans.
    • Create a client service culture through various required interventions.
    • Support and encourage staff to participate and support corporate responsibility initiative.
    • Achieve operational excellence by supporting the implementation of business optimisation improvement through team engagement.
    • Encourage team to generate innovative ideas and share knowledge.
    • Engage and collaborate with internal and external stakeholders.
    • Drive research to inform relevance.
    • Manage performance of staff by implementing performance agreements; ensuring a clear vision; agreeing on goals and objectives; providing regular feedback on performance; recognising and rewarding achievement and take appropriate corrective action where required.
    • Mentor and coach staff on identified performance gaps by discussing these performance gaps and agree on appropriate action to be taken.
    • Motivate staff to perform and contribute to the success of the business by creating environment of teamwork through engaging with staff (sharing information) and encouraging participation in decision making processes.
    • Stay abreast in field of expertise and deliver on the expectations from stakeholders by building capability of self and staff through identifying current and future training and development needs.
    • Contribute to team effectiveness byfollowing the recruitment process when recruiting talent.
    • Maintain a capable high performing team andensure an environment for optimal performance is created by identifying talent pool through conducting career conversations; utilising the talent grid principles and developing talent retention programmes (e.g. rotation).
    • Ensure self and staff understand and embrace the Nedbank Vision and Values by leading by example and re-enforcing values during meetings.
    • Manage the on boarding process of new employees by ensuring execution of preparations according to the on-boarding check-list.
    • Manage; write and communicate the briefs by applying the Nedbank Marketing Way.
    • Manage and evaluate the campaign milestones by adhering to the campaign management process.
    • Comply with corporate governance requirements to minimise risk to all stakeholders.
    • Management of agencies and vendors through regular engagements.
    • Manage resources to meet business objectives.

    People Specification

    • Essential Qualifications - NQF Level
    • Advanced Diplomas/National 1st Degrees

    Preferred Qualification

    • Bachelor of Commerce , Bachelor of Science

    Essential Certifications
    Preferred Certifications
    Type of Exposure

    • Comparing two or more sets of information" "Working with a group to identify alternative solutions to a problem
    • Completing various administrative duties (e.g. Naming conventions; files and folder maintenance; data management)
    • Managing conflict situations
    • Comparing two or more sets of information
    • Communicating internally and external
    • Capturing data
    • Checking accuracy of documentation and records
    • Building and maintaining effectiv3e relationships with internal and external clients
    • Managing customer expectations
    • Working in a team
    • Working in a fast-paced environment

    Minimum Experience Level

    • Between 3 - 5 years actuarial work experience
    • Minimum 2 years non-life (short term) pricing experience. 
    • Pass all CT exams making good progress with remaining exams.

    Technical / Professional Knowledge

    • Administrative procedures and systems
    • Banking knowledge
    • Business principles
    • Business terms and definitions
    • Data analysis
    • Governance, Risk and Controls
    • Microsoft Office
    • Nedbank culture and values
    • Nedbank vision and strategy
    • Relevant software and systems knowledge
    • Business writing skills

    Behavioural Competencies

    • Adaptability
    • Applied Learning
    • Communication
    • Collaborating
    • Innovation
    • Work Standards

    Method of Application

    Interested and qualified? Go to Nedbank on to apply

    Note: Never pay for any training, certificate, assessment, or testing to the recruiter.

  • Send your application

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