Senior Actuarial Analyst at Nedbank

Job Purpose

To provide oversight and manage performance of the existing Risk Portfolio that includes the full range of products from guaranteed acceptance (Funeral), simplified underwriting and fully underwritten product sets.  To assist with new product concepts that will be developed in collaboration with Distribution and Client Experience.

Job Responsibilities

• Report monthly on actuarial-based requirements for the business via business presentations.

• Enhance and report on existing products through standardised industry procedures.

• Create new products to provide better client solutions.

• Review pricing structure in line with the market trends

• Compile quarterly business scorecard in terms of client service requirements to meet their needs.

• Collaborate with different business units in order to find solutions to clients' needs and assist other stakeholders within the business where necessary.

• Assess the end result of business projects by reference to key perfomance indicators mapped out in the business case. 

• Analyse business volumes and measure these against the target set out on an annual basis. 

• Monitor regularly the profile of business taken on to ensure products are sold to the correct target market.

• Keep abreast of legislation and other industry changes that impacts on role by reading the relevant newsletters, websites and attending sessions.

• Understand and embrace the Nedbank vision and demonstrate the values through interaction with team and stakeholders.

• Improve personal capability and stay abreast of developments in field of expertise by identifying training courses and career progression for self through input and feedback from managers.

• Ensure personal growth and enable effectiveness in performance of roles and responsibilities by ensuring all learning activities are completed, experience practiced and certifications obtained and/or maintained within specified time frames.

• Ensure information is provided correctly to stakeholders by maintaining knowledge  sharing knowledge with team.

• Contribute to a culture conducive to the achievement of transformation goals by participating in Nedbank Culture building initiatives (e.g. staff surveys etc).

• Participate and support corporate social responsibility initiatives for the achievement of key business strategies.

• Identify and recommend opportunities to enhance processes, systems and policies and support implementation of new processes, policies and systems.

People Specification

Essential Qualification

• Matric plus BCom or BSc (Actuarial Science)

Minimum Experience Level

• 4 - 6 years in the Actuarial field.

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

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