Actuarial Analyst

Absa Bank Limited | Johannesburg, Gauteng | ZA

Welcome to the Latest Job Vacancies Site 2025 and at this time we would like to inform you of the Latest Job Vacancies from the Absa Bank Limited with the position of Actuarial Analyst - Absa Bank Limited which was opened this.

If this job matches your qualifications, please send your application directly through our latest Job site. Indeed, every job is not easy to apply because it must meet several qualifications and requirements that we must meet in accordance with the standard criteria of the Company who are looking for potential candidates to work. Good job information Actuarial Analyst - Absa Bank Limited below matches your qualifications.

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Empowering Africas tomorrow, together…one story at a time. With over 100 years of rich history and strongly positioned as a local bank with regional and international expertise, a career with our family offers the opportunity to be part of this exciting growth journey, to reset our future and shape our destiny as a proudly African group. Job Summary This is a non-life insurance specific role within the Corporate Actuarial team. The candidate will support the Actuarial Manager with reserve calculations, IFRS 17 implementation, capital management and regulatory reporting. Job Description Reserving
  • Build processes and data extracts to feed into reserving calculations, including IFRS 17 calculations
  • Have a good understanding of the policy administration system and corresponding data flow into financials
  • Monitoring reserve development experience and collaborating with key stakeholders to ensure understanding of trends and impacts on the business
Regulatory Reporting
  • Operate the SAM regulatory capital model
  • Maintain and further develop the Python code underlying the model
  • Have a good understanding of policy administration system and data flow into financials
  • Continuous improvement and automation of the various models
Own Risk and Solvency Management (ORSA)
  • Operate the ORSA projection model
  • Assist in setting and monitoring quantitative risk appetite metrics
  • Perform stress and scenario testing as part of the Companys ORSA processes
Education and experience required
  • A Degree in Actuarial Science with minimum 6 exemptions (Honours degree would be advantageous)
Knowledge and skills
  • Strong analytical skills with the ability to take on complex problems
  • Comfortable adapting and responding to change
  • Excellent time management skills with the ability to prioritise deliverables and manage stakeholder expectations
Education Bachelors Degree: Actuarial Science Absa Bank Limited is an equal opportunity, affirmative action employer. In compliance with the Employment Equity Act 55 of 1998, preference will be given to suitable candidates from designated groups whose appointments will contribute towards achievement of equitable demographic representation of our workforce profile and add to the diversity of the Bank. Absa Bank Limited reserves the right not to make an appointment to the post as advertised

Information :

  • Company : Absa Bank Limited
  • Position : Actuarial Analyst
  • Location : Johannesburg, Gauteng
  • Country : ZA

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Post Date : 2025-01-25 | Expired Date : 2025-02-24

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