Senior Actuarial Analyst - Johannesburg, South Africa - Absa Bank Limited
Description
Bring your possibility to life Define your career with us- 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.
Overall job purpose
Job Description:
Key accountabilities
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
- Communicate results to key stakeholders
- 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
- Communicate results to key stakeholders
- Continuous improvement and automation of the various models
- Operate the ORSA projection model
- Set and monitor quantitative risk appetite metrics
- Perform stress and scenario testing as part of the Company's ORSA processes
- Maintain the ORSA model and identify areas of improvement
- Communication of results to key stakeholders
Bachelor's Degree:
Actuarial Science
- Absa Bank Limited reserves the right not to make an appointment to the post as advertised_
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