Actuarial Specialist - Auckland Park, South Africa - Absa Bank Limited

Absa Bank Limited

Verified Company

Auckland Park, South Africa

1 week ago

Posted by:

Thabo Mthembu

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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.

Job Summary

Overall job purpose

To plan, manage and monitor the implementation of actuarial activities and processes in order to deliver on approved operational plans in an effective and efficient manner.

This role supports sound management of business performance and financial risk.

Job Description:

Key accountabilities

Management of complex actuarial production processes to deliver sound management of business performance and financial risk.

Processes may include:
Analytics and financial reporting to ensure accurate financial reporting and support management decision making:

Preparation and analysis of data as inputs to actuarial calculations such as capital projections
Production of management information
Production of actuarial exercises such as Group SAM reporting, this entails coordinating inputs from the various BAU's.
Production of Group ORSA processes, this entails coordinating inputs from the various BAU's.
Running models to ensure accurate financial reporting and support management decision making at an advanced level
For inputs to processes such as reserving, capital, pricing or business case modelling
Development of and maintenance of advanced spreadsheet models which may include planning and capital and risk modelling
Development of and maintenance of actuarial open platform software complex models
Review and sign off results
Perform independent review and provide actuarial opinions to ensure accuracy of outputs for sound business decision making and ensuring a robust control environment
Coordination of a committee / forum to enable business and risk management execution and oversight for a sound control environment
Understand and deliver requirements of internal stakeholders, within the same business unit
Understand and deliver requirements of internal stakeholders, not within the same business unit i.e. Risk, Group
Draft papers for committees on results and present to those committees.

1st line quality / assurance review and checking (to ensure accuracy of outputs for sound business decision making and ensuring a robust control environment).

Education

Bachelor's Degree:
Actuarial Science