Actuarial Analyst - Johannesburg, South Africa - Nedbank

Nedbank

Verified Company

Johannesburg, South Africa

1 week ago

Posted by:

Thabo Mthembu

beBee Recruiter

Description

Job Classification
-

REQ:

Refilwe Falatsi:
-

Closing Date: 8 September 2023:

Division: Nedbank Insurance | Corporate Actuarial:

-

Employment Equity Statement:
Preference will be given to individuals from underrepresented groups.

Job Family
Risk, Audit and Compliance

Career Stream

Actuarial

Leadership Pipeline

Manage Self: Technical

Job Purpose

To provide actuarial solutions to internal and external clients within the Non-Life Corporate Actuarial team; in line with Nedbank's Client Value Proposition

Responsibilities:

Completion of Monthly IFRS reserving results for the Non-Life Licence of the company.
Completion of SAM returns on a quarterly basis, as well as Annual SAM returns, for the Non-Life licences.
Investigations of results to identify trends and spaces for improvement in existing processes.
Assistance with the automation of existing processes in the Non-Life valuations space to improve efficiency.
Documentation of existing and new processes.
Input and completion of Actuarial elements of the companies ORSA returns.
Input into the annual budgeting process of the company for the Non-Life licences.
Assisting with basis setting exercises of the company.
Communication of results to actuarial managers for further action.
Be an active member of the Actuarial 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 responsibility initiatives for the achievement of business strategy (e.g. Green Strategy).
Seek opportunities to improve business processes and systems by identifying and recommending effective ways to operate and adding value to Nedbank.
Express ideas or facts clearly in written documentation so that the content is understood by the recipient.
Support the achievement of the business strategy; objectives and values by reviewing Nedbank and Business Unit Plan and ensuring delivered systems; process; services and solutions are aligned.
Ensure all personal development plan activities are completed within specified timeframe.
Share knowledge and industry trends with team and stakeholders during formal and informal interaction.
Obtain buyin for developing new and/or enhanced processes (e.g. operational processes) that will improve the functioning of stakeholders' businesses by highlighting benefits in support of the implementation of recommendations.
Develop and use collaborative relationships to facilitate the accomplishment of work goals.

People Specification

Essential Qualifications
NQF Level
Advanced Diplomas/National 1st Degrees

Preferred Qualification

Bachelor of Science or Commerce in Actuarial Science
Essential Certifications
Preferred Certifications
Minimum Experience Level 1 3 years in the Actuarial field focusin on Non-Life products.
Technical / Professional Knowledge
Administrative procedures and systems
Banking knowledge
Business principles
Business terms and definitions
Data analysis
Microsoft Office
Relevant software and systems knowledge
Business writing skills
Governance, risk and controls