Junior Actuarial Analyst

at  Nedbank

JOB CLASSIFICATION

• REQ: 136526 - Refilwe Falatsi
• Division: Nedbank Insurance | Actuarial
• Closing: 25 October 2024
• Employment Equity Statement: Preference will be given to candidates from underrepresented groups.
  Job Family
  Risk, Audit and Compliance
  Career Stream
  Actuarial
  Leadership Pipeline

TECHNICAL / PROFESSIONAL KNOWLEDGE

• Microsoft Office
• Business writing skills
• Business terms and definitions
• Data analysis
• Insurance Policy Technical Knowledge

Behavioural Competencies

• Collaborating
• Continuous Improvement
• Customer Orientation
• Managing Work
• Monitoring Information
• Influencing
• Decision Making

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JOB PURPOSE

• To provide actuarial solutions to internal and external clients within the Life and/or Non-Life Corporate Actuarial team, in line with Nedbank’s Client Value Proposition.

JOB RESPONSIBILITIES

• Completion of monthly IFRS reserving results for the individual licences.
• Completion of quarterly and annual SAM returns for the individual licences.
• Investigations of results to identify trends and anomalies.
• Assisting with basis setting exercises of the individual licences.
• Input and completion of actuarial elements of the individual licences’ ORSA return.
• Input into the annual forecasting process of the licence.
• Assistance with the automation of existing processes in the Corporate Actuarial space to improve efficiency.
• Documentation of existing and new processes.
• Communication of results to actuarial managers for further action.
• Be an active and engaged 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).
• Express ideas or facts clearly in written documentation so that the content is understood by the recipient.
• 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.