Actuarial Analyst

Job Classification

Job Requisition - 138223
Closing Date - 11 March 2025
Location - Johannesburg
Cluster - Nedbank Wealth - Division - Nedbank Insurance (Client Solutions)
Please Note: Preference will be given to applicants from Underrepresented Groups

Job Family: Risk, Audit and Compliance Career Stream: Actuarial Leadership Pipeline: Manage Self: Technical FAIS Affected

Job Purpose

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

Job Responsibilities

• Conduct experience investigations into the performance of non-life products and identify areas of improvement.
• Assist with the implementation of system enhancements and product changes.
• Assist with the development and implementation of new pricing models.
• Monitor the results of pricing models and update where necessary.
• Document existing and new processes.
• Communicate 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 the specified timeframe.
• Share knowledge and industry trends with team and stakeholders during formal and informal interactions.
• Conduct and compile industry research and product development to provide the most appropriate range of products to clients.
• Identify and interpret relevant information using logic to seek cause and effect relationships.
• Develop software proficiency to deliver required outputs.

Job Responsibilities Continued

• Develop sound product and industry knowledge.
• Interact with internal and external clients to assess needs and provide solutions.
• Provide feedback and presentations to stakeholders.
• Develop and use collaborative relationships to facilitate the accomplishment of work goals.
• Support the achievement of the business strategy, objectives, and values by reviewing Nedbank and Business Unit Plan and ensuring delivered systems, processes, services, and solutions are aligned.
• Identify training courses and career progression for self through input and feedback from management.
• Obtain buy-in 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.

People Specification

Essential Qualifications - NQF Level:

• Advanced Diplomas/National 1st Degrees.

Preferred Qualifications: Bachelor of Commerce in Actuarial Science, Bachelor of Science in Actuarial Science.

Essential Certifications: Minimum of 4 exams (ASSA preferred).

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.

Behavioural Competencies

• Adaptability.
• Applied Learning.
• Communication.
• Collaborating.
• Innovation.
• Work Standards.

Please contact the Nedbank Recruiting Team at +27 860 555 566