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Actuary Analyst



Johannesburg, ZA

Date:  22-Jun-2022


REQ: 112923 - Refilwe Falatsi

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

Job Family

Risk, Audit and Compliance

Job Purpose

To provide actuarial solutions to internal and external clients within the insurance industry; in line with Nedbanks Client Value Proposition.

Job Responsibilities

•conduct and compile Industry research and product development to provide the most appropriate range of products to clients.
•Identify and interpret relevent information using logic to seek cause and effect relationships.
•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.
•Develop sound product and industry knowledge.
•Assess the impact of regulation on the business and implementing required changes.
•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; process; services and solutions are aligned.
•Identify training courses and career progression for self through input and feedback from management.
•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 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.

Essential Qualifications - NQF Level

  • Advanced Diplomas/National 1st Degrees

Minimum Experience Level

2 - 5 years in the Actuarial field within the Insurance environment. (non-negotiable)

Preferred Qualification

Bachelor of Science , Advanced Diplomas/National 1st Degrees

Type of Exposure

  • Comparing two or more sets of information Working with a group to identify alternative solutions to a problem
  • Completing various administrative and secretarial duties (e.g.; answering phones; making copies; filing)
  • Managing conflict situations
  • Sharing information in different ways to increase clients understanding
  • Communicating internally and external
  • Capturing data
  • Checking accuracy of reports and records.
  • Drafting reports
  • Building and maintaining effectiv3e relationships with internal and external clients
  • Managing customer expectations
  • Interacting with diverse people
  • Working in a fast-paced environment
  • Working in a team
  • Working with spreadsheets

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


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


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