Junior Actuarial Analyst

Job Classification

• REQ: 136525 - Refilwe Falatsi
• Closing Date: 29 October 2024
• Division: Nedbank Insurance | CSA
• Employment Equity Statement: Preference will be given to candidates from underrepresented groups. 

Job Family

Risk, Audit and Compliance

Career Stream

Acturial

Leadership Pipeline

FAIS Affected

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. 

People Specification

Essential Qualifications - NQF Level

Preferred Qualification

Bachelor of Commerce in Actuarial Science, Bachelor of Science in Actuarial Science

Essential Certifications

Preferred Certifications

Minimum Experience Level

• 0 - 1 year experience
• Minimum of 4 exams (ASSA preferred)

Technical / Professional Knowledge

Behavioural Competencies