Nedbank Ltd Actuarial Analyst Jobs in South Africa

Nedbank Ltd Actuarial Analyst Jobs in South Africa

Job Purpose

  • To provide actuarial solutions to internal and external clients within the insurance industry; in line with Nedbank client value proposition. The role is based within Nedbank Insurance and offers exposure to both long and short term insurance.

    Job Responsibilities

  • Investigating IFRS 17 reporting requirements for Nedbank Insurance's products.

  • Drafting IFRS 17 for Nedbank Insurance.

  • Developing and understanding the current valuation and reporting processes.

  • Testing and implementing solutions to meet IFRS17 requirements.

  • Interacting with the Nedbank Insurance Finance and Corporate Actuarial teams involved in the Nedbank Insurance IFRS 17 implementation.

  • The candidate will work with various stakeholders from Finance and Corporate Actuarial to transition the business from IFRS 4 reporting to IFRS 17 reporting.

  • 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)

  • 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.

    People Specification

    Essential Qualifications - NQF Level

  • Advanced Diplomas/National 1st Degrees

    Preferred Qualification

  • BSc (Actuarial Science)

  • BSc (Hons) Actuarial Science

  • MSc (Actuarial Science)

    Type of Exposure

  • Comparing two or more sets of information Working with a group to identify alternative solutions to a problem

  • Managing conflict

  • Sharing information in different ways to increase clients understanding

  • Communicating internally and external

  • Capturing data

  • Checking accuracy of reports and records.

  • Drafting reports

  • Managing customer expectations

  • Interacting with diverse people

  • Working in a fast-paced environment

  • Working in a team

  • Working with spreadsheets

    Minimum Experience Level

  • 1 -3 years in the Actuarial field.

  • Valuations experience (short-term insurance and/or long-term insurance) will be an advantage.

  • IFRS 17 knowledge will be an advantage.

  • SAM, SVM, IFRS or EV reporting

  • Prophet, DCS, ResQ or R experience will be an advantage.

  • We are looking for an actuarial student who can engage with key IFRS 17 issues under agreed deadlines.

    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.

    How to Apply

  • For more information and job application details, see; Nedbank Ltd Actuarial Analyst Jobs in South Africa

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