Nedbank Ltd Head: Corporate Actuarial Jobs in South Africa

Nedbank Ltd Head: Corporate Actuarial Jobs in South Africa


Job Purpose

  • To prepare; perform; and analyse actuarial research and audits by collecting data from various databases and performing actuarial /financial calculations and design profitable products that meet actuarial requirements to ensure profitable growth for Nedbank; and ensure Nedbank is sufficiently capitalised.

    Job Responsibilities

  • Complete Insurance statutory financial returns as per legislative standard.

  • Prepare Manco and Board meeting reports.

  • Support and submit documents to the Actuarial and Underwriting Review Committee.

  • Provide financial information as required by Nedbank.

  • Provide Actuarial information for interim (June) and year-end (December) financial statements.

  • Perform experience investigations.

  • Ensure the business holds sufficient reserves and capital in line with the financial requirements.

  • Conduct modelling to ensure products are profitable and appropriate reserve and capital are held.

  • Perform Economic Capital and MCEV calculations in line with statutory and group requirements.

  • Complete and submit for Conduct of Business Returns (CBR).

  • Ensure appropriate modelling for business planning and assisting in business analysis and quants analysis activities.

  • Ensure products are regularly monitored and experience investigations are done.

  • Ensure compliance with various actuarial legislative requirements in line with accounting standards.

  • Mitigate risk of loss-making products.

  • Mitigate risk of insolvency.

  • Build relationship with the statutory actuary bodies.

  • Manage the relationship with our re-insurers.

  • Ensure transformational target are met.

  • Contribute to a culture of transformation by participating in Nedbank culture building initiatives, business strategy, and CSI.

  • Stay abreast of developments in field of expertise, ensuring personal and professional growth.

  • Understand and embrace the Nedbank vision and values, leading by example.

  • Lead organisational change initiatives.

  • Ensure issues raised in culture survey are addressed.

  • Deliver a world class service by ensuring a client centric culture.

  • Identify areas of resource inefficiencies and promote optimisation through multi-skilling and addressing capacity
    gaps.

  • Manage performance of direct reports and hold them accountable for managing the performance of their reports.

  • Identify relevant development needs.

  • Maintain a high performing team by identifying a talent pool through career conversations and using the talent grid principles and developing talent retention programmes.

  • Build depth of skills and knowledge in the team of managers by sharing knowledge and insight.

  • Ensure continuous improvement goals are achieved by creating an environment whereby self, managers and team are encouraged to challenge the status quo by initiating constructive debates about work practices.

    People Specification

    Essential Qualifications - NQF Level

  • Professional Qualifications/Honour’s Degree

  • Advanced Diplomas/National 1st Degrees

    Preferred Qualification

  • Bachelor of Science: Honours - Actuarial Science , Advanced Diplomas/National 1st Degrees

    Minimum Experience Level

  • At least 10 years actuarial experience in the life industry.

  • FASSA

    Technical / Professional Knowledge

  • Budgeting

  • Capacity planning.

  • Change management.

  • Diversity management.

  • Financial Accounting Principles.

  • Organisational behaviour theory.

  • Principles of project management.

  • Relevant regulatory knowledge.

  • Strategic planning.

  • Management information and reporting principles, tools and mechanisms.

  • Quality management and lean methodologies.

  • Governance, risk and controls.

    Behavioural Competencies

  • Influencing

  • Innovation.

  • Business Acumen.

  • Driving for Results.

  • Planning and Organizing.

  • Selecting Talent.

    How to Apply

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


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