Junior Actuarial Analyst

absa; Johannesburg; On-site; ZAR 350,000 - 500,000; Full time

Job summary

Absa Bank Limited in Johannesburg invites applications for an actuarial specialist role focused on supporting sound financial risk management and business performance through probabilistic and statistical methods.

Responsibilities include data preparation for reserving, analytics, and contributing to product design and pricing. The role works under supervision to develop insights that inform strategic decisions.

Qualifications

• Bachelor's degree in actuarial science or related field.
• Specialist actuarial support experience is desirable.
• Strong analytical and statistical skills.

Responsibilities

• Perform basic actuarial production processes under direct supervision.
• Prepare data inputs for actuarial calculations and reserving analyses.
• Create management information and experience analyses for pricing or risk assessments.
• Support product development through competitor analysis and specification formulation.
• Run basic models to assist in reserving and business case decisions.

Skills

Actuarial analytics

Data analysis

Statistical methods

Education

Bachelor's Degree: Actuarial Science

Job description

Empowering Africa's tomorrow, together...one story at a time.

With over 100 years of rich history and strongly positioned as a local bank with regional and international expertise, a career with our family offers the opportunity to be part of this exciting growth journey, to reset our future and shape our destiny as a proudly African group.

Job Summary

Overall job purpose

To provide specialist actuarial support that enables sound commercial advice through the application of probability & investment theory and related statistical tools and the execution of predefined objectives as per agreed standard operating procedures to support sound management of business performance and financial risk.

Job Description

Key accountabilities

Perform basic actuarial production processes under direct supervision, to support sound management of business performance and financial risk.

Processes may include:

Analytics and financial reporting

• Preparation and analysis of data as inputs to actuarial calculations such as reserving
• Production of management information
• Production of experience analyses as an input for basis setting / pricing exercises

Product development and management

• Production of competitor and technical product analysis as an input to product design
• Formulation of product specifications

Running models

to ensure accurate financial reporting and support management decision making at a basic level, for inputs to processes such as reserving or business case modelling

Education

Bachelor's Degree: Actuarial Science

Absa Bank Limited is an equal opportunity, affirmative action employer. In compliance with the Employment Equity Act 55 of 1998, preference will be given to suitable candidates from designated groups whose appointments will contribute towards achievement of equitable demographic representation of our workforce profile and add to the diversity of the Bank.

Absa Bank Limited reserves the right not to make an appointment to the post as advertised