Junior Actuarial Analyst

1086 Absa Life limited; Johannesburg; On-site; ZAR 350,000 - 650,000; Full time

Job summary

Absa Bank Limited seeks an actuarial specialist to provide support through application of probability and investment theory, enabling sound commercial advice and risk management. The role involves analytics, data preparation, and product analysis to support pricing and reserving decisions.

Education: Bachelor's Degree in Actuarial Science. Absa Bank Limited is an equal opportunity employer and emphasizes diversity in its workforce.

Qualifications

• Bachelor's degree in Actuarial Science.
• Ability to perform basic actuarial production processes under supervision.
• Experience with analytics and financial reporting to support decision making.

Responsibilities

• Perform basic actuarial production processes under direct supervision to support financial risk management.
• Analytics and financial reporting to ensure accurate financial reporting and support management decisions.
• Prepare and analyze data for actuarial calculations such as reserving; produce management information and experience analyses.
• Assist in product development and management to enable business performance and customer value, including competitive and technical product analysis and formulation of product specifications.

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

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 to ensure accurate financial reporting and support management decision making:
• 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 to enable business performance and drive customer value, including:
• 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

At Absa, our story is not a single narrative. It’s thousands of individual journeys unfolding across Africa and beyond. From colleagues serving customers in local communities to teams shaping financial solutions across borders, Absa is built on people who bring their lived experiences, ambitions and perspectives into the workplace every day. Whether you’re starting your career, a seasoned leader or somewhere in between, your contribution is seen, valued and connected to something bigger. Our presence across Africa – which spans personal and business banking, corporate and investment banking, wealth and investment management, and insurance – exists because of the people who show up in their roles with purpose. Across Botswana, Ghana, Kenya, Mauritius, Mozambique, Seychelles, South Africa, Tanzania, Uganda and Zambia, our colleagues are shaping what Absa becomes in each market. Beyond the continent, teams in global offices and a technology hub support and extend the stories that prove that African talent can lead, influence and innovate on the global stage. At Absa, your story matters because progress is driven by human experience, not hierarchy. When people are enabled to bring their whole selves to work, they don’t just build careers. They help shape the future of Africa’s financial services landscape.