Student Actuarial III

Absa Group; Sandton; On-site; ZAR 500 000 - 700 000; Full time

Job summary

A major African bank is looking for a specialist to provide actuarial support in Sandton, Gauteng. The role focuses on managing financial risk and performing advanced actuarial tasks, including reporting and analysis, while ensuring adherence to procedural standards. A Bachelor's Degree in Actuarial Science is essential. Candidates will have opportunities to contribute to significant financial decisions, leveraging their knowledge of statistical tools and actuarial processes within a collaborative environment.

Qualifications

• Bachelor's Degree in Actuarial Science is required.
• Experience in actuarial production processes preferred.
• Proficient in statistical tools and financial reporting.

Responsibilities

• Perform advanced actuarial production processes.
• Manage timelines for IFRS 17 results.
• Conduct actuarial month-end reporting.

Skills

Actuarial Science

Financial Reporting

Statistical Tools

Data Analysis

Collaboration

Education

Bachelor's Degree: Actuarial Science

Tools

Prophet

Advanced Spreadsheet Models

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 and 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 advanced actuarial production processes under general supervision to support sound management of business performance and financial risk.

Processes may include:

• Managing time lines across the various teams in order to produce the IFRS 17 results within timelines

• Performing the actuarial month end reporting process.

• Review results in prophet and ensure that judgement decisions are signed-off by the entity when required

• Support audit and formal reporting

• Reporting and analysis from prophet information and collaborating with sub-ledger team to produce reports that add value

• Assisting and improving the processes within Prophet Enterprise.

• Preparation and analysis of data as inputs to actuarial calculations such as reserving

• Production of management information

Running models (to ensure accurate financial reporting and support management decision making) at an advanced level:

• For inputs to processes such as reserving, capital, pricing or business case modelling

• Development of and maintenance of advanced spreadsheet models which may include planning and capital and risk modelling

• Development of and maintenance of actuarial open platform software complex models

1st line quality / assurance review and checking (to ensure accuracy of outputs for sound business decision making and ensuring a robust control environment).

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