Actuarial Analyst

Job Description

Nedbank Recruiting - Refilwe FalatsiJob ClassificationDivisionNedbank InsuranceFunctional Team - Client SolutionsJob FamilyRisk, Audit and ComplianceCareer StreamActuarialLeadership PipelineManage Self: TechnicalJob PurposeTo provide actuarial solutions to internal and external clients within the insurance industry; in line with Nedbanks Client Value Proposition.Job ResponsibilitiesContributed to Financial and Business Results: Report monthly on actuarial-based requirements for the business via business presentations. Enhance and report on existing products through standardised industry procedures. Create new products to provide better client solutions. Review pricing structure in line with the market trends.Enhanced Client and Relationship Results: Compile quarterly business scorecard in terms of client service requirements to meet their needs. Collaborate with different business units in order to find solutions to clients' needs and assist other stakeholders within the business where necessary.Monitored Business Risk and Compliance: Assess the end result of business projects by reference to key perfomance indicators mapped out in the business case. Analyse business volumes and measure these against the target set out on an annual basis. Monitor regularly the profile of business taken on to ensure products are sold to the correct target market.Managed Self: Keep abreast of legislation and other industry changes that impacts on role by reading the relevant newsletters, websites and attending sessions. Understand and embrace the Nedbank vision and demonstrate the values through interaction with team and stakeholders. Improve personal capability and stay abreast of developments in field of expertise by identifying training courses and career progression for self through input and feedback from managers. Ensure personal growth and enable effectiveness in performance of roles and responsibilities by ensuring all learning activities are completed, experience practiced and certifications obtained and/or maintained within specified time frames. Ensure information is provided correctly to stakeholders by maintaining knowledge sharing knowledge with team.

Responsibilities + Skills

Comparing two or more sets of informationCommunicating internally and externalCapturing dataChecking accuracy of documentation and recordsBuilding and maintaining effectiv3e relationships with internal and external clients


Matric plus BSc / Business Science / Bcomm Degree (with Actuarial Science as a major)Essential CertificationsPreferred Certifications


Minimum Experience Level4 - 6 years in the Actuarial field.

Job Summary

  • Published on: Monday, 24th February 2020
  • Designation: Senior Actuarial Analyst
  • industry: Finance
  • Vacancy: 1
  • Employment Status: Full-time
  • Job Location: Durban
  • Salary: on a call
  • Gender:
  • Application Deadline: Monday, 24th February 2020

About the Company

  • Company Name: Nedbank Recruiting.
  • Address:
  • Website:
  • Company Profile:
  • Staying abreast of the various IFRS 9 modelling methodologies across retail and wholesale productsContributing to development aspects of the loss forecasting and stress testing framework and keeping the framework up to date as the methodology evolvesConducting ad hoc analysis on IFRS 9 PD, EAD, LGD and Survival models, as well as overall impairment calculations, for retail as well wholesale-type portfoliosConducting independent credit risk stress testing related research and using it as input into proposals and strategiesEngaging with various stakeholders across the organisation (including risk and finance) to discuss methodological aspects, business assumptions and results from the loss forecasting work stream

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