About this role
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 purposeTo 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:
1. Analytics and financial reporting (to ensure accurate financial reporting and support management decision making):
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
2. 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
3. 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 ScienceAbsa 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
Other facts
About Absa Group
Absa Group Limited (Absa) has forged a new way of getting things done, driven by bravery and passion, with the readiness to realise growth on the African continent and beyond.
We’re a truly African brand, inspired by the people we serve in Botswana, Ghana, Kenya, Mauritius, Mozambique, Seychelles, South Africa, Tanzania, Uganda, and Zambia. We also have representative offices in China, Namibia, Nigeria and the United States, as well as securities entities in the United Kingdom and the United States, along with technology support colleagues in the Czech Republic.
What you'll do
- The role involves providing specialist actuarial support to enable sound commercial advice and managing business performance and financial risk. Key tasks include advanced actuarial production processes, running models for financial reporting, and ensuring accuracy through quality assurance reviews.
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