Junior Actuarial Analyst Role at Absa Bank

The Junior Actuarial Analyst role at Absa provides an excellent entry point for aspiring actuaries to develop their skills within a leading financial institution. This position is crucial for supporting the sound management of business performance and financial risk through the execution of basic actuarial production processes under direct supervision. The successful candidate will contribute to critical areas such as financial reporting, product development, and model execution, gaining hands-on experience with complex data analysis and risk assessment. This role is ideal for a highly analytical individual eager to apply their academic knowledge in a practical, fast-paced corporate environment, contributing to Absa's strategic objectives and ensuring robust financial stability.

Key accountabilities

• Analytics and financial reporting:
• Prepare and analyse data inputs essential for actuarial calculations, including reserving.
• Produce comprehensive management information reports to support informed decision-making.
• Conduct experience analyses as a foundational input for basis setting and pricing exercises.
• Assist in the preparation of financial statements and regulatory submissions, ensuring accuracy and compliance.
• Develop and maintain actuarial models for various financial reporting purposes.
• Product development and management:
• Conduct competitor and technical product analysis to inform product design and innovation.
• Formulate detailed product specifications, ensuring alignment with market needs and regulatory requirements.
• Support the lifecycle management of existing products, including performance monitoring and review.
• Collaborate with product teams to assess the financial viability and risk profile of new offerings.
• Running models:
• Execute actuarial models to ensure accurate financial reporting and support management decision-making at a foundational level.
• Generate inputs for processes such as reserving and business case modelling.
• Validate model outputs and assist in the documentation of model assumptions and methodologies.
• Contribute to the continuous improvement of actuarial modelling processes and tools.

Why Join the Company

How to Apply

* Salary is estimated based on market research and may not be accurate.

• Bachelor's Degree: Actuarial Science