Actuarial Manager job in Johannesburg
Vacancy has expired
Johannesburg Nedbank
| Job Ref: | 133355 |
| Employer: | Nedbank |
| Sector: | Banking & Finance |
| Qualifications: | Fully Qualified Actuary |
| Software: |
Prophet
R |
| Job Type: | Full Time |
| Salary and Benefits: | Competitive |
| Remote: | No |
Location | |
| Country: | South Africa |
| City: | Johannesburg |
| Post Code: | Not specified |
| Map: | |
Description | |
Job Classification
Job Family Risk, Audit & Compliance Career Stream Actuarial Leadership Pipeline Manage Self Technical FAIS Affected Job Purpose This role provides the successful individual the opportunity to head up the team responsible for actuarial reporting of Nedbank Insurance's Life licences. This includes the production, analysis, and presentation of IFRS valuations and SAM returns, along with other important KPI's to assist management in making correct strategic decisions. Accountability will be to internal and external stakeholders of Nedbank Insurance, in line with Nedbank's Client Value Proposition. The role provides exposure to the various facets of a Life Insurance business across the value chain. It will also involve engagement with the Chief Actuary, Chief Financial Officer and the Head of Actuarial Function, and Executive and Insurance Board subcommittees. The person fulfilling the role is expected to have technical knowledge of life insurance valuations while enjoying mentoring and growing staff and engaging and working with stakeholders. Job Responsibilities • Manage and guide the actuarial team responsible for the valuations on three life licences. • Valuations of liabilities on IFRS basis and analysis of surplus arising. • Preparation of actuarial components of SAM returns. • Embedded Value calculations for internal business use. • Economic Capital calculations. • Review and analyse financial performance relative to various metrics. • Monitor experience across products, comparing relative to market. • Ensure continued stakeholder education and engagement on key findings via reports and presentations. • Regularly monitor the profile of business taken on and understand the business impact thereof. • Continuous improvement of models, systems, and reporting • Assist in driving insight into the business and aiding in commercial decisions around book management. • Understand and embrace the Nedbank vision and demonstrate the values through interaction with team and stakeholders. • Drive and maintain knowledge sharing within the team. • Ensure personal growth and enable effectiveness in performance of roles and responsibilities. • Participate and support corporate responsibility initiatives for the achievement of business strategy. • Seek opportunities to improve business processes, models and systems though agile thinking. • Contribute to a culture conducive to the achievement of transformation goals. People Specification
Essential Qualification B.Degree in Actuarial Science (Hons) FASSA or AMASSA Minimum Experience Level
Desirable: • Experience with IFRS17 • Experience with Prophet and/or R • Experience managing staff • Experience with HAF interactions • Experience working with Scrum/ Agile / Scaled Agile Technical / Professional Knowledge
Behavioural Competencies
Please contact the Nedbank Recruiting Team - Refilwe Falatsi If you can't find the job you're looking for, activate job alerts to be one of the first to know when new positions open up. | |
ref: (133355) 14 days ago
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