Senior Actuarial Analyst job in Johannesburg
Vacancy has expired
Johannesburg Nedbank
| Job Ref: | 133359 |
| Employer: | Nedbank |
| Sector: | Banking & Finance |
| Qualifications: | Part Qualified Actuary |
| Software: |
Emblem
R Radar SQL |
| 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 To take responsibility and manage the performance of new business written by Nedbank Insurance under its MyCover Personal Lines product. To assist with new product concepts that will be developed in collaboration with Distribution, Client Experience and Underwriting teams. Job Responsibilities • Develop and implement new business pricing models for all sections of our personal lines business using the Willis Towers Watson suite of software. • Monitor and review claims experience within the portfolio to ensure business profitability targets to met. • Monitor and review lapse experience within the portfolio to ensure better persistency. • Help produce monthly reporting packs for DIVCO and INEXCO based on automated dashboards that provide detail for a helicopter view of product KPIs. • Assist with producing quarterly reporting packs for the Actuarial Control Committee (ACC) and Client Centricity Committee (CCC). • Assist with compiling product reviews / deep dives on concerns that may be highlighted by the product dashboards and presented to the ACC. • Engage with Distribution, Client Experience, Underwriting and reinsurers in the new development and pricing of new products and product enhancements. • Engage with Distribution, Client Experience and Operations to streamline processes and ensure all areas are working effectively in maximising the client value while ensuring product profitability to make the portfolio commercially viable. • Engage with the system developers to ensure any system changes and additions identified are implemented. • Review and update product registers, pricing policies, underwriting manual, policy documentation, market material and other product collateral as required by regulation or business from time to time. • Assist with market research and data analytics as required. People Specification Essential Qualifications - NQF Level
Preferred Qualification Bachelor of Commerce or Bachelor of Science in Actuarial Science with good progress towards qualifying as an Actuary (at least 8 exams). Minimum Experience Level A minimum of 3 years' Actuarial experience in product development and pricing in the Non-Life Insurance personal lines industry. A pass in subject F103 and/or F203 will be preferred. Preferred Skills:
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: (133359) 11 days ago
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