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 SummaryOverall job purpose 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 SummaryOverall job purposeTo plan, manage and monitor the implementation of actuarial activities and processes in order to deliver on approved operational plans in an effective and efficient manner. This role supports sound management of business performance and financial risk.Job DescriptionKey accountabilitiesPerform advanced actuarial production processes under limited 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:- Preparation and analysis of data as inputs to actuarial calculations such as reserving- Production of management information- Production of experience analyses as an input for basis setting / pricing exercises; setting of valuation and pricing bases- Production of actuarial exercises such as reserving, capital, and pricing- Production of analysis of earning, risk reporting and analytics, and inputs to forecasting and planning processes2. Product development and management to enable business performance and drive customer value, including:- Production of competitor research and understanding of the landscape and technical product analysis as inputs to product design- Creating advanced product design, formulation of product specifications and implementing major product enhancements3. 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 models4. Coordination of a committee / forum to enable business and risk management execution and oversight for a sound control environment and: - Understand and deliver requirements of internal stakeholders, within the same business unit - Understand and deliver requirements of internal stakeholders, not within the same business unit i.e. Risk, Group5. People management responsibilities to support talent development and business resilienceMay have 1 to 2 junior direct reports 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 About UsTruly AfricanWe are a diversified standalone African financial services group, delivering an integrated set of products and services across personal and business banking, corporate and investment banking, wealth, investment management and insurance.Absa Group Limited is listed on the JSE and is one of Africa’s largest diversified financial services groups with a presence in 12 countries across the continent and around 41 000 employees.We own majority stakes in banks in Botswana, Ghana, Kenya, Mauritius, Mozambique, the Seychelles, South Africa, Tanzania (ABSA Bank in Tanzania and National Bank of Commerce), Uganda and Zambia. We also have representative offices in Namibia and Nigeria, as well as insurance operations in Botswana, Kenya, Mozambique, South Africa, Tanzania and Zambia.#J-18808-Ljbffr