Actuary-First Assurance Job at Absa Bank Limited

• To 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.
• Administrative and operations support: Provide Actuarial administrative and operations support and advice against standard operating procedures
• Ad Hoc duties: Provide support to customers and team as required to ensure team performance on an ongoing basis
• Compliance and Risk Management: Fulfil all activities in adherence to relevant control and compliance requirements, and quality standards
• Risk analysis of commercial products: calculation and embedded value calculation.
• Price implementation and maintenance: Implementation of agreed price structures on mainframe and various quote packages. This entails structuring a price guide that can be implemented by third parties and then managing the process of implementation.
• Liaising with the Commercial Cluster: Attend regular pricing, production and profitability discussions. Ensure clear communication and a good working relationship exists to enable better advice; Interact with cluster management to build an understanding of their needs. This entails learning from the business and searching for potential areas of overlap with other areas/scope for advice.
• Assisting with risk management and underwriting criteria, specifically (but not limited to) in new product design or large take-over quotes; Perform all other duties as reasonably assigned.

Education:

• Bachelor’s Degree: Actuarial Science