Actuary-First Assurance Job at Absa Bank Limited

Actuary-First Assurance Job at Absa Bank Limited… See details on how to apply for the opportunities available at Absa Bank Limited.

Descriptions;

 Absa Bank Limited (Absa) is a wholly-owned subsidiary of Barclays Africa Group Limited. Absa offers personal and business banking, credit cards, corporate and investment banking, wealth and investment management as well as bancassurance.

Responsibilities:

  • 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

How to Apply

Submit your CV and Application on Company Website: Click Here

Application Deadline: 28th February 2022.

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