Student: Actuarial III

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Job Summary

Job Description

Key accountabilities

Perform advanced actuarial production processes under general 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):

• Managing time lines across the various teams in order to produce the IFRS 17 results within timelines

• Performing the actuarial month end reporting process.

• Review results in prophet and ensure that judgement decisions are signed-off by the entity when required

• Support audit and formal reporting

• Reporting and analysis from prophet information and collaborating with sub-ledger team to produce reports that add value

• Assisting and improving the processes within Prophet Enterprise.

• Preparation and analysis of data as inputs to actuarial calculations such as reserving

• Production of management information

2. 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 complex models

3. 1st line quality / assurance review and checking (to ensure accuracy of outputs for sound business decision making and ensuring a robust control environment).

Absa 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