Junior Actuarial Analyst Opportunity at Nedbank

A Junior Actuarial Analyst at Nedbank plays a crucial role in supporting the Corporate Actuarial team, contributing to the financial stability and strategic decision-making of one of South Africa's leading financial institutions. This entry-level position offers a unique opportunity for aspiring actuaries to apply their theoretical knowledge in a practical, fast-paced banking environment, gaining invaluable experience in IFRS reserving, Solvency Assessment and Management (SAM) returns, and actuarial modelling. The role is designed for individuals eager to develop their analytical skills, understand complex financial products, and contribute to the bank's robust risk management framework.

Key Responsibilities

• Assist with the completion of monthly IFRS reserving results for insurance licences, ensuring accuracy and compliance with regulatory standards. This involves detailed data analysis and reconciliation.
• Support the preparation of quarterly and annual Solvency Assessment and Management (SAM) returns, contributing to the bank's regulatory reporting obligations.
• Investigate actuarial results to identify trends, anomalies, and emerging issues, providing insightful analysis to senior actuaries and management.
• Contribute to actuarial basis setting exercises, which are fundamental to the valuation of insurance liabilities and capital requirements.
• Assist with the actuarial components of the Own Risk and Solvency Assessment (ORSA) process, helping to evaluate the bank's overall risk profile and capital adequacy.
• Participate in the annual forecasting and planning process, providing actuarial input for business projections and strategic initiatives.
• Support the automation and enhancement of existing actuarial processes to improve operational efficiency and data integrity, utilising tools like Microsoft Excel and other actuarial modelling software.
• Document actuarial methodologies, processes, and controls, ensuring transparency, auditability, and knowledge transfer within the team.
• Prepare and communicate actuarial results and insights to actuarial management, translating complex technical information into clear, actionable summaries.
• Actively contribute as a collaborative member of the Corporate Actuarial team, fostering a supportive and high-performance work environment.
• Participate in initiatives that support Nedbank's culture, transformation, and employee engagement objectives, aligning with the bank's broader corporate values.
• Share knowledge, industry developments, and best practices with colleagues and stakeholders, promoting continuous learning and professional growth.
• Complete personal development and learning activities within agreed timelines, demonstrating a commitment to ongoing professional development in the actuarial field.

Why Join the Company

At Nedbank, we are committed to creating an environment where our people can grow, thrive, and achieve their full potential. Joining Nedbank means becoming part of a forward-thinking organisation that values innovation, collaboration, and ethical conduct. You will have the opportunity to work alongside experienced actuarial professionals, gaining exposure to key actuarial disciplines across various business units. Nedbank offers a robust framework for career development, including mentorship programmes, access to cutting-edge technology, and support for further professional qualifications. The bank's culture fosters a sense of purpose, encouraging employees to contribute to meaningful business outcomes within one of South Africa's leading financial services organisations. We believe in building a better future through talent, innovation, and purpose, providing a platform where your contributions are recognised and rewarded. Employees also benefit from a comprehensive benefits package, a vibrant work environment, and opportunities to engage in community initiatives.

How to Apply

Please apply using the Quick Apply button on this page.

* Salary is estimated based on market research and may not be accurate.

• Bachelor of Commerce in Actuarial Science, Bachelor of Science in Actuarial Science, B.Degree in Statistics or Mathematics
• Matric / National Senior Certificate / Grade 12
• 0 - 1 year actuarial experience
• Minimum 4 actuarial exams completed (ASSA preferred)