Junior Actuarial Analyst at Absa Bank Limited

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Job Summary

Leverage your developing actuarial and analytical skills to support actuarial processes, including regulatory reporting, risk monitoring, and model development. This role provides exposure to core actuarial functions such as the SAM return and ORSA, while building foundational technical and business understanding.

Job Description

Job Description

Support analytics to ensure accurate financial reporting and assist management decision-making:

Preparation and validation of data inputs into actuarial calculations;

Assist with components of the Group’s SAM return and ORSA processes;

Support production of management information (e.g., risk appetite monitoring);

Assist with budget-related analysis where required;

Support development and maintenance of actuarial models.

Assist in coordinating processes and supporting governance structures:

Engage with internal stakeholders to understand requirements;

Support drafting of documents, templates, and presentations for committees;

Assist with governance and control activities.

Other responsibilities:

Perform ad-hoc analyses and provide support to senior team members;

Assist in maintaining consistency in methodologies and regulatory approaches;

Build knowledge of actuarial and regulatory frameworks (e.g., SAM);

Participate in projects and initiatives to enhance actuarial processes;

Support internal and external review processes (e.g., HAF & Audit).

Education

Bachelor's Degree: Actuarial Science (Required)

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