This job offer is not available in your country.

Junior Specialist : Actuarial

Absa Group LimitedZA

30+ days ago

Job description

Job title : Junior Specialist : Actuarial

Job Location : Gauteng,

Deadline : December 31, 2025

Quick Recommended Links

Jobs by Location
Job by industries

Job Summary

Support the actuarial and insurance risk management functions through technical analysis, process automation, and data validation, ensuring consistency and alignment between internal models, financial systems, and regulatory reporting. Work cross-functionally with pricing, reinsurance, and governance teams to deliver high quality risk management outputs on time.

Job Description

Insurance Risk Reporting

Draft EC sections of the monthly insurance risk profile to support insurance risk management and decision-making.

Assist with RWA and EC projection calculations for MTP and ACS processes.

Automate Data Validation Using Software Tools

Use software tools to match Quantitative Reporting Template (QRT) values with management account data and Group Returns across all insurance entities.

Reinsurance Adequacy Analytics and Reporting

Conduct in-depth analysis of reinsurance data to assess the adequacy and effectiveness of reinsurance arrangements, particularly for entities without a solo Head of Actuarial Function (HAF).

Calculate reinsurance concentration and credit quality metrics to evaluate counterparty exposure.

Coordinate and analyse stakeholder input by distributing questionnaires, collecting and collating responses, and providing summarized insights to support actuarial and finance functions.

Identify and investigate material variances between reinsurance data sets (e.g., system outputs vs. expected values or prior year comparisons).

Trace discrepancies to their source (e.g., data input errors, structural changes, or timing mismatches) and collaborate with data owners and technical teams to resolve or explain variances.

Summarise analytical outcomes and variance investigations in clear reports for actuarial, risk, and finance teams. Reports should highlight :

Areas of over- or under-concentration with specific reinsurers

Data quality issues or anomalies

Insights on alignment between reinsurance structures and business risk appetite

Recommendations for improving data accuracy, consistency, or reinsurance strategy

Financial Soundness Reviews

Support the AFS Group HAF in conducting bi-annual reviews of regulatory returns, including :

Replication of ARO SCR calculations for material SAM components, ensuring alignment with actuarial methodologies and assumptions

Review of the G5 schedule, including analysis of Absa Life linked and non-linked assets, look-through applied, and G5 classifications

Capital Allocation

Request, collate, format, and validate data inputs into the AFS capital allocation mode

Education

Bachelor of Science (Honours) in Actuarial Science (essential)

Fellowship with a recognized actuarial body (ASSA,) will be an added advantage

Education

Bachelor Honours Degree : Actuarial Science (Required)

End Date : August 22, 2025

Research / Data Analysis jobs

Create a job alert for this search

Actuarial Specialist • ZA

Related jobs

Promoted

Actuarial Analyst

Discovery LimitedZA

A wide-ranging role supporting the Head of Actuarial and Vitality Network (VN) executives with commercial and new business opportunity sizing, and successful implementation and management of Vitali...Show moreLast updated: 30+ days ago

Promoted

Junior Accounting Consultant - Gauteng

SNG GrantThorntonZA

Job title : Junior Accounting Consultant - Gauteng.To provide assistance to Job Managers and liaise with SAIPA trainees and clients to execute accounting tasks. The role requires both technical know...Show moreLast updated: 21 days ago

Promoted

Junior Accountant

Level Up Recruitment Inc.South Africa

The Accountant will play a key role in supporting the finance team by performing essential financial and accounting tasks. Responsibilities include bookkeeping, account management, financial data re...Show moreLast updated: 27 days ago

Promoted

Group Financial Reporting Specialist - George, Western Cape

Badger Holdings LtdZA

Job title : Group Financial Reporting Specialist - George, Western Cape.Responsibilities will include, but are not limited to : . Managing and delivering the statutory financial reporting for all Grou...Show moreLast updated: 26 days ago

Promoted

Actuarial Analyst

1 Life InsuranceZA

Support the planning and delivery of systems changes.Engage with users to identify requirements and work with the team to design solutions. Effective impact and sensitivity analysis to be performed ...Show moreLast updated: 25 days ago

Promoted

Junior Acquisition and Onboarding Specialist Wealth

PSG Konsult LtdZA

Job title : Junior Acquisition and Onboarding Specialist Wealth.Support the identification and research of potential financial advisers for acquisition. Assist in preparing and coordinating document...Show moreLast updated: 4 days ago

Promoted

Actuarial Life Insurance Manager (3-Year Contract)

Robert WaltersZA

Job title : Actuarial Life Insurance Manager (3-Year Contract).As a Life Insurance Manager, you will play a pivotal role in delivering actuarial consulting services while contributing to business d...Show moreLast updated: 3 days ago

Promoted

Finance Learner

Communicare NPCZA

QUALIFICATIONS AND ABILITIES / SKILLS : .Degree / Diploma in Finance .Valid driver's license and own vehicle (highly advantageous). Good communication and interpersonal skills required.Organised, w...Show moreLast updated: 6 days ago

Promoted

Junior Business Analyst

Omnia LTDZA

Job title : Junior Business Analyst.National Diploma or bachelor’s degree (NQF Level 7) in Computer Science, Industrial Engineering. Six Sigma Green Belt (Advantage).Enterprise Supply Chain Technolo...Show moreLast updated: 5 days ago

Promoted

Finance Business Partner

Absa Group LimitedZA

Job title : Finance Business Partner.To support and educate line managers in the execution of finance related activities and monitor line adherence to Finance best practice and principles.Accountab...Show moreLast updated: 30+ days ago

Promoted
New!

Actuarial Analyst

Communicate RecruitmentSouth Africa

Part-qualified students eager to grow.Experienced professionals ready to lead.Specialists who thrive on technical and strategic challenges. Strong analytical and problem-solving skills.Progress with...Show moreLast updated: 1 hour ago

Promoted

Actuary - Market Analytics and R&D

Discovery LimitedZA

Job title : Actuary - Market Analytics and R&D.A high functioning, dynamic personality with a broad set of skills pertaining to product development, data analytics and marketing.The role will requi...Show moreLast updated: 12 days ago

Promoted

Junior Financial Accountant

PricewaterhouseCoopersSouth Africa

At PwC, our people in business application consulting specialise in consulting services for a variety of business applications, helping clients optimise operational efficiency.These individuals ana...Show moreLast updated: 2 days ago

Promoted

Head of Actuarial Services

Network InternationalSouth Africa

Are you a strategic actuarial leader with a passion for financial innovation and risk management? The organization, one of Africas most dynamic and inclusive financial institutions, is seeking a He...Show moreLast updated: 30+ days ago

Promoted

Market Activation Specialist - NW

Momentum Metropolitan Holdings LimitedZA

Job title : Market Activation Specialist - NW.Role Purpose .Support the business through the implementation of relevant marketing activities in alignment with strategic business o...Show moreLast updated: 30+ days ago

Promoted

Senior Portfolio Manager

Hollard InsuranceZA

Job title : Senior Portfolio Manager.To develop new and maintain existing relationships with Hollard partners.This needs to be in compliance with legal requirements and that of relevant Manco meeti...Show moreLast updated: 30+ days ago

Promoted
New!

Finance Specialist

Robert WaltersZA

Job title : Finance Specialist.Job Location : Gauteng, Cape Town.A leading global investment management firm is seeking a . This is an exceptional opportunity to join a pioneering organisation ...Show moreLast updated: 22 hours ago

Promoted

Junior Business Analyst - (493)

Financial Intelligence CentreZA

Job title : Junior Business Analyst - (493).Define, map and intuitionalise business processes according to the approved framework under guidance. Investigate and analyse problems faced by business a...Show moreLast updated: 4 days ago