Senior Actuarial Analyst: Non-Life

<p><img id="Picture_x0020_1" src="https://rmkcdn.successfactors.com/dd82a348/461743ac-ca78-42fa-8634-a.png" style="height:255.0px;width:600.0px"></p> <div><div style="padding:10.0px 0.0px;border:1.0px solid transparent"><div style="font-size:18.0px;word-wrap:break-word"><H2 style="font-size:1.0em;margin:0.0px"><b>Job Classification</b></H2> </div><div><ul> <li><strong>Job Requisition: 146328</strong></li> <li><strong>TA Specialist: Refilwe Falatsi</strong></li> <li><strong>Closing Date: 28 July 2026</strong></li> <li><strong>Location: 135 Rivonia Campus, Sandown</strong></li> <li><strong>Cluster: Personal and Private Banking | Nedbank Insurance | Non-Life Solutions</strong></li> <li><strong>Employment Equity Statement: Preference will be given to applicants from Underrepresented Groups</strong></li> </ul></div></div><div style="padding:10.0px 0.0px;border:1.0px solid transparent"><div style="font-size:16.0px;word-wrap:break-word"><H2 style="font-size:1.0em;margin:0.0px">Career Stream</H2> </div><div>Actuarial</div></div><div style="padding:10.0px 0.0px;border:1.0px solid transparent"><div style="font-size:16.0px;word-wrap:break-word"><H2 style="font-size:1.0em;margin:0.0px"><b>Job Purpose</b></H2> </div><div><p>To take responsibility and manage the performance of new business written by Nedbank Insurance under its MyCover Personal Lines product. To assist with new product concepts that will be developed in collaboration with Distribution, Client Experience and Underwriting teams. </p></div></div><div style="padding:10.0px 0.0px;border:1.0px solid transparent"><div style="font-size:16.0px;word-wrap:break-word"><H2 style="font-size:1.0em;margin:0.0px"><b>Job Responsibilities</b></H2> </div><div><ul> <li>Develop and implement new business pricing models for all sections of our personal lines business using the Willis Towers Watson suite of software.</li> <li>Monitor and review claims experience within the portfolio to ensure business profitability targets to met.</li> <li>Monitor and review lapse experience within the portfolio to ensure better persistency.</li> <li>Help produce monthly reporting packs for DIVCO and INEXCO based on automated dashboards that provide detail for a helicopter view of product KPIs.</li> <li>Assist with producing quarterly reporting packs for the Actuarial Control Committee (ACC) and Client Centricity Committee (CCC).</li> <li>Assist with compiling product reviews / deep dives on concerns that may be highlighted by the product dashboards and presented to the ACC.</li> <li>Engage with Distribution, Client Experience, Underwriting and reinsurers in the new development and pricing of new products and product enhancements.</li> <li>Engage with Distribution, Client Experience and Operations to streamline processes and ensure all areas are working effectively in maximising the client value while ensuring product profitability to make the portfolio commercially viable.</li> <li>Engage with the system developers to ensure any system changes and additions identified are implemented.</li> <li>Review and update product registers, pricing policies, underwriting manual, policy documentation, market material and other product collateral as required by regulation or business from time to time.</li> <li>Assist with market research and data analytics as required. </li> </ul></div></div><div style="padding:10.0px 0.0px;border:1.0px solid transparent"><div style="font-size:16.0px;word-wrap:break-word"><H2 style="font-size:1.0em;margin:0.0px"><b>People Specification</b></H2> </div><div></div></div><div style="padding:10.0px 0.0px;border:1.0px solid transparent"><div style="font-size:16.0px;word-wrap:break-word"><H2 style="font-size:1.0em;margin:0.0px">Essential Qualifications - NQF Level</H2> </div><ul style="margin-top:0.0;margin-bottom:0.0"><li>Advanced Diplomas/National 1st Degrees </li></ul></div><div style="padding:10.0px 0.0px;border:1.0px solid transparent"><div style="font-size:16.0px;word-wrap:break-word"><H2 style="font-size:1.0em;margin:0.0px">Preferred Qualification</H2> </div><div><p>Bachelor of Commerce or Bachelor of Science in Actuarial Science with good progress towards qualifying as an Actuary (at least 8 exams).</p></div></div><div style="padding:10.0px 0.0px;border:1.0px solid transparent"><div style="font-size:16.0px;word-wrap:break-word"><H2 style="font-size:1.0em;margin:0.0px">Minimum Experience Level</H2> </div><div><ul> <li>4 years' + Actuarial experience in product development and pricing in the<strong> Non-Life Insurance personal lines</strong> industry. </li> <li><strong>A pass in subject F103 will be preferred</strong>.</li> <li>Skills:  <ul> <li>Analytical problem solving.</li> <li>Independent worker.</li> <li>SQL</li> <li>Willis Towers Watson – Radar, Emblem</li> <li>R</li> <li>Microsoft Office</li> </ul> </li> </ul></div></div><div style="padding:10.0px 0.0px;border:1.0px solid transparent"><div style="font-size:16.0px;word-wrap:break-word"><H2 style="font-size:1.0em;margin:0.0px"><b>Technical / Professional Knowledge</b></H2> </div><ul style="margin-top:0.0;margin-bottom:0.0"><li>Administrative procedures and systems </li><li>Banking knowledge </li><li>Business principles </li><li>Business terms and definitions </li><li>Data analysis </li><li>Governance, Risk and Controls </li><li>Microsoft Office </li><li>Nedbank culture and values </li><li>Nedbank vision and strategy </li><li>Relevant software and systems knowledge </li><li>Business writing skills </li></ul></div><div style="padding:10.0px 0.0px;border:1.0px solid transparent"><div style="font-size:16.0px;word-wrap:break-word"><H2 style="font-size:1.0em;margin:0.0px">Behavioural Competencies</H2> </div><ul style="margin-top:0.0;margin-bottom:0.0"><li>Adaptability </li><li>Applied Learning </li><li>Communication </li><li>Collaborating </li><li>Innovation </li><li>Work Standards </li></ul></div></div><p style="line-height:18.9px"><img alt="" height="228" src="https://rmkcdn.successfactors.com/dd82a348/61ad7a3f-eb85-4980-a04c-e.jpg" style="height:75.0px;width:600.0px" width="245"></p> <p style="line-height:18.9px">---------------------------------------------------------------------------------------</p> <p style="line-height:18.9px"><span style="color:#006341"><em><b>Please contact the Nedbank Recruiting Team at +27 860 555 566 </b></em></span></p>