Overview
Actuarial Analyst Jobs in Johannesburg at Nedbank
Job Classification
- Job Requisition: 145595
- TA Specialist: Refilwe Falatsi
- Contact Details: +27102215239
- Closing Date: 8 May 2026
- Location: 135 Rivonia Campus, Sandton
- Cluster: Personal and Private Banking | Nedbank Insurance | CS Credit Life Solutions
- Employment Equity Statement: Preference will be given to applicants from Underrepresented Groups
Career Stream
Actuarial
Job Purpose
To provide actuarial solutions within the Credit Solutions, Credit Life Team, with a strong focus on Life Insurance and Credit Life product, valuation, and product development, in line with Nedbank’s Client Value Proposition.
Job Responsibilities
Product Development
- Assist with pricing and development of Life Insurance and Credit Life products for Nedbank Insurance.
- Support new product development initiatives, including enhancements to existing life and credit life offerings to meet market and regulatory requirements.
- Track and report on Value of New Business (VNB) for Life and Credit Life products.
- Conduct experience investigations to inform pricing assumptions and product improvements.
Modelling & Valuations
- Work collaboratively with the broader Life Corporate Actuarial team to enhance models for existing and future business.
- Support the integrity, accuracy, and validation of data used in valuations and experience analyses.
Reporting & Stakeholder Engagement
- Communicate actuarial results and insights to actuarial managers to support informed decision‑making.
- Assist with the preparation of Actuarial Committee and Board packs.
- Provide ad hoc actuarial support to the broader business as required.
Process Improvement & Automation
- Support the automation and optimisation of life valuation and reporting processes to improve efficiency and controls.
- Investigate results to identify trends, risks, and opportunities for improvement.
- Document existing and newly developed actuarial processes.
Team & Culture Contribution
- Be an active and engaged member of the Actuarial team, taking accountability for own learning and development.
- Contribute to Nedbank’s transformation, culture‑building, and corporate responsibility initiatives.
- Stay abreast of developments in the actuarial, life insurance, and credit life space, building capability through continuous learning.
- Support team effectiveness, including participation in recruitment processes where required.
People Specification
Essential Qualifications – NQF Level
- Advanced Diplomas/National 1st Degrees
Preferred Qualification
- Bachelor of Science (Actuarial Science)
- Bachelor of Commerce (Actuarial Science)
Minimum Experience Level
- 1–3 years’ experience in a Corporate Actuarial or Valuations environment
- Experience within Life Insurance is advantageous
- Exposure to Credit Life products and product development will be a strong advantage
- Requirements:
- Good progress with A‑level actuarial examinations (approximately 7–8 exams completed)
- Strong analytical, problem‑solving, and modelling capabilities
- Working knowledge of IFRS 17 and SAM (advantageous)
- Experience with Prophet, Python, R, SQL or similar actuarial modelling tools (advantageous)
- Strong communication, documentation, and stakeholder‑engagement skills
Technical / Professional Knowledge
- Administrative procedures and systems
- Banking knowledge
- Business principles
- Business terms and definitions
- Data analysis
- Microsoft Office
- Relevant software and systems knowledge
- Business writing skills
- Governance, risk and controls
Behavioural Competencies
- Adaptability
- Applied Learning
- Communication
- Collaborating
- Innovation
- Work Standards
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Please contact the Nedbank Recruiting Team at +27 860 555 566
Title: Actuarial Analyst
Company: Nedbank
Location: Johannesburg
