End Date: May 11, 2026
Job Description
Own Risk and Solvency Management (ORSA)
Manage and coordinate the ORSA process for Absa' non-life insurance entities
Operate the ORSA projection model
Set and monitor quantitative risk appetite metrics
Perform stress and scenario testing as part of the Company's ORSA processes
Maintain the ORSA model and identify areas of improvement
Communication of results to key stakeholders
People Responsibilities
Manage a small team of actuarial analysts
Manage deliverables and timelines in own team
Education and experience required
A Degree in Actuarial Science (Honours degree would be advantageous)
At least 5 years actuarial work experience within the non-life insurance industry
Newly or nearly qualified actuary with good exam progression towards qualifying as a Fellow actuary
Good understanding of the SAM Financial Soundness Standards for Insurers (FSIs) and experience in performing capital calculations
Experience in non-life reserving techniques and IFRS 17 reporting would be advantageous
Experience in extracting and transforming data and designing automated processes
Programming in SQL, Python or VBA would be advantageous