Senior Actuary - Experience Investigations

About the role

Absa is hiring a Senior Actuary for its Corporate Actuarial team in Sandton, South Africa. The role drives experience investigations and assumption setting, including first-line quality assurance, to enable sound management of business performance and financial risk. It also involves supporting talent development and managing stakeholder expectations.

Key responsibilities

• Drive experience investigations and assumption setting, including first-line quality assurance
• Improve investigation techniques, including statistical tests, data quality and structures, and implement machine learning capabilities to support assumption setting
• Implement and adopt modern, robust tools, including AI capabilities where appropriate
• Research the macro environment and, where appropriate, international trends
• Develop management information that leads to business action
• Build robust controls so assumptions are accurately reflected across the insurance value chain
• Support talent development, including exam progression of students and leading a team of actuarial students
• Meet the needs of internal stakeholders such as business line CFOs, Exco and Board committees, and external stakeholders such as HAF, auditors and captive businesses
• Drive a culture of continuous improvement and mitigate key-person risk dependencies

Required profile

• Bachelor's degree in Actuarial Science (required)
• 7+ years of experience in corporate actuarial life office valuations
• Preference given to candidates in line with the Group's employment equity policy

Required skills

• Actuarial science and corporate actuarial valuation
• Statistical testing and data quality work
• Exposure to machine learning and AI is beneficial