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Actuarial Analyst (Pricing)

Johannesburg
Salary: Market Related
Job Type: Permanent
Sectors: Insurance
Reference: 143906

Apply before Feb 19 2026 | 6 Days left

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Vacancy Details

Employer: Nedbank Head Office

Requisition Details and Talent Acquisition Contact
* Job Requisition: 143906
* TA Specialist: Refilwe Falatsi
* Closing Date: 19 February 2026
* Location: 135 Rivonia Campus, Sandown
* Cluster: Personal and Private Banking | Nedbank Insurance | Corporate Actuarial
* Employment Equity Statement: Preference will be given to applicants from Underrepresented Groups Career Stream Actuarial Job Purpose To provide actuarial solutions to internal and external clients within the life corporate actuarial team; in line with Nedbanks Client Value Proposition. Job Responsibilities
* Assist with pricing of Life Insurance products for Nedbank Insurance.
* Model development work to support pricing work, month-end reporting on IFRS17 and quarterly SAM reporting.
* Track and report on VNB for Nedbank Insurance Life Insurance products.
* Work with the wider Life Corporate Actuarial team to develop and improve actuarial models for existing and future business, and assist with the implementation of these in Prophet.
* Assistance with ensuring integrity of data for valuation work and experience investigations.
* Providing ad hoc actuarial support to various other areas, and the broader business, including: Assistance with monthly IFRS reserving results;
* Assistance with the annual budgeting process;
* Assistance with quartely SAM reporting of Life Products.
* Communication of results to actuarial managers for further action.
* Assistance with the completion of Actuarial Committee and Board packs.
* Assistance with the automation of existing processes in the life valuations space to improve efficiency.
* Investigations of results to identify trends and spaces for improvement in existing processes.
* Documentation of existing and new processes.
* Be active member of the Actuarial team and take initiative in own development.
* Contribute to a culture conducive to the achievement of transformation goals by participating in Nedbank Culture building initiatives (e.g. staff surveys etc.).
* Support and encourage staff to participate and support corporate responsibility initiative.
* Stay abreast in field of expertise and deliver on the expectations from stakeholders by building capability of self and staff through identifying current and future training and development needs.
* Contribute to team effectiveness by following the recruitment process when recruiting talent. People Specification Essential Qualifications - NQF Level
* Advanced Diplomas/National 1st Degrees Preferred Qualification Bachelor of Commerce (Actuarial Science) , Bachelor of Science (Actuarial Science) Essential Certifications Preferred Certifications Minimum Experience Level
* 1 - 3 years in the Corporate Actuarial / valuations environment
* Experience with Life Insurance is advantageous
* Good progress with A-level actuarial exams. (7 to 8 exams) 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

Candidate Requirements

Join our Life Corporate Actuarial team as an Actuarial Analyst (Pricing) and play a key role in developing, enhancing, and supporting actuarial solutions that enable Nedbank Insurance to deliver on its client value proposition. This role is ideal for an analytically driven, curious actuarial professional who enjoys problem‑solving, model development, and partnering with business to drive value. In this role, you will assist with the pricing of Life Insurance products, support model development, and contribute to IFRS 17 month‑end and SAM quarterly reporting. You will also be involved in VNB tracking, improving and implementing Prophet models, and ensuring strong data integrity for valuation work and experience investigations. You’ll work closely with a highly skilled actuarial team, supporting a broad range of activities including reserve calculations, budgeting, process automation, committee pack preparation, and identifying opportunities to enhance efficiency and accuracy across the actuarial reporting cycle. This role provides strong exposure to actuarial modelling, corporate reporting, and end‑to‑end pricing processes. We’re looking for an individual who is proactive, eager to learn, and committed to ongoing exam progress and professional development. If you enjoy collaborating with stakeholders, contributing to team culture, and applying technical skills to real business problems, this is an excellent opportunity to grow your actuarial career within one of South Africa’s leading financial institutions. Minimum Requirements:
* Relevant quantitative degree (Actuarial Science preferred).
* 1–3 years experience in a corporate actuarial/valuations environment.
* Exposure to life insurance, Prophet, IFRS 17 or SAM advantageous.
* Good progress with A‑level actuarial exams.

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About Nedbank Head Office

Money may be our backbone, but excellence is our culture. And diversity, our true driving force. We believe in creating a working environment that enables our people to help us bring our values to life. And to do so, we don’t just aim to acknowledge our differences but to celebrate them as the very mix we need to continue being the difference that enhances lives beyond banking. For this reason, our people are very important to us… Every single one of them in the financial, technological, legal, administrative, creative, hospitality or operational space. Each one of them, is our mirror. They are our reason to want to do better. And our reminder that we are in the service of others. Nedbank’s culture is embedded on values that promote accountability, a strong focus on meeting client needs, and on building a positive brand image.