Head of Capital and Balance Sheet Management

Sorry, this job was removed Sorry, this job was removed at 04:35 p.m. (CST) on Monday, Feb 17, 2025
Be an Early Applicant
Auckland Park, City of Johannesburg Metropolitan Municipality, Gauteng
Financial Services
The Role

Empowering Africa’s tomorrow, together…one story at a time.

With over 100 years of rich history and strongly positioned as a local bank with regional and international expertise, a career with our family offers the opportunity to be part of this exciting growth journey, to reset our future and shape our destiny as a proudly African group.

Job Summary

Overall job purpose
To develop tactical strategy and delivery plans, formulate associated practice(s) and to ensure operational implementation and adoption in terms of actuarial methodology, governance and delivery objectives. This role enables sound management of business performance and financial risk.

Job Description

Perform complex actuarial production processes under limited supervision to support sound management of business performance and financial risk. 

Processes includes:

1. Solvency Assessment and Management (SAM) Prudential Valuation for Absa Life and the Cells

  • Solvency Capital Requirements
  • Iterative Risk Margin Calculations
  • Dividend proposals
  • Quarterly and Annual Returns

2. Investments Mangement

  • Asset Liability Modelling (ALM) exercises,
  • Setting investment strategies for the business
  • Monitoring investment performance against benchmarks and risk appetite
  • Regular engagements with the Asset Managers.

3. Running models (to ensure accurate financial reporting and support management decision making) at an advanced level:

  • For inputs to processes such as reserving, capital, pricing or business case modelling
  • Development of and maintenance of advanced spreadsheet models which may include planning and capital and risk modelling
  • Development of and maintenance of actuarial open platform software complex models

4. 1st line quality / assurance review and checking (to ensure accuracy of outputs for sound business decision making and ensuring a robust control environment).

5. Coordination of a committee / forum (to enable business and risk management execution and oversight for a sound control environment);

  • Understand and deliver requirements of internal stakeholders, within the same business unit; Understand and deliver requirements of internal stakeholders, not within the same business unit i.e. Risk, Group.

6. People management responsibilities (to support talent development and business resilience)

  • Managing a team of 5 Actuarial Specialists and Analysts

Minimum Requirements:

  • Qualified Actuary with at least 2 years Post Qualification Experience
  • SAM and Capital Management experience Crucial
  • Experience in managing people
  • Experience of Iterative Risk Margins preferred (not a requirement).

Education

Bachelor's Degree: Actuarial Science

Absa Bank Limited is an equal opportunity, affirmative action employer. In compliance with the Employment Equity Act 55 of 1998, preference will be given to suitable candidates from designated groups whose appointments will contribute towards achievement of equitable demographic representation of our workforce profile and add to the diversity of the Bank.

Absa Bank Limited reserves the right not to make an appointment to the post as advertised

Get Personalized Job Insights.
Our AI-powered fit analysis compares your resume with a job listing so you know if your skills & experience align.

The Company
HQ: Johannesburg
39,055 Employees
On-site Workplace
Year Founded: 2018

What We Do

Absa Group Limited (Absa) has forged a new way of getting things done, driven by bravery and passion, with the readiness to realise growth on the African continent and beyond.

We’re a truly African brand, inspired by the people we serve in Botswana, Ghana, Kenya, Mauritius, Mozambique, Seychelles, South Africa, Tanzania, Uganda, and Zambia. We also have representative offices in China, Namibia, Nigeria and the United States, as well as securities entities in the United Kingdom and the United States, along with technology support colleagues in the Czech Republic.

Similar Jobs

Dandy Logo Dandy

Dental CAD Posterior P2 Designer

Computer Vision • Healthtech • Information Technology • Logistics • Machine Learning • Software • Manufacturing
Remote
2 Locations
900 Employees

Dandy Logo Dandy

Dental CAD Posterior P3 Designer

Computer Vision • Healthtech • Information Technology • Logistics • Machine Learning • Software • Manufacturing
Remote
2 Locations
900 Employees
Hybrid
Johannesburg, Gauteng, ZAF
289097 Employees

TransUnion Logo TransUnion

Product Manager

Big Data • Fintech • Information Technology • Business Intelligence • Financial Services • Cybersecurity • Big Data Analytics
Hybrid
Johannesburg, Gauteng, ZAF
13000 Employees

Similar Companies Hiring

EDGE Thumbnail
Software • Fintech • Financial Services • Analytics
Chicago, IL
20 Employees
Energy CX Thumbnail
Utilities • Professional Services • Greentech • Financial Services • Energy • Consulting • Business Intelligence
Chicago, IL
55 Employees
MassMutual India Thumbnail
Insurance • Information Technology • Fintech • Financial Services • Big Data
Hyderabad, Telangana
Not Eligible
Save
By clicking Apply you agree to share your profile information with the hiring company.

Sign up now Access later

Create Free Account

Please log in or sign up to report this job.

Create Free Account