Monthly stipend
Not stated
- Opportunity
- Permanent
- Minimum education
- Degree (NQF 7)
- Location
- Johannesburg, Gauteng
- SETA
- INSETA
- Posted
- 01 Sept 2026
Sourced via the Graduates24 portal, last confirmed there by our scraper on 1 September 2026.
The apply link goes directly to jobs.nedbank.co.za — applications never pass through SetaJobs.
We rewrite adverts for readability; the closing date, requirements and application method come from the source advert — confirm them there before you apply. How we source listings →
Opportunity Overview
This opportunity at Nedbank invites driven individuals to join the Corporate Actuarial team as a Junior Actuarial Analyst. The role focuses on delivering essential actuarial solutions to internal and external stakeholders, directly supporting Nedbank Insurance's strategic goals and its commitment to client value. This position offers a chance to contribute to the core functions of a leading financial institution in Johannesburg.
Minimum Requirements
- Matric / National Senior Certificate / Grade 12
- Bachelor of Commerce in Actuarial Science, Bachelor of Science in Actuarial Science, or a B.Degree in Statistics or Mathematics.
- 0 to 1 year of actuarial experience.
- Completed a minimum of 4 actuarial exams (Actuarial Society of South Africa (ASSA) preferred).
- Strong analytical and problem-solving skills.
- Demonstrated numerical accuracy and attention to detail.
- Ability to interpret and clearly communicate complex actuarial information.
- Strong written and verbal communication skills.
- Planning and organising capability.
- Ability to work effectively within a team environment.
- Proficiency in Microsoft Excel and other actuarial modelling tools.
- Interest in process improvement, automation, and innovation.
Key Responsibilities
- Assist with the completion of monthly IFRS reserving results for insurance licences.
- Support the preparation of quarterly and annual Solvency Assessment and Management (SAM) returns.
- Investigate actuarial results to identify trends, anomalies, and emerging issues.
- Contribute to actuarial basis setting exercises.
- Assist with the actuarial components of the Own Risk and Solvency Assessment (ORSA) process.
- Participate in the annual forecasting and planning process.
- Support the automation and enhancement of existing actuarial processes to improve operational efficiency.
- Document actuarial methodologies, processes, and controls.
- Prepare and communicate actuarial results and insights to actuarial management.
- Actively contribute as a collaborative member of the Corporate Actuarial team.
- Participate in initiatives that support Nedbank's culture, transformation, and employee engagement objectives.
- Share knowledge, industry developments, and best practices with colleagues and stakeholders.
- Complete personal development and learning activities within agreed timelines.
What the Work Involves
As a Junior Actuarial Analyst, you will be deeply involved in the day-to-day operations of the Corporate Actuarial team. Your work will include supporting crucial financial reporting, such as monthly IFRS reserving and quarterly/annual SAM returns. You will spend time analysing actuarial data to spot important trends and issues, and documenting key processes. This role requires collaboration within your team and communication of insights to actuarial management, operating primarily in an office environment where analytical and technical skills are regularly applied.
How to Apply
To apply for this opportunity, please visit the Nedbank career portal directly: https://jobs.nedbank.co.za/job/Johannesburg-Junior-Actuarial-Analyst/1429031433/ Click on the "Apply" button on the page to submit your application.
This listing in context
What the 326 opportunities we currently hold say about this one.
- Live permanent posts
- 130
- In Gauteng
- 59
- Closing within 7 days
- 28
25% of the 130 live permanent posts we hold ask for Degree (NQF 7), so this listing asks for what most of them ask for.
Live permanent posts stay open for a median of 13 days between posting and closing date.
Calculated by SetaJobs from the 326 listings open on this site right now, and updated as they change. Browse all 132 opportunities in Gauteng.
What you'll need to apply
Follow the advert exactly. Private employers differ, and sending more than was asked for does not help.
- Your CV
- Certified copy of your ID
- A short motivation letter
What this kind of post involves
A permanent post is ongoing employment with no end date, carrying full benefits and, in the public service, a defined salary level with annual notch progression. These are advertised competitively and the selection process is considerably more formal than for programme placements.
How the selection usually runs
- Applications are screened against the stated minimum requirements first, mechanically — not meeting one is fatal regardless of the rest of your application.
- Shortlisted candidates are interviewed by a panel, and for many posts a competency assessment or practical exercise follows.
- Verification of qualifications, criminal record and references happens before an offer, and it is a common point of delay.
What you leave with
Ongoing employment with benefits, and in government a position on a salary scale with a defined progression path.
Where this leads next
Notch progression within your level
Satisfactory annual performance assessment.
The next salary level up
Competing for an advertised post at that level — levels are attached to posts, not to people.
Supervisory or management post
Experience at the level below, plus the qualification the higher post specifies.
A typical route, not a guarantee — progression depends on vacancies, funding and your own performance.
Watch out for this
The screening is mechanical and happens before anyone reads your CV: the advert’s own application instructions are applied as written, and an incomplete or unsigned form is discarded whatever the rest of the application says.
About INSETA & this sector
INSETA develops skills for the insurance sector, with learnerships that lead to FAIS-recognised qualifications and long-term careers.
