Absa Bank Limited is seeking a motivated Junior Actuarial Analyst to join its dynamic actuarial function in Johannesburg. This entry-level position is tailored for Actuarial Science graduates looking to apply probability, statistical modeling, and investment theory within a leading African financial services group. The role offers hands-on experience across financial risk management, actuarial reserving, experience studies, product pricing, and quantitative financial reporting under the guidance of experienced actuarial professionals. About Absa Bank Absa Bank Limited is a proudly African group with over a century of banking history, delivering regional and international expertise across consumer, corporate, and investment banking. Guided by its purpose of Empowering Africa’s tomorrow, together… one story at a time, Absa creates an environment where young quantitative talent can build impactful, long-term careers. About the Role The Junior Actuarial Analyst provides specialist actuarial support that enables sound commercial advice and risk management. Operating within established standard operating procedures, the successful candidate will execute core production processes, run financial models, analyze multi-source data, and support product development initiatives. Key Accountabilities & Responsibilities 1. Analytics & Financial Reporting Data Preparation & Analysis: Clean, extract, and structure financial and transactional data as direct inputs into actuarial calculations and reserving models. Management Information (MI): Produce clear, concise MI reports to track business performance and assist leadership in strategic decision-making. Experience Analyses: Perform demographic, claim, and policyholder behavior experience studies to inform basis setting and pricing assumptions. 2. Product Development & Management Market & Technical Analysis: Conduct competitor evaluations and technical product reviews to identify market opportunities and support initial product design. Product Specifications: Assist in drafting formal product specifications and logic rules that align with regulatory, financial, and customer standards. 3. Actuarial Modeling & Risk Execution Run and maintain foundational actuarial models for financial reporting, reserving, and business case evaluations under direct supervision. Validate model outputs to ensure calculations align with financial accuracy and compliance requirements. Minimum Requirements Education: Completed Bachelor’s Degree in Actuarial Science (BCom / BSc) from a recognized university. Academic Standing: Solid academic record with steady progress toward professional actuarial exemptions (ASSA / IFoA) preferred. Work Experience: Graduate / Entry-level (0 to 2 years of relevant experience). Technical Skills & Competencies Quantitative Foundations: Strong command of probability theory, statistics, financial mathematics, and investment theory. Data & Software Skills: Proficiency in Microsoft Excel; exposure to programming languages or analytical software (such as Python, R, SQL, SAS, or Prophet) is advantageous. Analytical Thinking: Ability to dissect complex numerical datasets, detect anomalies, and derive actionable financial insights. Communication: Clear written and verbal communication skills to present quantitative findings to both technical and non-technical stakeholders. Employment Equity & Diversity 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 to contribute towards an equitable workforce profile and enhance workplace diversity. Absa reserves the right not to make an appointment to the advertised post. How to Apply Interested applicants should submit their applications directly through the official Absa careers platform before the deadline, using requisition ID R-15990318. Ensure you upload your CV and full academic transcripts. Closing Date: 04 September 2026 Click Here To Join Our WhatsApp Channel