Actuarial Analyst I: Life Insurance Valuations

FNB South Africa; Johannesburg; On-site; ZAR 350,000 - 550,000; Full time

Job summary

FNB South Africa invites applications for an Actuarial Specialist I. You will build a foundation in life insurance valuations, applying core actuarial concepts to reporting, reserving, modelling and experience analysis under supervision.

Collaborate with actuaries to deliver high-quality analyses and clear stakeholder communications. The role offers exposure to core actuarial concepts, guidance from experienced actuaries, and opportunities for professional development in a dynamic team

Qualifications

• BSc in Actuarial Science or equivalent.
• 1–2 years’ experience in Life Insurance, Insurance or Banking.
• Progress with at least 5 actuarial exemptions.
• Strong analytical and problem-solving abilities with attention to detail.
• Proficiency in Excel; SQL/SAS/Prophet helpful.

Responsibilities

• Assist with monthly actuarial valuations and reporting.
• Run and update cash flow models for life insurance products.
• Support demographic studies and experience investigations.
• Prepare and reconcile data for models and reporting.

Skills

Analytical mindset

Attention to detail

Communication skills

Team player

Education

BSc Actuarial Science

Tools

Excel

SQL

SAS

Prophet

Job description

FNB South Africa invites applications for an Actuarial Specialist I. You will build a foundation in life insurance valuations, applying core actuarial concepts to reporting, reserving, modelling and experience analysis under supervision.

Collaborate with actuaries to deliver high-quality analyses and clear stakeholder communications. The role offers exposure to core actuarial concepts, guidance from experienced actuaries, and opportunities for professional development in a dynamic team