Actuarial Graduate Recruitment 2025

At Liberty, we employ more than 6,000 people across 7 businesses in 18 African countries.

Every day, our employees grow their knowledge by working with diverse groups of people who specialise in a wide range of skills across insurance, asset management, investment, and health products.

We continually seek to engage, develop, recognise, and reward the people who make our business great. To apply actuarial, statistical, and mathematical techniques in the successful applicant's appointed role in one of the areas in the Standard Bank Insurance and Asset Management Business Unit.

Minimum Qualifications

1. 0 - 1 year experience in a similar environment
2. Bachelor's Degrees and Advanced Diplomas (NQF Level 07) in Mathematical Sciences

Additional Minimum Qualifications

1. Actuarial Science Graduate studying towards Honours in Actuarial Science in Process

Apply relevant research methodologies, tools, and techniques to effectively and purposefully gather information. Provide specialist advice and support in the area of accountability to ensure that identified solutions and recommendations are appropriate and effective. Perform required actuarial and other analyses for management reporting, and make recommendations to support these analyses. Stay abreast of the latest actuarial development tools and techniques in order to conduct analysis in an informed manner.

Accountable for the execution of specialised work including the improvement of quality, standards, and outputs within defined work routines and operating procedures. Proactively solves problems, determines root-cause, and applies solutions in line with guidelines, providing the necessary information to solve problems related to the area of specialisation. Plan for own task execution and advise on improvements related to the area of specialisation. Completes actuarial tasks that are relatively granular with detailed output requirements defined. Performs data checking and validation work. Applies analytical tools and techniques, including model building, to solve actuarial problems. Adheres to spreadsheet standards and maintains audit trails.

Builds a basic understanding of general actuarial insurance knowledge, e.g., statutory reserving and capital requirements, IFRS reporting, product pricing, etc. Builds a basic understanding of company-specific knowledge, e.g., product knowledge, company structure, business rules, policies, processes, etc.

Customer

Ensure own understanding and adherence to customer service delivery and Treating the Customer Fairly (TCF) principles to provide specialist support and guidance.

Finance

Adhere to specified standards, policies, and procedures to prevent potential losses/wastage related to the area of specialisation.

Learning and Growth

Interact proactively with others for the purpose of continuous knowledge sharing and integration of own new knowledge. Contribute positively to own area-specific knowledge improvement associated with the area of specialisation. Continuously assess own performance, seek timely and clear feedback, and request training where appropriate.

Governance

Comply with set governance and compliance procedures and processes related to an area of work and continuously identify, rectify, and escalate risks where necessary. Adheres to Actuarial Guidance Notes and any other applicable regulations.

Liberty Values

1. Research and Information Gathering (Basic)
2. Quantitative Skills (Intermediate)
3. Statistical and Mathematical Analysis (Intermediate)
4. Professional / Technical learning (Basic)
5. Organisation and Attention to Detail (Basic)
6. Interpersonal Effectiveness (Basic)
7. Problem Solving and Analysis (Basic)
8. Teamwork and Cooperation (Basic)
9. Relationship Management and Networking (Intermediate)
10. Customer Orientation (Basic)

Liberty Group Limited is an equal opportunity, affirmative action employer.

In compliance with the Employment Equity Act 55 of 1998 and the group's Transformation Strategy, preference will be given to suitable candidates from designated groups whose appointments will contribute towards the achievement of equitable demographic representation of our workforce profile and add to the diversity of the organisation. The Company's approved Employment Equity Plan and Targets will be considered as part of the recruitment process.

As an Equal Opportunities employer, we actively encourage and welcome people with various disabilities to apply. Liberty Group Limited - an Authorised Financial Services Provider in terms of the FAIS Act (Licence no)