Actuarial Manager

FirstRand Bank; Randburg; On-site; ZAR 1,200,000 - 1,800,000; Full time

Job summary

FirstRand Bank is seeking an Actuarial Manager (Short-Term Insurance Pricing) to lead a pricing team and deliver end-to-end pricing solutions for key products. This role suits candidates with actuarial experience who want to elevate pricing techniques and contribute to strategic initiatives.

You will drive pricing strategies, manage risks, and collaborate across business units to deliver superior customer value while aligning with organisational goals.

Qualifications

• Strong analytical and problem-solving abilities.
• Meticulous attention to detail with complex datasets.
• Ability to lead and develop a pricing team.
• Experience in Short-Term Insurance pricing is preferred.

Responsibilities

• Contribute to and influence pricing strategies and budgets.
• Lead and develop a pricing team for end-to-end delivery.
• Provide quantitative analytical insights to support business strategy.
• Build collaborative relationships across the function to improve delivery.
• Communicate pricing proposals to forums for approval.
• Oversee testing, sign-off, and monitoring of pricing models.

Skills

Analytical thinking

Problem-solving

Attention to detail

Team leadership

Communication skills

Education

BSc in Actuarial Science

Nearly Qualified Actuary

Tools

SQL

SAS

Python

R

Power BI

Emblem

Radar

Job description

Job Description

To manage complex analyses and guiding both junior and senior team members, while maintaining proficiency across various fields. Ensure alignment with strategic objectives by consulting on broader business matters, managing intricate processes, and proposing and implementing diverse work streams. Deliver presentations to the board committee, regulators, and executive committee to support business goals.

Hello, future Actuarial Manager (Short-Term Insurance Pricing)

Role purpose

To manage a Short-Term Insurance pricing team and ensure effective end to end delivery of pricing solutions related to specific products or services. This position is ideal for candidates with relevant actuarial experience who are ready to enhance FNB Short Term Insurance's pricing techniques and contribute to strategic pricing initiatives.

Key responsibilities:

• Contribute to and influence Pricing strategies and budget goals across allocated Pricing Function through the provision of quantitative analytical insight in delivery of business strategy
• Display and encourage an appreciation of teamwork and inclusivity
• Develop, encourage and nurture collaborative relationships across area of specialisation
• Manage team performance in achievement of business objectives
• Participate in planned activities that are appropriate for own and employee development
• Manages risks in own area of responsibility
• Ensure development and continuous value add improvement to operational processes
• Build working relationships across teams and functional lines to enhance work delivery, collaboration and innovation
• Deliver customer experience excellence in own service delivery aligned to Organisational values and service standards
• Assess and manage pricing projects, provide advice and report on progress in terms of cost and benefit realisation
• Attend to and resolve pricing queries and refunds as and when required s
• Serve as subject matter expert (SME) and communicate pricing proposals based on data analysis to relevant pricing forums for approval
• Oversee and review testing and provide required sign off
• Oversee pricing across the value chain and within area of responsibility in delivery against business strategy
• Drive the implementation and adoption of the Pricing strategy within area of accountability
• Oversee all Short-Term Insurance product pricing with emphasise on personal lines
• Apply a range of pricing techniques from simple portfolio pricing to complex GLM's
• Responsible for the entire actuarial control cycle, Pricing approval, implementation, monitoring and enhancements
• Candidate will be involved in a range of functions across the business beyond pure pricing including claims analytics and initiatives to help growth initiatives.

Qualifications and Experience

• BSc degree in Actuarial Science
• Nearly Qualified Actuary (completed all core actuarial exams and actively working toward Fellowship)
• A minimum of 9 years relevant Actuarial work experience of which at least 5 years in a Pricing or actuarial team within Short Term Insurance
• Strong analytical and problem-solving skills, with meticulous attention to detail and the ability to handle complex datasets
• Proficiency in Microsoft Excel, and familiarity with actuarial software (e.g., SQL, SAS, Python, R, Power BI, Emblem, Radar or other GLM software)
• Experience with data visualisation tools will be advantageous
• Effective written and verbal communication skills, with the ability to present technical findings to non-technical audiences
• Proven ability to work independently and collaboratively in a diverse, cross-functional team environment

#Post

#FNB

#LI-AR2

Important Closing Date Note

Take note that applications will not be accepted on the below date and onwards, kindly submit applications ahead of the closing date indicated below.

18/11/26

All appointments will be made in line with FirstRand Group's Employment Equity plan. The Bank supports the recruitment and advancement of individuals with disabilities. In order for us to fulfill this purpose, candidates can disclose their disability information on a voluntary basis. The Bank will keep this information confidential unless we are required by law to disclose this information to other parties.