Actuarial Manager

FNB South Africa; Randburg; On-site; ZAR 1,200,000 - 1,800,000; Full time

Job summary

FNB South Africa is seeking an experienced Actuarial Manager for Short-Term Insurance Pricing to lead a pricing team and deliver end-to-end pricing solutions. You will guide junior and senior teammates, present to boards and regulators, and drive strategic pricing initiatives.

The role demands strong actuarial expertise, leadership, and the ability to influence pricing decisions across the value chain. You will manage pricing projects, ensure accuracy of models and data, and collaborate with

Qualifications

• BSc degree in Actuarial Science.
• Nearly Qualified Actuary (completed all core actuarial exams and actively working toward Fellowship).
• Minimum 9 years actuarial experience, with at least 5 years in pricing within Short Term Insurance.
• Strong analytical and problem-solving skills with meticulous attention to detail.
• Proficiency in Excel and familiarity with actuarial software (SQL, SAS, Python, R, Power BI, Emblem, Radar or other GLM software).
• Experience with data visualization tools is advantageous.
• Strong written and verbal communication; able to present to non-technical audiences.
• Proven ability to work independently and in cross-functional teams.

Responsibilities

• Contribute to and influence Pricing strategies and budget goals with quantitative analytical insight.
• Display and encourage teamwork and inclusivity across the pricing function.
• Develop, encourage and nurture collaborative relationships across area of specialization.
• Manage team performance in achieving business objectives.
• Participate in planned activities for own and employee development.
• Manage risks in own area of responsibility.
• Ensure development and continuous value-add improvement to processes.
• Build working relationships across teams to enhance delivery and collaboration.
• Deliver customer experience excellence aligned to values and service standards.
• Assess and manage pricing projects, report on cost/benefit realization.
• Attend to pricing queries and refunds as required.
• Serve as SME and communicate pricing proposals for approval.
• Oversee testing and provide required sign-off.
• Oversee pricing across the value chain and area of responsibility.
• Drive the pricing strategy implementation within the area of accountability.
• Oversee all Short-Term Insurance product pricing with emphasis on personal lines.
• Apply pricing techniques from simple portfolio pricing to GLMs.
• Manage the entire actuarial control cycle: pricing approval, implementation, monitoring and enhancements.
• Collaborate on claims analytics and growth initiatives beyond pricing.

Skills

Analytical skills

Problem-solving

Communication skills

Independent and collaborative

Data handling

Excel proficiency

Data visualization

Education

BSc in Actuarial Science

Nearly Qualified Actuary – Fellowship in progress

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

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.