Actuarial Specialist

FirstRand Limited; Johannesburg; On-site; ZAR 543,000 - 651,000; Full time

Benefits offered by this job

Flexible working environment

Health and wellbeing focus

Preferential employee banking rates

Generous leave policy

Job summary

FirstRand Limited’s FNB Life unit in Johannesburg seeks an Actuarial Specialist (Corporate Actuarial). This senior technical role owns key valuation and experience activities, leads a team of actuaries, and collaborates with governance forums.

You will deliver SAM, Embedded Value and actuarial basis-setting, coach juniors, analyze balance sheets, and present movements to senior management. The role emphasizes hands-on analysis, innovation and robust documentation.

Qualifications

• A bachelor’s degree in actuarial science
• FASSA qualification (or IFA equivalent)
• A minimum of 5 years Actuarial experience within Life Insurance, Financial services or Actuarial Consulting
• Experience within life valuations will be preferred

Responsibilities

• Lead the delivery and review of SAM, Embedded Value and actuarial basis-setting activities.
• Coach, develop and provide day-to-day guidance to a team of aspiring actuaries.
• Perform detailed technical analysis of balance sheets and drivers.
• Review actuarial results, models, methodologies and processes for technical accuracy.
• Provide expert actuarial input into capital and balance sheet management.
• Present movements in solvency, embedded value and experience outcomes to management.
• Drive improvement in models, reporting and automation.

Skills

Leadership

Data analysis

Communication

Team coaching

Education

Bachelor's degree in actuarial science

FASSA qualification (or IFA equivalent)

Job description

## Actuarial SpecialistApply: Johannesburg: Full time: Posted Today: End Date: September 19, 2026 (6 days left to apply): R53484# **Job Description**To demonstrates advanced expertise in data analysis and perform complex analysis. Supervise junior team members, manage complex processes and small teams, and create workstreams aligned with corporate objectives. Effectively present to board committees, regulators, and executive management.**Hello,**future Actuarial Specialist (Corporate Actuarial)This is a senior technical role within **FNB Life**, reporting to the Head of Corporate Actuarial. You will take ownership of key valuation and experience activities while providing leadership and technical direction to a team of aspiring actuaries.The role is highly hands-on and suited to someone who enjoys being close to the detail, challenging results, solving complex actuarial problems and turning analysis into meaningful business insight.**Are you someone who can:*** Lead the delivery and review of SAM, Embedded Value and actuarial basis-setting activities.* Coach, develop and provide day-to-day guidance to a team of aspiring actuaries* Perform detailed technical analysis of various balance sheet providing clear insight into key drivers and emerging trends.* Review actuarial results, models, methodologies and processes to ensure technical accuracy, appropriateness and consistency.* Provide expert actuarial input into capital management, balance sheet management and strategic decision-making.* Present and explain movements in solvency, embedded value and experience outcomes to senior management and governance forums.* Drive continuous improvement in actuarial models, reporting processes and analytical capability through innovation and automation.* Support actuarial governance, model governance and audit requirements through robust documentation and controls.* Lead actuarial workstreams and coordinate delivery across multiple stakeholders and priorities.**You will be an ideal candidate if you have:*** A bachelor’s degree in actuarial science* FASSA qualification (or IFA equivalent)* A minimum of 5 years Actuarial experience within Life Insurance, Financial services or Actuarial Consulting* Experience within life valuations will be preferred**You will have access to:*** Opportunities to work with other experienced actuaries and collaborate across the wider business.* Opportunities to improve processes, innovate, and build practical data and modelling skills.* A flexible working environment with a focus on health and wellbeing.* Preferential employee banking rates, competitive benefits and a generous leave policy* An inclusive, dynamic and high-performing team culture.**We can be a match if you are:*** **Curious and courageous:** You want to understand how and why results move, and you are prepared to investigate, challenge and act.* **Obsessed with mastery**: You take pride in the quality of your work and continuously build your technical and professional capability.* **A team player**: You believe in the power of teams, share knowledge and build strong working relationships.* **Emotionally intelligent:** You communicate thoughtfully, listen well and build trust with colleagues and stakeholders.* **Management:** You have a drive to manage and guide a team of aspiring actuaries* **Delivery focused**: You stay organised, take ownership and maintain quality when timelines are demanding.#Post #FNB #LI-AR2