Actuarial Specialist

FirstRand Life Assurance Ltd; Johannesburg; On-site; ZAR 1,100,000 - 1,600,000; Full time

Benefits offered by this job

Health and wellbeing focus

Preferential banking rates

Generous leave policy

Inclusive team culture

Job summary

FirstRand Life Assurance Ltd is seeking an Actuarial Specialist (Corporate Actuarial) to own key valuation and experience activities and to lead a team of aspiring actuaries. The role is hands-on, focusing on challenging results and turning data into business insight for senior management and governance forums.

You will coach the team, review results, support capital and balance sheet decisions, and drive automation-enabled improvements across actuarial processes.

Qualifications

• Bachelor's degree in actuarial science.
• FASSA qualification (or IFA equivalent).
• Minimum of 5 years actuarial experience in Life Insurance or related fields.
• Experience with life valuations preferred.

Responsibilities

• Lead delivery and review of SAM, Embedded Value and actuarial basis-setting activities.
• Coach and guide a team of aspiring actuaries.
• Perform detailed technical analysis of balance sheets and explain drivers.
• Provide actuarial input into capital management and governance forums.
• Present movements in solvency, embedded value and experience outcomes to senior management.
• Drive continuous improvement in models and reporting through automation.
• Ensure governance and robust documentation.

Skills

5+ years actuarial experience

Life valuations experience

Education

Bachelor's degree in actuarial science

FASSA qualification (or IFA equivalent)

Job description

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

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. 19/09/26

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.

FirstRand provides a comprehensive range of financial services in South Africa and certain markets in broader Africa. The group also offers certain niche products and services in the UK and India. Listed on the Johannesburg Stock Exchange (JSE) and the Namibian Stock Exchange (NSX), FirstRand Limited is the largest financial institution by market capitalisation in Africa. The group follows a multi-branding approach. Its portfolio of financial services businesses includes FNB, RMB, WesBank, Ashburton Investments, Aldermore, MotoNovo and DirectAxis. Many are leaders in their respective segments and markets, offering transactional, lending, investment and insurance products and services The FirstRand Corporate Centre houses many of the critical functions required by a large and complex financial services group. The group’s track record of delivering superior returns to shareholders has been achieved through a combination of organic growth, acquisitions, innovation and the creation of completely new businesses. The group’s purpose of delivering Shared Prosperity provides many opportunities for employees to innovate to address social and environmental challenges in our markets. All of our businesses have successful Volunteering programmes which also allow employees to adopt and support causes close to their hearts.