Actuarial Specialist

firstrand; Johannesburg; On-site; ZAR 1,200,000 - 1,800,000; Full time

Benefits offered by this job

Health & wellbeing focus

Banking benefits

Generous leave policy

Inclusive team culture

Job summary

FirstRand invites an Actuarial Specialist to join FNB Life's Corporate Actuarial team in Johannesburg. You will own key valuation activities, lead and mentor a team of aspiring actuaries, and shape analyses that support board oversight and regulatory reviews.

This senior role demands deep technical know-how in SAM, Embedded Value, and capital management, with a focus on delivering clear insights, improving models, and upholding governance standards in a dynamic financial services environment.

Qualifications

• Bachelor's degree in actuarial science or equivalent.
• FASSA qualification or IFA equivalent required.
• Minimum 5 years actuarial experience in Life Insurance/Financial services/Actuarial Consulting.
• Experience in life valuations 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 various balance sheets providing clear insight into key drivers and emerging trends.
• Review actuarial results, models, methodologies and processes for technical accuracy and consistency.
• Provide expert actuarial input into capital management, balance sheet management and strategic decision-making.
• Present 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.

Skills

5+ years Actuarial experience

Life valuations experience

Leadership / coaching

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.

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 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.

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

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.

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.