Actuarial Specialist II

FirstRand Life Assurance Ltd; Johannesburg; On-site; ZAR 600,000 - 900,000; Full time

Job summary

A leading South African insurance company seeks an Actuarial Specialist to manage independent projects and conduct various actuarial analyses. The successful candidate will engage in significant tasks including compliance reviews and model validations, while contributing to a dynamic and innovative team environment.

Benefits

Opportunities to network and collaborate

Opportunities to innovate

Qualifications

• At least completed A100 and A200 exams.
• 3+ years of relevant experience.
• Comfortable with data analysis.

Responsibilities

• Review technical provisions and compliance with standards.
• Model validation and challenge of actuarial assumptions.
• Produce actuarial reports for committees.

Skills

Data analysis

Technical review

Communication

Education

Actuarial Science degree

Tools

Prophet

SAS

SQL

Job description

To autonomously handle data preparation and conduct basic to intermediate analyses, while executing complex analyses under supervision. Managing independent projects, providing mentorship to junior colleagues, and effectively communicating with stakeholders, including delivering presentations to management committees and executive teams.

We are currently recruiting for an Actuarial Specialist within the second line actuarial team for FNB Life. The incumbent will be responsible for assisting in the internal second line actuarial function.

The incumbent will gain exposure to a wide range of Actuarial topics such as experience investigations, pricing, reserving, capital calculations. The role will give a good overall view of the workings of a life company and is ideal for someone with ambition to obtain a practising certificate.

Roles and responsibilities :

• Review of technical provisions, minimum capital requirements and solvency capital requirements
• Technical challenge of assumptions, pricing and valuations
• Review of compliance with Prudential Standards and advise business on how standards apply for new products
• Model validation of pricing and reserving models (both Excel and Prophet models)
• Challenge and review of Actuarial models
• Develop proxy models to validate results
• Produce Actuarial reports for internal and Board committees
• Ad hoc research on Actuarial developments

You will be an ideal candidate if you :

• Have an Actuarial Science degree
• Have completed at least all A100 and A200 exams
• Have 3+ years of relevant experience
• Have experience with Prophet, SAS and SQL
• Are comfortable with data (tables, monitoring, analysis etc)

You will have access to :

• Opportunities to network and collaborate
• Opportunities to innovate

We can be a match if you are :

• Curious & courageous - you're driven by always wanting to know more and learn more and you're brave enough to
• Obsessed with mastery - you know what it takes to become good at what you do and are constantly pushing yourself to do it

Are you interested to take the step? We look forward to engaging with you further. Apply now!

Post

LI-GJ1

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

03 / 07 / 25

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.

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Actuarial Specialist • 6 Merchant Place, 9 Fredman Drive, Sandton, Johannesburg, 2196