Actuarial Specialist II

FirstRand Short Term Insurance; Johannesburg; On-site; ZAR 900,000 - 1,300,000; Full time

Job summary

FirstRand Short Term Insurance seeks an Actuarial Specialist II to drive IFRS 17 reporting, regulatory submissions and reserving, while collaborating across Finance, Risk and Actuarial teams. You will prepare outputs, support audits and contribute to governance processes.

The role emphasizes analytical rigor, stakeholder communication and technical excellence with opportunities to mentor junior colleagues and present to management committees.

Qualifications

• Degree in Actuarial Science.
• Completed at least 8 ASSA examinations.
• 4-6 years of actuarial experience.
• Proven IFRS 17 financial reporting, regulatory reporting and reserving experience.
• Experience supporting regulatory submissions and governance committees.
• Exposure to SAM, capital and solvency reporting.
• Proficient with SQL, SAS, Python.
• Experience in Short-Term Insurance advantageous.
• Candidates with Life and Short-Term IFRS 17 experience will be considered.

Responsibilities

• Deliver IFRS 17 actuarial reporting and reporting insights.
• Prepare and review regulatory, statutory and actuarial reporting outputs.
• Support internal and external audits through actuarial analysis and documentation.
• Perform reserving analyses and review technical provisions.
• Contribute to capital and solvency reporting requirements.
• Investigate and explain movements in actuarial and financial results.
• Enhance reporting processes, controls and actuarial models.
• Produce reports for management and governance committees.

Skills

IFRS 17 reporting

Regulatory reporting

Reserving

SQL

SAS

Python

Actuarial analysis

Stakeholder communication

Education

Actuarial degree

8 ASSA examinations

Tools

SQL

SAS

Python

Job description

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.

Hello, Future Actuarial Specialist II Our Short-Term Insurance business is looking for an Actuarial Specialist II to support the delivery of IFRS 17 reporting, regulatory reporting, reserving and audit activities. This role offers the opportunity to work across Finance, Risk and Actuarial teams while contributing to critical reporting and governance processes.

Are you someone who can:

• Deliver IFRS 17 actuarial reporting and reporting insights.
• Prepare and review regulatory, statutory and actuarial reporting outputs.
• Support internal and external audits through actuarial analysis and documentation.
• Perform reserving analyses and review technical provisions.
• Contribute to capital and solvency reporting requirements.
• Investigate and explain movements in actuarial and financial results.
• Enhance reporting processes, controls and actuarial models.
• Produce reports for management and governance committees.
• Ensure compliance with regulatory and actuarial standards.

You will be an ideal candidate if you:

• Hold a degree in Actuarial Science.
• Completed at least 8 ASSA examinations.
• Have 4-6 years' actuarial experience.
• Proven IFRS 17 financial reporting, regulatory reporting and reserving experience.
• Experience supporting regulatory submissions and governance committees.
• Exposure to SAM, capital and solvency reporting.
• Proficient with SQL, SAS, Python or similar analytical tools.
• Relevant experience within Short-Term Insurance will be advantageous.
• Candidates with a combination of Life and Short-Term Insurance IFRS 17 reporting experience will also be considered.

We can be a match if you are:

• Analytical and detail-oriented
• Curious and solutions-focused
• Collaborative and stakeholder-focused
• Passionate about technical excellence
• Delivery-focused and accountable

17/11/26

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.

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.