Actuarial Specialist II

FirstRand group; Johannesburg; On-site; ZAR 600 000 - 800 000; Full time

Job summary

A leading financial institution is seeking an Actuarial Specialist to join their second line actuarial team. The successful candidate will handle data preparation, conduct analyses, and review technical provisions. Ideal candidates have an Actuarial Science degree and 3+ years of relevant experience. Familiarity with Prophet, SAS, and SQL is essential. The role offers opportunities for networking and innovation.

Benefits

Opportunities to network and collaborate

Challenging work environment

Opportunities to innovate

Qualifications

• Must have completed all A100 and A200 exams.
• Comfortable with data analysis and monitoring.

Responsibilities

• Review technical provisions and minimum capital requirements.
• Challenge assumptions in pricing and valuations.
• Review compliance with Prudential Standards.
• Validate pricing and reserving models.
• Challenge and review Actuarial models.
• Produce Actuarial reports for committees.

Skills

Actuarial Science Degree

3+ years of relevant experience

Experience with Prophet

Experience with SAS

Experience with SQL

Data analysis

Education

Actuarial Science Degree

Tools

Prophet

SAS

SQL

Job description

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

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 experienceHave experience with Prophet, SAS and SQL
• Are comfortable with data (tables, monitoring, analysis etc)

You will have access to :

• Opportunities to network and collaborate
• Challenging Working
• 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!

Job Details

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.