Actuarial Specialist II

FirstRand Bank; Randburg; On-site; ZAR 900,000 - 1,300,000; Full time

Job summary

FirstRand Bank is seeking an Actuarial Specialist II in South Africa to support IFRS 17 reporting, regulatory submissions, and governance processes. You will work across Finance, Risk and Actuarial teams delivering critical reporting and insights.

The role requires 4–6 years of actuarial experience, a degree in Actuarial Science, and 8 ASSA exams completed. Proficiency in SQL/SAS/Python is advantageous.

Qualifications

• Degree in Actuarial Science required.
• Completed at least 8 ASSA examinations.
• 4–6 years actuarial experience required.
• IFRS 17 financial and regulatory reporting experience preferred.
• Experience supporting regulatory submissions and governance committees.

Responsibilities

• Deliver IFRS 17 actuarial reporting and insights.
• Prepare and review regulatory, statutory and actuarial 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.

Education

Actuarial Science 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

This is an exciting opportunity for an actuarial professional looking to deepen their expertise in IFRS 17 reporting, regulatory compliance and actuarial governance within a growing Short-Term Insurance business.

#Post

#FNB

#LI-AR2

Important Closing Date Note

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.