Actuarial Specialist II

FirstRand; Randburg; On-site; ZAR 750,000 - 950,000; Full time

Job summary

FirstRand is seeking an Actuarial Specialist II to autonomously prepare data and conduct analyses, while handling complex tasks under supervision. You will mentor juniors and present findings to management, bridging Finance, Risk and Actuarial teams. This role focuses on IFRS 17 reporting, regulatory submissions and governance support.

The ideal candidate has 4–6 years of actuarial experience, 8 ASSA exams completed, and strong SQL/SAS/Python skills to drive insights and ensure compliance.

Qualifications

• Degree in Actuarial Science completed.
• 8 ASSA examinations completed or in progress.
• 4–6 years actuarial experience in Short-Term Insurance IFRS 17 reporting, regulatory reporting and reserving.

Responsibilities

• Deliver IFRS 17 actuarial reporting and insights to management.
• Prepare/regulatory/statutory outputs and support governance committees.
• Support audits through actuarial analysis and documentation.
• Conduct reserving analyses and review technical provisions.
• Contribute to capital and solvency reporting and governance processes.
• Investigate movements in actuarial/financial results and explain changes.

Skills

Analytical thinking

Stakeholder engagement

Communication

Education

Actuarial Science degree

Tools

SQL

SAS

Python

Job description

Job DescriptionTo 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 IIOur 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 toolsRelevant experience within Short-Term Insurance will be advantageousCandidates 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-orientedCurious and solutions-focusedCollaborative and stakeholder-focusedPassionate about technical excellenceDelivery-focused and accountableThis 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-AR2Important Closing Date NoteTake note that applications will not be accepted on the below date and onwards, kindly submit applications ahead of the closing date indicated below.17/11/26All 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.