Actuarial Specialist II — Valuations & Business Analytics

FNB South Africa; Johannesburg; On-site; ZAR 900,000 - 1,200,000; Full time

Job summary

FNB South Africa, within FNB Insure, seeks an experienced Corporate Actuarial Specialist II to autonomously handle data preparation and analyses while guiding junior colleagues and communicating with stakeholders. You will contribute to actuarial valuation, reporting, capital management and business analytics for a newly established cell captive licence.

You will develop forecasts, support regulatory reporting, and deliver high‑quality insights to enable sound business decisions.

Qualifications

• Bachelor's degree in actuarial science.
• 5 years actuarial experience in Life Insurance, financial services or actuarial consulting.
• 1-3 Actuarial examinations remaining toward fellowship with ASSA.
• Experience with cell captive insurance structures is preferred.

Responsibilities

• Perform life insurance actuarial valuations, reserving, and liability assessments.
• Support IFRS 17 reporting and valuation requirements.
• Prepare SAM and Prudential Authority regulatory reporting including capital and solvency calculations.
• Conduct capital modelling, profitability analysis, and balance sheet management.
• Develop actuarial forecasts and contribute to business planning processes.
• Support financial reporting, actuarial governance, audit, and regulatory engagements.
• Monitor and assess underwriting, market, credit, and operational risks.
• Validate and enhance actuarial models, methodologies, and processes.
• Utilise Prophet, R, Python, SQL, and Excel/VBA to deliver insights.
• Provide actuarial recommendations to support risk management and capital efficiency.

Skills

Actuarial analysis

Data analysis

Prophet

R

Python

SQL

Excel VBA

Stakeholder comms

Education

Bachelor's degree in actuarial science

Tools

Prophet

Excel/VBA

SQL

Python

R

Job description

FNB South Africa, within FNB Insure, seeks an experienced Corporate Actuarial Specialist II to autonomously handle data preparation and analyses while guiding junior colleagues and communicating with stakeholders. You will contribute to actuarial valuation, reporting, capital management and business analytics for a newly established cell captive licence.

You will develop forecasts, support regulatory reporting, and deliver high‑quality insights to enable sound business decisions.