Corporate Actuarial Specialist III

Fnb South Africa; Johannesburg; On-site; ZAR 1,000,000 - 1,600,000; Full time

Benefits offered by this job

Flexible working environment

Health and wellbeing focus

Inclusive team culture

Job summary

FNB Life in Johannesburg is seeking a Senior Corporate Actuarial Specialist III to own valuation activities and provide leadership to a team of actuaries. You will deliver complex analyses, challenge results, and turn insights into business decisions for senior management.

You will guide the team in capital and balance sheet management, present to governance forums, and drive automation and process improvements across actuarial workstreams.

Qualifications

• A bachelor’s degree in actuarial science.
• FASSA qualification (or IFA equivalent).
• A minimum of 5 years Actuarial experience within Life Insurance, Financial services or Actuarial Consulting.
• Experience within life valuations will be preferred.

Responsibilities

• Lead the delivery and review of SAM, Embedded Value and actuarial basis-setting activities.
• Coach, develop and provide day-to-day guidance to a team of aspiring actuaries.
• Perform detailed technical analysis of balance sheets with insights into key drivers and trends.
• Review actuarial results, models, methodologies and processes for accuracy and consistency.
• Provide expert actuarial input into capital management and strategic decision-making.
• Present movements in solvency, embedded value and experience outcomes to senior management.
• Drive continuous improvement in actuarial models, reporting processes, and analytics.
• Support governance, model governance and audit requirements with robust documentation.

Skills

Leadership

Mentoring

Stakeholder communication

Advanced actuarial analysis

Model governance

Presentation skills

Education

Bachelor's degree in actuarial science

FASSA qualification or IFA equivalent

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.

This is a senior technical role within FNB Life, reporting to the Head of Corporate Actuarial. You will take ownership of key valuation and experience activities while providing leadership and technical direction to a team of aspiring actuaries.

The role is highly hands-on and suited to someone who enjoys being close to the detail, challenging results, solving complex actuarial problems and turning analysis into meaningful business insight.

Hello, future Corporate Actuarial Specialist III

Are You Someone Who Can

• Lead the delivery and review of SAM, Embedded Value and actuarial basis-setting activities.
• Coach, develop and provide day-to-day guidance to a team of aspiring actuaries
• Perform detailed technical analysis of various balance sheet providing clear insight into key drivers and emerging trends.
• Review actuarial results, models, methodologies and processes to ensure technical accuracy, appropriateness and consistency.
• Provide expert actuarial input into capital management, balance sheet management and strategic decision-making.
• Present and explain movements in solvency, embedded value and experience outcomes to senior management and governance forums.
• Drive continuous improvement in actuarial models, reporting processes and analytical capability through innovation and automation.
• Support actuarial governance, model governance and audit requirements through robust documentation and controls.
• Lead actuarial workstreams and coordinate delivery across multiple stakeholders and priorities.

You Will Be An Ideal Candidate If You Have

• A bachelor’s degree in actuarial science
• FASSA qualification (or IFA equivalent)
• A minimum of 5 years Actuarial experience within Life Insurance, Financial services or Actuarial Consulting
• Experience within life valuations will be preferred

You Will Have Access To

• Opportunities to work with other experienced actuaries and collaborate across the wider business.
• Opportunities to improve processes, innovate, and build practical data and modelling skills.
• A flexible working environment with a focus on health and wellbeing.
• Preferential employee banking rates, competitive benefits and a generous leave policy
• An inclusive, dynamic and high-performing team culture.

We Can Be a Match If You Are

• Curious and courageous: You want to understand how and why results move, and you are prepared to investigate, challenge and act.
• Obsessed with mastery: You take pride in the quality of your work and continuously build your technical and professional capability.
• A team player: You believe in the power of teams, share knowledge and build strong working relationships.
• Emotionally intelligent: You communicate thoughtfully, listen well and build trust with colleagues and stakeholders.
• Management: You have a drive to manage and guide a team of aspiring actuaries
• Delivery focused: You stay organised, take ownership and maintain quality when timelines are demanding.

Important Closing Date Note

Take note that applications will not be accepted on the below date and onwards, kindly submit applications ahead of the closing date indicated below.

15/09/26

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.