Data Scientist I - Balance Sheet Management

FirstRand Life Assurance Ltd; Sandton; On-site; ZAR 300,000 - 450,000; Full time

Job summary

A leading financial services company in South Africa is seeking a Data Scientist to provide analytical support and insights for the Insurance Balance Sheet Management team. The role involves building and optimizing reports, financial models, and implementing strategies to meet business needs. Candidates should have a BSc in applied mathematics or statistics, along with strong Excel and SQL skills. Previous experience in a similar environment is essential. This position offers a collaborative environment with opportunities for personal growth.

Qualifications

• Minimum of 2 years experience in a similar environment.
• Self-motivated and strong interpersonal skills.
• Ability to work independently and manage time effectively.

Responsibilities

• Analyze information requirements for management reports.
• Complete and present the BSM management reports.
• Document and audit relevant processes.

Skills

Strong MS Excel skills

SQL skills

Quantitative and analytical skills

Good written and oral communication

Interpersonal skills

Time management

Education

BSc applied mathematics, statistics, or actuarial science

Tools

Power BI

Job description

Overview

Description

To build, optimise and implement innovative quantitative analytical methodologies, procedures, and advanced mathematical models that provide analytical support and interpret insights, to address business opportunities and problems and implement business strategy, under guidance against predicted results and deliver according to set processes and procedures.

Hello, Future Data Scientist I

Welcome to FNB, the home of the #changeables. We design for the shapeshifters and deliver products and services that make us incredibly proud of people that make it happen.

This role is within the FSR Insurance Balance Sheet Management team. The team acts as the treasury function for the Insurance business and looks after the liquidity, capital and asset and liability needs of the companies within Insurance Holdings. The role involves providing analytical support and insights in the implementation of BSM strategies and objections. This is achieved by building, optimizing and implementation of reports, models and procedures.

Job description

Responsibilities

• Provide function support for relevant committees
• Analyze information requirements, availability and quality of data to feed into management reports.
• Complete and present the BSM management and regulatory (liquidity / capital) reports
• Monitoring and assessing the implementation of BSM strategies ensuring it is in line with agreed frameworks
• Build, document, refine and implement financial models that measure ALM, liquidity, investment performance and capital requirements
• Perform regular model updates that capture evolving business complexity in current models. Challenge current models to ensure relevance and accuracy of outputs.
• Establish relationships with relevant individuals and departments to deliver on work expectations
• Adhere to relevant service level agreements to build trust in the relationship.
• Conduct ad-hoc quantitative and qualitative projects
• Document and audit relevant processes.

Qualifications & Experience

• Minimum qualification : BSc applied mathematics, statistics, or actuarial science
• Experience : A minimum of 2 years’ experience within a similar environment
• Strong MS Excel and SQL skills and ability to learn new software programs quickly
• Experience in Power BI is advantageous
• Self-motivated with good quantitative and analytical skills
• Strong written and oral communication
• Good Interpersonal skills
• Good time management and able to multi-task
• Able to work independently, efficiently and accurately

All appointments will be made in line with FirstRand Group's Employment Equity plan. The Bank actively supports the recruitment and advancement of people with disabilities. We encourage that candidates voluntarily declare their disability and consult the Bank should they require reasonable accommodation.

Post

LI-AR2

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.

27 / 09 / 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.