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Actuarial Specialist

FirstRandFirstRand·Financial Services
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About the role

Job Description

To demonstrates advanced expertise in data analysis and perform complex analysis. Supervise junior team members, manage complex processes and small teams, and create workstreams aligned with corporate objectives. Effectively present to board committees, regulators, and executive management.

Hello, future Actuarial Specialist (Corporate Actuarial)

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. 

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. 

#Post
#FNB
#LI-AR2

 

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.

19/09/26

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.

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Aplyr's read

FirstRand is a dominant force in South Africa's financial sector, attracting professionals focused on innovative banking solutions and ethical financial practices.

Synthesized from recent postings & public sources

What's promising

  • •FirstRand is a market leader in South Africa's financial services industry.
  • •The company offers diverse career paths across banking, risk management, and financial analysis.
  • •Strong focus on ethical practices with roles like Chief Ethics and Conduct Risk Officer.

What to watch

  • •High competition in the financial services sector may limit growth opportunities.
  • •Limited public information about global expansion strategies.
  • •Potentially high-pressure work environment due to industry demands.

Why FirstRand

  • •FirstRand's extensive talent pool initiatives indicate a commitment to long-term employee development.
  • •The company emphasizes ethical risk management and conduct.
  • •Offers specialized roles like XVA Structurer, highlighting a focus on complex financial products.

Aplyr’s read is generated by AI from public sources. Was it useful?

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About FirstRand

FirstRand Corporate Centre is a leading financial services provider in South Africa, offering a wide range of banking and financial products and services.

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