Job Description

To direct actuarial analytical team and activities of a department specific function or area e.g. supervision of actuarial students and clerical staff.

Hello Future, Corporate Actuarial Head,

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.

As part of our team in FR Life Assurance, you will be surrounded by unique talents, diverse minds, and an adaptable environment that lives up to the promise of staying curious. Now’s the time to imagine your potential in a team where experts come together and ignite effective change.

The Corporate Actuarial Head is a business leadership role responsible for managing the actuarial valuations teams that perform production and analysis work on the SAM, IFRS, Tax and profitability balance sheets

Are you someone who can:

• Lead and manage actuarial teams (reserving, capital, pricing, reporting)
• Oversee the model development, reporting cycles, capital modelling, and analytics
• Provide actuarial insights to the business and executives
• Manage people, budgets, and operational efficiency
• Drive strategy from an actuarial perspective
• Ensure the organization meets business and performance objective

You will be an ideal candidate if you have:

• Fellow of ASSA (Actuarial Society of South Africa)
• FIA/FIAA/FCAS/FSA
• Bachelor’s or Honors degree in: Actuarial Science, Mathematics, Statistics, Finance, Risk Management
• A Master's degree is advantageous in Actuarial science, Applied mathematics, Financial Engineering science,

Typically, 10–15+ years actuarial experience within life insurance, short-term insurance, or financial services

Extensive experience in:

• Capital Modelling
• Reserving
• Pricing
• IFRS17 / SAM / Solvency II
• Actuarial reporting and oversight

Deep understanding of:

• Prudential Authority and SAM requirements
• IFRS17 reporting standards, forecasting and market reporting
• Risk and capital frameworks
• Audit and governance processes
• Strong background in leading actuarial teams and managing complex actuarial functions
• Familiarity with actuarial modelling software and analytics tools (Prophet, R, Python, SQL, etc.
• Strong understanding of insurance risk drivers: underwriting, credit, market, operational
• Ability to assess financial implications of strategic decisions - Competence in managing balance sheet impacts and capital efficiency discussions

We can be a match if you have the following:

• Adaptable and curious
• Have a proven successful track record.
• Thrive in a collaborative environment.
• Detail-oriented
• Proactive and accountable
• Calm under pressure 
• Collaborative mindset
• Flexible and adaptable in a dynamic work environment

Apply now if you are interested in taking the next step. We look forward to engaging with you!

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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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.

05/06/26