To prepare data and conduct basic analyses with guidance. Possesses a foundational understanding of technical concepts within their field and can effectively convey information to the wider team and to relevant stakeholders under supervision.
Hello, future Actuarial Specialist I
Role Purpose
To prepare data and conduct basic analyses with guidance. Possesses a foundational understanding of technical concepts within their field and can effectively convey information to the wider team and to relevant stakeholders under supervision.
Key responsibilities
Assist in building, updating, and validating actuarial pricing models for short-term insurance products (e.g., motor, property, liability, legal and value-added products)
Support the preparation and analysis of data for pricing reviews, claims experience investigations, burning cost analyses, and profitability assessments
Contribute to the development of new product features, rating structures, and the review of existing products
Compile and interpret claims, exposure, and financial data to support pricing and portfolio management decisions
Assist in monitoring loss ratios, claims frequency and severity trends, and the impact of rate changes on portfolio performance
Prepare reports and presentations for internal stakeholders, summarising key findings and recommendations
Collaborate with underwriting, claims, finance, and product development teams to ensure pricing assumptions are robust and aligned with company objectives
Assist in the implementation of regulatory requirements and compliance standards relevant to pricing activities, including the Policyholder Protection Rules and premium review requirements
Participate in ongoing professional development and actuarial exam progress
You will be an ideal candidate if you:
Have a BSc Degree in Actuarial Science
An Honours degree in Actuarial Science is preferred.
Successfully completed at least Five Actuarial Exams
2 – 3 years' relevant experience within a Pricing or Corporate Actuarial role within Short-Term Insurance, Insurance, Investments or Banking is preferred
Short-Term Insurance Pricing experience will be advantageous.
Strong analytical and problem-solving skills, with attention to detail
Proficient in Microsoft Excel; experience with statistical and pricing tools (e.g., Power BI, Python, SQL, SAS, R, Emblem/Radar or similar GLM software) will be advantageous
Effective written and verbal communication skills
Able to work collaboratively in a team environment
Eager to learn and grow within the Actuarial profession
You will have access to:
Opportunities to network and collaborate
Opportunities to innovate
Flexible working environment
Focus on health and wellbeing
Preferential employee banking rates
Competitive salary and benefits package
A generous leave policy to cater for your individual needs and actuarial exams
Support for actuarial exam progress and professional development
Opportunity to work with experienced actuaries and gain exposure to diverse short-term insurance products across personal and commercial lines
Inclusive and dynamic team culture
We can be a match if you are:
Curious & courageous – you're driven by always wanting to know more and learn more and you're brave enough to take action
Obsessed with mastery – you know what it takes to become good at what you do and are constantly pushing yourself to achieve this
A team player – you believe in the power of teams, building and leveraging your networks
Emotionally intelligent – you are able to connect with people to build trust
#Post
#FNB
#LI-AR2
Take note that applications will not be accepted on the below date and onwards, kindly submit applications ahead of the closing date indicated below.
28/08/26
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.
The FirstRand Corporate Centre houses many of the critical functions required by a large and complex financial services group. The Corporate Centre’s stakeholders are external, such as regulators, shareholders, global developmental institutions and government; and also internal, mainly the market-leading businesses that service the group’s customers. These critical functions cover risk, compliance, governance, internal audit, treasury, finance and tax amongst many others. They require deep specialist and technical skills and ultimately represent the custodianship of the FirstRand group’s licence to operate.
Employees of the Corporate Centre develop a very unique perspective of the group because nowhere else can you own or be part of a mandate that operates across the portfolio. This allows for both big picture thinking and operational learning. It is also a great place to drive collaboration and a place to have a significant impact.
The Corporate Centre has adopted a blended approach to working, with a focus on balancing remote working and connections with colleagues in the workplace. Face-to-face interactions remain important to its way of working as these connections protect the business’s social capital, which is key to ensuring that FirstRand’s unique culture stays alive and continues to thrive.
