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.
Hello,future Actuarial Specialist II
Role purpose:
The Actuarial Specialist will play a pivotal role in the Life Insurance Pricing Team, focusing on developing andmaintainingsophisticated pricing models, premium calculations, and innovative product designs. This position is ideal for candidates with some actuarial experience who are ready to take on more responsibility, work more independently, and contribute to strategic pricing initiatives.
Key responsibilities
Support the development, updating, and validation of actuarial pricing models for a diverse range of life insurance products.
Conduct complex data preparation and analysis for pricing studies, experience investigations, and profitability assessments.
Drive the development of new product features and provide critical reviews of existing products, incorporating market-specific insights and emerging trends.
Compile, interpret, and communicate statistical and financial data to underpin robust pricing decisions.
Prepare comprehensive reports and presentations for internal stakeholders, summarising keyfindingsand strategic recommendations.
You will be an ideal candidate if you
Have a BSc Actuarial Science degree
Preferred qualification: BSc Honours in Actuarial Science
Successfully completed at least five Actuarial Exams
Has a minimum of 4–5years’ relevant experience within Pricing or Corporate Actuarial roles in Insurance, Investments, or Banking
Strong analytical and problem-solving skills, with meticulous attention to detail and the ability to handle complex datasets
Proficiencyin Microsoft Excel, and familiarity with actuarial software (e.g., Prophet, Moses, R, SAS)
Relevant experience with data visualisation tools will be advantageous
Effective written and verbal communication skills, with the ability to present technical findings to non-technical audiences
Proven ability to work independently and collaboratively in a diverse, cross-functional team environment
Keen interest in continuous learning and professional growth 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
An opportunity to influence Pricing strategy and Product innovation
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.
