Actuarial Specialist I at FNB South Africa

Job Description

• 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.

Role Purpose

• Assist in building, updating, and validating actuarial pricing models for life insurance products
• Support the preparation and analysis of data for pricing studies, experience investigations, and profitability assessments
• Contribute to the development of new product features and the review of existing products
• Compile and interpret statistical and financial data to support pricing decisions
• Prepare reports and presentations for internal stakeholders, summarizing key findings and recommendations
• Collaborate with underwriting, 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
• Participate in ongoing professional development and actuarial exam progress

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

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 life insurance products
• Inclusive and dynamic team culture

Qualifications and Experience

• Minimum qualification: BSc Actuarial degree
• Preferred qualification: BSc Honours Actuarial Science
• Candidates must have successfully completed at least three Actuarial Exams to be considered for this position
• Experience: 1 – 2 years’ relevant experience within a Pricing or Corporate Actuarial role within Insurance, Investments or Banking is preferred
• Strong analytical and problem-solving skills, with attention to detail
• Proficiency in Microsoft Excel; experience with actuarial software (e.g., Prophet, Moses, R, SAS) will be advantageous
• Effective written and verbal communication skills
• Ability to work collaboratively in a team environment
• Eagerness to learn and grow within the Actuarial profession

End Date: October 18, 2025