Actuarial Manager

Job Description

To manage complex analyses and guiding both junior and senior team members, while maintaining proficiency across various fields. Ensure alignment with strategic objectives by consulting on broader business matters, managing intricate processes, and proposing and implementing diverse work streams. Deliver presentations to the board committee, regulators, and executive committee to support business goals.

Hello, future Actuarial Manager

FNB Short Term is the short - term insurance licence within the FirstRand Group, with a product suite spanning personal lines, commercial lines as well as some niche lines of business. FNB Short Term is growing fast and is looking for someone to help expand and enhance the pricing capability within the Actuarial team.

Key responsibilities

• Develop tactical plans to drive revenue growth.
• Define and facilitate the Business customer service value proposition.
• Reshape, align, and enhance the customer service experience across the business.
• Drive strategic relationships with relevant peers to enable optimisation of the business value chain.
• Analyse information and reports to identify trends, discrepancies and inconsistencies for decision making purposes.
• Provide subject matter expertise and thought leadership in area of expertise.
• Develop tactical strategy and delivery plans in support of functional strategic objectives in partnership with leadership.
• Lead implementation of performance management plan that optimises delivery and builds a culture of recognition and fairness across the business area.
• Ensure development and implementation of the business Transformation plan and creation of an inclusive culture for employees.
• Demonstrate leadership behaviour through personal involvement, commitment, and dedication in support of organisational values.
• Demonstrates advanced technical expertise in a specialized area, along with basic to intermediate proficiency in various other fields. Possesses a thorough understanding of both strategic objectives and broader business considerations.
• Oversee data preparations and manage basic to intermediate analysis conducted by junior team members.
• Perform complex analysis independently and/or oversee complex analysis carried out by senior team members.
• Demonstrate professional judgement in areas of expertise and consult on broader business matters.
• Manage intricate processes and a medium-sized team.
• Establishing and upholding work streams to align with business objectives. Also proficient in proposing ideas and implementing work streams in diverse areas to support business objectives.
• Deliver presentations to the board committee, regulators, broader bank management, and the executive committee.
• Manage corporate the Actuarial team across reserving, capital modelling and IFRS17
• Create frameworks and standards for Corporate actuarial work
• Explore new techniques to enhance existing frameworks

Qualifications and Experience

• Minimum qualification: BSc degree in Actuarial Science
• Nearly Qualified Actuary (completed all core actuarial exams and actively working toward Fellowship)
• Experience: 6 - 10 years relevant experience of which at least 5 years in a Corporate Actuarial (Reserving, Capital Modelling and IFRS 17)
• Intermediate to advanced level of proficiency in SAS and SQL
• Intermediate to advanced level of experience in ResQ is essential
• Intermediate to advanced level of proficiency in Python will be an added advantage.
• Intermediate to advanced level of competence in Microsoft Excel.

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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.

26/03/26