Job Description
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 and maintaining sophisticated 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 key findings and strategic recommendations.
Qualifications and Skills
- Minimum qualification: BSc Actuarial degree
- Preferred qualification: BSc Honours Actuarial Science
- Successful completion of at least five Actuarial Exams is required
- Experience: 2–4 years’ 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
- Proficiency in Microsoft Excel, and familiarity with actuarial software (e.g., Prophet, Moses, R, SAS); experience with data visualisation tools is 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
The value we offer you
- Competitive salary and benefits package
- Support for actuarial exam progress and ongoing professional development
- Opportunity to work with experienced actuaries and gain exposure to diverse life insurance products and pricing projects
- Inclusive, dynamic, and supportive team culture
- An opportunity to influence pricing strategy and product innovation
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Job Details
Take note that applications will not be accepted on the below date and onwards, kindly submit applications ahead of the closing date indicated below.
24/01/26
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.