Actuarial Specialist II at FNB South Africa

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

• We are currently recruiting for an Actuarial Specialist within the second line actuarial team for FNB Life. The incumbent will be responsible for assisting in the internal second line actuarial function.
• The incumbent will gain exposure to a wide range of Actuarial topics such as experience investigations, pricing, reserving, capital calculations. The role will give a good overall view of the workings of a life company and is ideal for someone with ambition to obtain a practising certificate.

Roles and responsibilities:

• Review of technical provisions, minimum capital requirements and solvency capital requirements
• Technical challenge of assumptions, pricing and valuations
• Review of compliance with Prudential Standards and advise business on how standards apply for new products
• Model validation of pricing and reserving models (both Excel and Prophet models)
• Challenge and review of Actuarial models
• Develop proxy models to validate results
• Produce Actuarial reports for internal and Board committees
• Ad hoc research on Actuarial developments

You will be an ideal candidate if you:

• Have an Actuarial Science degree
• Have completed at least all A100 and A200 exams
• Have 3+ years of relevant experience
• Have experience with Prophet, SAS and SQL
• Are comfortable with data (tables, monitoring, analysis etc)

You will have access to:

• Opportunities to network and collaborate
• Challenging Working
• Opportunities to innovate

End Date: September 3, 2025