Actuarial Specialist I

2 days ago

Johannesburg, South Africa FirstRand Full time

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.

Hello, future Actuarial Specialist I

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
- 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

Post
FNB
LI-AR2

Job Details

18/10/25

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