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

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.

Key responsibilities

• Assist in building, updating, and validating actuarial pricing models for short-term insurance products (e.g., motor, property, liability, legal and value-added products)

• Support the preparation and analysis of data for pricing reviews, claims experience investigations, burning cost analyses, and profitability assessments

• Contribute to the development of new product features, rating structures, and the review of existing products

• Compile and interpret claims, exposure, and financial data to support pricing and portfolio management decisions

• Assist in monitoring loss ratios, claims frequency and severity trends, and the impact of rate changes on portfolio performance

• Prepare reports and presentations for internal stakeholders, summarising key findings and recommendations

• Collaborate with underwriting, claims, 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, including the Policyholder Protection Rules and premium review requirements

• Participate in ongoing professional development and actuarial exam progress

You will be an ideal candidate if you:

• Have a BSc Degree in Actuarial Science

• An Honours degree in Actuarial Science is preferred.

• Successfully completed at least Five Actuarial Exams

• 2 – 3 years' relevant experience within a Pricing or Corporate Actuarial role within Short-Term Insurance, Insurance, Investments or Banking is preferred

• Short-Term Insurance Pricing experience will be advantageous.

• Strong analytical and problem-solving skills, with attention to detail

• Proficient in Microsoft Excel; experience with statistical and pricing tools (e.g., Power BI, Python, SQL, SAS, R, Emblem/Radar or similar GLM software) will be advantageous

• Effective written and verbal communication skills

• Able to work collaboratively in a team environment

• Eager to learn and grow within the Actuarial profession

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 short-term insurance products across personal and commercial lines

• Inclusive and dynamic team culture

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

#Post
#FNB
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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.

28/08/26