Join FNB as an Actuarial Analyst - Your Next Big Opportunity!

Job Description:

Take command of all corporate actuarial, reserving, capital, and IFRS 17 activities for FNB Short-term. Provide essential actuarial support to FNB Short-term, Namibia, and FRISCOL.

Hello Future Actuarial Analyst

Welcome to FNB, the home of the #changeables. We design for the shapeshifters and deliver products and services that make us incredibly proud of the people who make it happen.

As part of our talented team at FNB Short Term Insurance, you will be surrounded by unique talents, diverse minds, and an adaptable environment that stays curious and innovative. Now’s the time to unlock your potential in a team where experts come together to ignite effective change.

Key Responsibilities:

• Develop the valuation basis for new product launches (commercial lines) and build on the profitability of personal lines.
• Review previously set valuation bases, setting new assumptions to calculate technical provisions for financial reporting on a monthly and annual basis, and implement reserve monitoring.
• Accountable for capital requirements on a quarterly and annual basis as required by the Prudential Authority, and submit for regulatory purposes.
• Project capital requirements to ensure annual capital planning for the entity.
• Accountable for insurance group-wide capital requirements, in line with regulatory standards, with semi-annual returns.
• Project the actuarial sections of the financial budgets and re-forecasting on a monthly basis based on actuals and future assumptions.
• Support and engage stakeholders across product, pricing, and actuarial teams on actuarial matters.
• Perform statutory capital calculations, reserving, and reporting to senior management.
• Reserving for all major lines of business.
• Meet IFRS 17 operational requirements.
• Enhance and develop new processes.
• Manage relevant projects efficiently.

Ideal Candidate Profile:

• Experienced in technical modeling and coding, with proficiency in SAS, SQL, ResQ, or other actuarial reserving software.
• Experience in reserving and IFRS 17.
• Hold a degree in Actuarial Science.
• A minimum of 6+ years of experience in corporate actuarial roles.

What We Offer:

• Opportunities to network and collaborate.
• Challenging work environment that pushes you to excel.
• Innovation-driven culture.

If you are curious, courageous, and obsessed with mastery, we could be the perfect match. Dive into an opportunity where your passion and skills will be nurtured and celebrated.

Ready to Take the Step?

We look forward to engaging with you further.

#Post #FNB #LI-GJ1

Job Details

Application Closing Date: 14/06/24

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. Voluntary disclosure of disability information is encouraged, and confidentiality will be maintained unless legally required to disclose.

Company Name: FirstRand Corporate Centre

Job Title: Actuarial Analyst