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FirstRand Bank

Banking, corporate finance, and insurance group

Actuarial Specialist 2

Actuarial & Risk ModellingPosted on Nov 9
Full-timeRandburg, South AfricaNo salary listedIn-person

About the Job

Requirements

  • Hold a degree in Actuarial Science.
  • Have completed at least 8 ASSA examinations.
  • Have 4–6 years of actuarial experience.
  • Have proven experience in IFRS 17 financial reporting, regulatory reporting, and reserving.
  • Have experience supporting regulatory submissions and governance committees.
  • Have exposure to SAM, capital, and solvency reporting.
  • Be proficient with SQL, SAS, Python, or similar analytical tools.

Responsibilities

  • Deliver IFRS 17 actuarial reporting and reporting insights.
  • Prepare and review regulatory, statutory, and actuarial reporting outputs.
  • Support internal and external audits through actuarial analysis and documentation.
  • Perform reserving analyses and review technical provisions.
  • Contribute to capital and solvency reporting requirements.
  • Investigate and explain movements in actuarial and financial results.
  • Enhance reporting processes, controls, and actuarial models.
  • Produce reports for management and governance committees.
  • Ensure compliance with regulatory and actuarial standards.
  • Handle data preparation autonomously and conduct basic to intermediate analyses, while executing complex analyses under supervision.
  • Manage independent projects, provide mentorship to junior colleagues, and communicate with stakeholders, including delivering presentations to management committees and executive teams.

Desired Qualifications

  • Relevant experience within Short-Term Insurance is advantageous.
  • Candidates with a combination of Life and Short-Term Insurance IFRS 17 reporting experience will also be considered.

About the Company

FirstRand Bank

Banking, corporate finance, and insurance group

FirstRand Bank is a large South African financial services group that combines three main divisions: FNB, RMB, and Momentum. FNB handles retail and commercial banking, RMB focuses on corporate and investment banking, and Momentum provides insurance. The company’s product lineup spans everyday banking and lending for individuals, corporate and investment banking services for businesses, and life and other insurance products. It differentiates itself by operating as a confederation of specialized divisions under one group, allowing each unit to focus on its core strengths while sharing the group’s financial backing. The goal is to deliver a broad, integrated set of financial services for retail customers, businesses, and insurers across the country and beyond.

Company size
1,001-5,000
Company stage
IPO
Headquarters
Johannesburg, South Africa
Founded
1838

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