Actuarial Manager

About this role

FNB, part of FirstRand, is hiring an Actuarial Manager for its Short-Term Insurance team in Randburg. You will lead a pricing team and make sure pricing solutions are delivered from start to finish. The role suits someone who wants to sharpen how FNB Short-Term Insurance prices its products.

What you’ll do

• Manage and develop a Short-Term Insurance pricing team, and track its performance against business goals.
• Own pricing projects from planning through to implementation, reporting on cost and benefit as you go.
• Oversee all Short-Term Insurance product pricing, with a focus on personal lines, using techniques from simple portfolio pricing to complex GLMs.
• Manage the full actuarial control cycle: pricing approval, implementation, monitoring and improvements.
• Review testing work and give final sign-off.
• Present pricing proposals based on data analysis to pricing forums and senior stakeholders, and act as the subject matter expert.
• Work across teams on areas such as claims analytics and growth initiatives.

What you need

• BSc degree in Actuarial Science.
• Nearly qualified actuary: you have completed all core actuarial exams and are working towards Fellowship.
• At least 9 years of relevant actuarial work experience, including at least 5 years in a pricing or actuarial team in Short-Term Insurance.
• Strong analytical and problem-solving skills, with attention to detail and the ability to handle complex datasets.
• Proficiency in Microsoft Excel and familiarity with actuarial software such as SQL, SAS, Python, R, Power BI, Emblem, Radar or other GLM software.
• Experience with data visualisation tools (advantageous).
• Strong written and verbal communication skills, with the ability to explain technical findings to non-technical audiences.
• Ability to work independently and within a diverse, cross-functional team.

Is this job for you?

This role suits an experienced actuary who has led pricing work in short-term insurance. You should be comfortable managing people, making decisions on complex data and explaining your findings to senior audiences. If you are close to becoming a fully qualified actuary, this could be a strong next step.

Tips before you apply

• Have your actuarial exam record and your Fellowship progress ready, so you can state exactly which core exams you have completed.
• On your CV, show your years in short-term insurance pricing separately, with examples of pricing projects you led.
• Give examples of the software you have used, such as Emblem, Radar or SAS, and the kinds of models you built with them.

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