First National Bank (FNB; Afrikaans: Eerste Nasionale Bank (ENB)) is one of South Africa’s “big four” banks. It is a division of FirstRand, a large financial services conglomerate, which trades on the Johannesburg Securities Exchange (JSE), under the symbol: FSR. FNB is also listed on the Botswana Stock Exchange under the symbol FNBB and is a constituent of the BSE Domestic Company Index.
Job Overview
- To autonomously handle data preparation and conduct basic to intermediate analyses, while executing complex analyses under supervision. Managing independent projects, providing mentorship to junior colleagues, and effectively communicating with stakeholders, including delivering presentations to management committees and executive teams.
Responsibilities
- Lead and support the development, updating, and validation of actuarial pricing models for a diverse range of life insurance products across Africa.
- Conduct complex data preparation and analysis for pricing studies, experience investigations, and profitability assessments specific to various African markets.
- Drive the development of new product features and provide critical reviews of existing products, incorporating market-specific insights and emerging trends.
- Compile, interpret, and communicate statistical and financial data to underpin robust pricing decisions, tailoring analysis for different territories and regulatory environments.
- Prepare comprehensive reports and presentations for internal stakeholders, summarising key findings and strategic recommendations for pricing across Africa.
- Implement and monitor regulatory requirements and compliance standards relevant to pricing activities in multiple African jurisdictions.
Benefits
- Competitive salary and benefits package
- Support for actuarial exam progress and ongoing professional development
- Opportunity to work with experienced actuaries and gain exposure to diverse life insurance products and pricing projects across Africa
- Inclusive, dynamic, and supportive team culture
- Chance to influence pricing strategy and product innovation for multiple African markets
Qualification
- BSc Actuarial degree
- Preferred qualification: BSc Honours Actuarial Science
- Successful completion of at least five Actuarial Exams is required
- Experience: 2–4 years’ relevant experience within Pricing or Corporate Actuarial roles in Insurance, Investments, or Banking, with exposure to African markets strongly preferred
- Strong analytical and problem-solving skills, with meticulous attention to detail and the ability to handle complex datasets
- Proficiency in Microsoft Excel, and familiarity with actuarial software (e.g., Prophet, Moses, R, SAS); experience with data visualisation tools is advantageous
- Effective written and verbal communication skills, with the ability to present technical findings to non-technical audiences
- Proven ability to work independently and collaboratively in a diverse, cross-functional team environment
- Keen interest in continuous learning and professional growth within the actuarial profession
Method of Application
Meet the qualifications?
Apply now at FNB South Africa on firstrand.wd3.myworkdayjobs.com