Job Description

The Junior Actuarial Analyst will support the FR Life Insurance Pricing Team in the development and maintenance of pricing models, premium calculations, and product design. The successful candidate will work closely with Senior actuaries and cross-functional teams to deliver accurate, timely, and insightful analysis that underpins our life insurance offerings.

Hello, future Actuarial Specialist I

Role Purpose

• Assist in building, updating, and validating actuarial pricing models for life insurance products
• Support the preparation and analysis of data for pricing studies, experience investigations, and profitability assessments
• Contribute to the development of new product features and the review of existing products
• Compile and interpret statistical and financial data to support pricing decisions
• Prepare reports and presentations for internal stakeholders, summarizing key findings and recommendations
• Collaborate with underwriting, 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
• Participate in ongoing professional development and actuarial exam progress

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

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 life insurance products
• Inclusive and dynamic team culture

Qualifications and Experience

• Minimum qualification: BSc Actuarial degree
• Preferred qualification: BSc Honours Actuarial Science
• Candidates must have successfully completed at least three Actuarial Exams to be considered for this position
• Experience: 1 – 2 years’ relevant experience within a Pricing or Corporate Actuarial role within Insurance, Investments or Banking is preferred
• Strong analytical and problem-solving skills, with attention to detail
• Proficiency in Microsoft Excel; experience with actuarial software (e.g., Prophet, Moses, R, SAS) will be advantageous
• Effective written and verbal communication skills
• Ability to work collaboratively in a team environment
• Eagerness to learn and grow within the Actuarial profession

#Post
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Job Details

Take note that applications will not be accepted on the below date and onwards, kindly submit applications ahead of the closing date indicated below.

28/08/25

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. In order for us to fulfill this purpose, candidates can disclose their disability information on a voluntary basis. The Bank will keep this information confidential unless we are required by law to disclose this information to other parties.