Job DescriptionBe responsible for all corporate actuarial / Reserving / Capital / IFRS 17 activities for FNB Short-term as well as providing actuarial support 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 people that make it happen.
As part of our talent team at FNB Short Term Insurance, you will be surrounded by unique talents, diverse minds, and an adaptable environment that lives up to the promise of staying curious. Now's the time to imagine your potential in a team where experts come together and ignite effective change.
Are you someone who can: Develop the valuation basis for new product launches (commercial lines) while driving / building on the profitability of personal lines.
Review the previously set valuation basis for launched products and setting new basis assumptions to calculate technical provisions for the purposes of financial reporting on a monthly basis and for financial year-end reporting as well as implementing reserve monitoring.
Be accountable for the capital requirements on a quarterly and annual basis as required by the Prudential Authority and hence submitted for regulatory purposes.
Undertake capital requirement projections to ensure annual capital planning for the entity.
Be accountable for the insurance group-wide capital requirements in-line with the regulatory requirements and submitting the returns on a semi-annual basis.
Projecting the actuarial sections of the financial budgets and re-forecasting on a monthly basis based on actuals to date and any revised expectations of future assumptions.
Provide support to and accountable for stakeholder engagement across the product / pricing / actuarial teams on actuarial matters
Statutory capital calculations and reserving and producing reports to senior management.
Reserving for all major lines of businesses.
IFRS 17 operational requirements.
Enhance and build new processes.
Management of the relevant projects.
You will be an ideal candidate if you: Have experience in technical modelling and coding, including and varying across the use of SAS / SQL/ResQ (or other actuarial reserving software)
Have experience in reserving
Have experience in IFRS17
Have a degree in Actuarial Science
Have 6+ years of experience in corporate actuarial
You will have access to: Opportunities to network and collaborate
Challenging Working
Opportunities to innovate
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
Obsessed with mastery - you know what it takes to become good at what you do and are constantly pushing yourself to do it
Are you interested to take the step? We look forward to engaging with you further. Apply now! #Post
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Job Details Application Closing Date
05/06/24 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. 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.
Introduce yourself to our recruiters and we will get in touch if there's a role that seems like a good match.
Should you have any queries, please log it via MyQ .
About UsServing retail and commercial customers, FNB is so much more than a bank, offering life and short-term insurance, innovative savings and investment products, and a digital universe of solutions that help customers navigate challenges and opportunities of everyday life. It has a market-leading app and a globally recognised rewards system in eBucks. FNB has won multiple awards, including the Strongest Banking Brand in the World in the Brand Finance Banking 500 2023 report. FNB represents multiple opportunities for you to build an exciting and rewarding career. Especially if you want to change people's lives, in an authentic, profound and sustainable way.
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