Actuarial Manager - Short-Term Insurance

About the role

FNB is recruiting an Actuarial Manager for its Short-Term Insurance division, based in Randburg. The role steers the pricing strategy for personal lines and mentors a high-performing team, combining technical actuarial control with business strategy. It suits an ambitious, nearly qualified actuary who wants to influence the bottom line of one of South Africa's leading financial institutions.

Key responsibilities

• Develop and implement pricing strategies aligned with the bank's budget goals and business objectives
• Apply pricing methodologies, including complex Generalised Linear Models (GLMs), to personal lines products
• Manage a team of actuarial professionals, oversee their development and keep projects on track
• Work with departments such as claims analytics to support growth initiatives
• Manage risks in your area and report accurately and on time on cost-benefit realisations for pricing projects
• Present technical pricing proposals to regulators, forums and executive leadership

Required profile

• BSc degree in Actuarial Science
• Nearly qualified actuary: all core actuarial exams completed, progressing toward Fellowship
• At least 9 years of relevant actuarial experience, including at least 5 years in pricing or actuarial work in short-term insurance
• Strong communication skills to explain technical findings to non-technical stakeholders

Required skills

• Advanced Microsoft Excel
• SQL, Python, R, SAS, Power BI or specialist pricing tools such as Emblem and Radar