Job Description

Thank you for your interest in joining our talent community. Please note that this advertisement is not for an active vacancy, and as such you will not receive a decline notice or status update immediately. We are currently gathering applications to build a talent pool for future opportunities. By submitting your application, you will be considered for similar roles that may become available. We appreciate your interest and look forward to potentially working with you in the future.

Hello Future Actuarial Pricing Specialist

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 team in FNB Wealth and Investments, 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:

Analyse information and reports to identify trends, discrepancies and inconsistencies for decision making purposes through, continuous tracking of product profitability and detailed tracking of the entire income statement by understanding of all the levers of profitability and executing appropriately to pull these leversDevelop actionable plans to drive up VNB (Value of new business) and VIF (Value of Inforce business)Break down drivers of VNB and VIF into its individual components and provide strategic direction for the business regarding pricing, campaigns, new product featuresBe comfortable with investments and risk product features. Identify and utilise opportunities for revenue growth to deliver on sales targetsDevelop, encourage and nurture collaborative relationships across area of specialisationProvide input into the development of the tactical strategy and develop and implement a supporting operational strategy

You will be an ideal candidate if you can:

Continuously Analyse /Understand the FNB value proposition (pricing, rewards, product features) relative to the competition and enhance the product to drive market share growth through tacking market share and develop actionable plans to reach our market share targets and continuous tracking and optimization of product sales across channelsWork with the Investment team, Portfolio Management team, Share trading team, Guaranteed products team, Structured products team, Sales team, the CVM team, Fraud team, Marketing team and the Analytics team to drive appropriate actionsManage annual pricing reviews using actuarial models (VNB and VIF)Continuously review and proactively optimize product features by understanding, maintenance and enhancement of various pricing and product systems and processesEngage in projects and initiative management around Pricing (including stakeholder management and engagement, pricing negotiations etc.)Ensure development and continuous value add improvement to operational processes

You will have access to:

Opportunities to network and collaborateA challenging working environmentOpportunities to innovate

We can be a match if you:

Have 3-5 years’ experience in  Product Pricing, Investment and RiskAre an Associate actuary or fully qualified actuaryBuild working relationships across teams and functional lines to enhance work delivery, collaboration and innovationDeliver customer experience excellence in own service delivery aligned to Organisational values and service standards

Apply now if you are interested in taking the next step. We look forward to engaging with you!

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.

Job Details

Application Closing Date

28/02/25

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.