Job Description

To implement the Analytics standards in allocated business units, that contribute to the monetisation of data through the
development and delivery of advanced mathematical models and business principles that find hidden patterns and associations in data used to influence business strategy, inform channel design and make predictions on the behaviour of clients.

Hello Future Data Scientist Manager

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 FirstRand 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 while driving / building on the profitability of existing products

Drive the business successfully in the required direction while also supporting the long term vision

Lead and grow the team

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

Drive the implementation and maintenance of the IFRS17 standard as well as providing technical support to finance and business on the actuarial assumptions underlying the model

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 in conjunction with the Balance Sheet Management function, this includes capital planning on when capital injections will be required throughout the financial year, as well as capital projections that form part of the Own Risk and Solvency Assessment report

Be accountable for the insurance group-wide capital requirements in-line with the regulatory requirements and submitting the returns on a semi-annual basis

Project 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

Monitor the liquidity position of FNB short-term and ensuring that liquidity needs of the company are met on a monthly basis as well as optimising cashflow to ensure that excess cash is deployed optimally for expense settlement while avoiding any early realisation of investment instruments

Monitor reinsurance catastrophe exposures and implied capital requirements based on current reinsurance programmes

Support of the product heads on actuarial matters related to product development and launches

Manage direct reports and providing knowledge support, guidance and serving as first line of review

You will be an ideal candidate if you:

Have experience in SAS / SQL/ResQ coding (or other actuarial reserving software)

Have experience in Stakeholder management including the relevant internal committees as well as regulatory and auditor engagements, while also supporting group wide Projects

Have 6+ years of experience 

Have a degree in Actuarial Science

Are a fellow or associate member of ASSA

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!

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Job Details

Application Closing Date

26/06/24

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.