Corporate Actuarial Head

Direct actuarial analytical team and activities of a department specific function or area (e.g., supervision of actuarial students and clerical staff). The Corporate Actuarial Head is a business leadership role responsible for managing the actuarial valuations teams that perform production and analysis work on the SAM, IFRS, Tax and profitability balance sheets.

• Lead and manage actuarial teams (reserving, capital, pricing, reporting).
• Oversee the model development, reporting cycles, capital modelling, and analytics.
• Provide actuarial insights to the business and executives.
• Manage people, budgets, and operational efficiency.
• Drive strategy from an actuarial perspective.
• Ensure the organization meets business and performance objectives.

• Fellow of ASSA (Actuarial Society of South Africa) or FIA/FIAA/FCAS/FSA.
• Bachelor's or Honors degree in Actuarial Science, Mathematics, Statistics, Finance, or Risk Management.
• A Master's degree is advantageous in Actuarial Science, Applied Mathematics, Financial Engineering.
• Typically 10-15+ years actuarial experience within life insurance, short-term insurance, or financial services.
• Extensive experience in: capital modelling, reserving, pricing, IFRS17 / SAM / Solvency II, actuarial reporting and oversight.
• Deep understanding of Prudential Authority and SAM requirements; IFRS17 reporting standards, forecasting and market reporting.
• Risk and capital frameworks; audit and governance processes.
• Strong background in leading actuarial teams and managing complex actuarial functions.
• Familiarity with actuarial modelling software and analytics tools (Prophet, R, Python, SQL, etc.).
• Strong understanding of insurance risk drivers: underwriting, credit, market, operational.
• Ability to assess financial implications of strategic decisions and manage balance sheet impacts and capital efficiency discussions.

• Adaptable and curious; proven track record; thrive in a collaborative environment; detail-oriented; proactive and accountable; calm under pressure; collaborative mindset; flexible and adaptable in a dynamic work environment.

Apply now if you are interested in taking the next step. 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. Candidates may disclose disability information on a voluntary basis; information will be kept confidential unless disclosure is required by law.