Actuarial Manager

To manage complex analyses and guiding both junior and senior team members, while maintaining proficiency across various fields. Ensure alignment with strategic objectives by consulting on broader business matters, managing intricate processes, and proposing and implementing diverse work streams. Deliver presentations to the board committee, regulators, and executive committee to support business goals.

Hello, future Actuarial Manager (Short-Term Insurance Pricing)

Role purpose

To manage a Short-Term Insurance pricing team and ensure effective end to end delivery of pricing solutions related to specific products or services. This position is ideal for candidates with relevant actuarial experience who are ready to enhance FNB Short Term Insurance’s pricing techniques and contribute to strategic pricing initiatives.

BSc degree in Actuarial Science

Nearly Qualified Actuary (completed all core actuarial exams and actively working toward Fellowship)

A minimum of 9 years relevant Actuarial work experience of which at least 5 years in a Pricing or actuarial team within Short Term Insurance

Strong analytical and problem-solving skills, with meticulous attention to detail and the ability to handle complex datasets

Proficiency in Microsoft Excel, and familiarity with actuarial software (e.g., SQL, SAS, Python, R, Power BI, Emblem, Radar or other GLM software)

Experience with data visualisation tools will be advantageous

Effective written and verbal communication skills, with the ability to present technical findings to non-technical audiences

Proven ability to work independently and collaboratively in a diverse, cross-functional team environment

Contribute to and influence Pricing strategies and budget goals across allocated Pricing Function through the provision of quantitative analytical insight in delivery of business strategy

Display and encourage an appreciation of teamwork and inclusivity

Develop, encourage and nurture collaborative relationships across area of specialisation

Manage team performance in achievement of business objectives

Participate in planned activities that are appropriate for own and employee development

Manages risks in own area of responsibility

Ensure development and continuous value add improvement to operational processes

Build working relationships across teams and functional lines to enhance work delivery, collaboration and innovation

Deliver customer experience excellence in own service delivery aligned to Organisational values and service standards

Assess and manage pricing projects, provide advice and report on progress in terms of cost and benefit realisation

Attend to and resolve pricing queries and refunds as and when required s

Serve as subject matter expert (SME) and communicate pricing proposals based on data analysis to relevant pricing forums for approval

Oversee and review testing and provide required sign off

Oversee pricing across the value chain and within area of responsibility in delivery against business strategy

Drive the implementation and adoption of the Pricing strategy within area of accountability

Oversee all Short-Term Insurance product pricing with emphasise on personal lines

Apply a range of pricing techniques from simple portfolio pricing to complex GLM's

Responsible for the entire actuarial control cycle, Pricing approval, implementation, monitoring and enhancements

Candidate will be involved in a range of functions across the business beyond pure pricing including claims analytics and initiatives to help growth initiatives.