Actuarial Manager | Sandton
The Recruitment Council · Johannesburg, Gauteng
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Start free — we apply for you →- Our client is seeking an Actuarial Manager to lead a team of Actuarial Analysts within the Non-Life Corporate Actuarial team, reporting directly to the Head of Corporate Actuarial.
- In this role, you will drive the delivery of high-quality actuarial solutions that support strategic business objectives by effectively modeling, monitoring, and interpreting key metrics. You will ensure robust processes, maintain compliance with regulatory and governance standards, and provide key insights to senior stakeholders.
Key Responsibilities
- Manage and oversee both solo and group Solvency Assessment and Management SAM calculations and reporting to ensure full regulatory compliance.
- Oversee end-to-end reserving processes, including methodology development, assumption setting, and engaging with business stakeholders on reserve adequacy and changes.
- Drive ongoing IFRS 17 reporting and implementation, ensuring strict alignment with accounting and actuarial standards.
- Work closely with the Head of Actuarial Function HAF and external auditors on SAM, Reserving, and IFRS 17 reviews.
- Support the Risk team in developing and maintaining Enterprise Risk Management ERM frameworks, including ORSA, Risk Appetite, and Stress & Scenario testing.
- Lead, mentor, and develop a team of actuarial analysts, fostering technical excellence, innovation, and accountability.
- Present actuarial insights and recommendations to senior management, Board committees, and key stakeholders to inform strategic decision-making.
- Develop actuarial or statistical models to support pricing, capital management, and business planning.
- Drive continuous improvement initiatives to enhance operational efficiency, automation, and risk mitigation within the actuarial function.
Requirements
- Bachelor of Science in Actuarial Science Required
- 5+ years of actuarial experience.
- 3+ years of actuarial experience within a Short-Term / Non-Life insurance environment.
- 3+ years of experience in reserving, SAM, and IFRS reporting.
- 1+ years of experience in planning and managing resources to deliver predetermined objectives.