Executive Actuary - Business Development Strategic Growth

Rand Mutual - RMA; Parktown (NC); Hybrid; USD 130,000 - 160,000; Full time

Benefits offered by this job

Competitive salary package

Flexible work arrangements

Opportunities for personal and professional development

Job summary

Rand Mutual - RMA is seeking an Executive Actuary for Business Development and Strategic Growth. This leadership role involves driving strategic decision-making, identifying growth opportunities, and influencing market strategies to enhance shareholder value.

The ideal candidate will have a postgraduate qualification in Actuarial Science or a related field, 10–15 years of experience, and a strong track record in strategic partnerships and innovation. A competitive salary and flexible work arrangements are offered, along with opportunities for professional development.

Qualifications

• 10–15 years' experience in actuarial, commercial, strategy or business development environments.
• Proven ability to influence strategic business decisions.
• Experience in growth strategy, commercial evaluation, and business case development.

Responsibilities

• Identify and evaluate strategic growth opportunities across RMA.
• Develop business development strategies aligned to RMA's long‑term growth objectives.
• Lead commercial and actuarial assessment of new business opportunities.

Skills

Leadership

Commercial acumen

Analytical skills

Strategic thinking

Education

Postgraduate qualification in Actuarial Science, Mathematics, Statistics, Economics or Finance

Qualified Actuary

MBA or equivalent postgraduate business qualification

Job description

Job Description

To provide strategic actuarial leadership in identifying, evaluating, developing and commercialising growth opportunities across RMA's insurance, healthcare, asset management and adjacent market ecosystems.

The role is accountable for leveraging actuarial, commercial and strategic expertise to support the expansion of existing markets, identify new revenue streams, develop innovative business opportunities, assess strategic partnerships, and enhance shareholder value through sustainable growth initiatives.

Acting as a trusted advisor to executive leadership, the Executive Actuary: Business Development & Strategic Growth combines analytical rigour with commercial acumen to drive strategic decision‑making, influence enterprise growth strategies, and support RMA’s long‑term ambitions within both traditional and emerging markets.

What will you do?

Strategic Business Development

• Identify and evaluate strategic growth opportunities across RMA and adjacent markets.
• Develop business development strategies aligned to RMA's long‑term growth objectives.
• Support diversification initiatives through market expansion and innovation.
• Monitor industry developments and emerging trends to identify future opportunities.
• Provide strategic recommendations to executive leadership regarding growth priorities.

Opportunity Identification and Assessment

• Lead commercial and actuarial assessment of new business opportunities.
• Develop and evaluate business cases for new products, partnerships and market opportunities.
• Assess commercial viability, profitability, scalability and strategic fit of opportunities.
• Conduct scenario modelling and financial forecasting to support decision‑making.
• Evaluate risks and returns associated with strategic growth initiatives.

Strategic Partnerships and Ecosystem Development

• Identify and cultivate strategic partnerships that support growth objectives.
• Assess partnership opportunities from both commercial and actuarial perspectives.
• Support negotiation and structuring of strategic agreements.
• Develop ecosystem‑based growth opportunities that strengthen RMA's market position.
• Collaborate with executive leaders to establish mutually beneficial partnerships.

Product and Proposition Innovation

• Support the development of innovative insurance, healthcare and financial solutions.
• Identify opportunities to enhance existing product offerings.
• Collaborate with product, actuarial and commercial teams to commercialise new propositions.
• Evaluate customer needs and market gaps to inform innovation priorities.
• Drive data‑informed decision‑making regarding future product investments.

Commercial Growth and Value Creation

• Support achievement of revenue growth and profitability objectives.
• Identify opportunities to improve customer value and market penetration.Drive initiatives that enhance shareholder value and long‑term sustainability.
• Assess acquisition, joint venture and strategic investment opportunities where relevant.
• Provide actuarial insight into commercial decision‑making processes.

Executive Stakeholder Engagement

• Engage with executive leadership on strategic growth opportunities.
• Present business cases and recommendations to Exco, Board Committees and senior stakeholders.
• Influence strategic decisions through evidence‑based analysis and commercial insight.
• Build strong relationships across business units to facilitate collaboration.
• Represent RMA in strategic discussions with external stakeholders where appropriate.

People Leadership and Capability Development

• Lead and develop specialist teams where applicable.
• Foster a culture of innovation, curiosity and commercial thinking.
• Mentor actuarial and commercial talent in strategic growth disciplines.
• Build organisational capability in opportunity assessment and commercial analytics.
• Promote collaboration across actuarial, commercial and product teams.

Job Requirements

• Postgraduate qualification in Actuarial Science, Mathematics, Statistics, Economics, Finance or related field.
• Qualified Actuary
• MBA or equivalent postgraduate business qualification advantageous.
• 10–15 years' experience within actuarial, commercial, strategy or business development environments.
• Demonstrated experience in growth strategy, commercial evaluation, business case development or corporate strategy.
• Experience operating at executive or senior leadership level.
• Proven ability to influence strategic business decisions.
• Experience within insurance, financial services, healthcare or asset management environments preferred.
• Experience evaluating strategic partnerships, acquisitions or growth opportunities advantageous.

What will you get in return?

We offer great opportunities for personal and professional development in a stable company that’s 133 years strong. The role comes with a competitive salary package and various benefits. Flexible work arrangements (combination of remote and in the office). Furthermore, you will be a part of a dedicated group of colleagues who value teamwork and collaboration.

Our Commitment to Transformation

In accordance with the employment equity plan of Rand Mutual Assurance and its employment equity goals and targets; preference may be given, but is not limited, to candidates from under‑represented designated groups.