Actuarial Assistant Manager

MiWay Insurance Limited; Midrand; Hybrid; ZAR 600,000 - 900,000; Full time

Job summary

A leading insurance company seeks an Actuarial Assistant Manager to drive operational efficiencies across claims, telematics, and procurement. The role involves managing a team, overseeing strategic initiatives, and enhancing business processes. Candidates should bring actuarial expertise, strong leadership, and proficiency in statistical modeling.

Qualifications

• Minimum of 2 years of actuarial experience in short-term insurance.
• Strong understanding of short-term insurance pricing.
• Proven ability to deliver cross-functional improvement initiatives.

Responsibilities

• Manage a team of actuarial analysts and data specialists.
• Lead projects focused on operational enhancements and cost optimisation.
• Develop reporting tools to monitor KPIs and operational performance.

Skills

Statistical modeling

Machine learning

SQL

R/R Shiny

Interpersonal skills

Education

Bachelor’s degree in Actuarial Science

Tools

SQL Server

Oracle

Job description

Join to apply for the Actuarial Assistant Manager: Operational Efficiencies role at MiWay Insurance Limited

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Join to apply for the Actuarial Assistant Manager: Operational Efficiencies role at MiWay Insurance Limited

Who are we?

At MiWay, our purpose is to enable people to live their way. We understand that life is not just about "things" but the meaning that those things bring to your life. We believe that technology and innovation have infinite possibilities when it's inspired by humans by you.

Who are we?

At MiWay, our purpose is to enable people to live their way. We understand that life is not just about "things" but the meaning that those things bring to your life. We believe that technology and innovation have infinite possibilities when it's inspired by humans by you.

Therefore, we focus on our clients' needs; finding new ways to simplify their lives and how they do things.

We give them products, services, and solutions that enable them to live and enjoy life on their own terms – in their own way.

Agile values and principles are strongly embedded in our culture, and they are at the core of how we make decisions and how we approach adding value within the company.

What will you do?

Department: Actuarial: Operational Efficiencies

Reporting to: Actuarial General Manager: Special Projects

Location: MiWay Head Office (Hybrid)

Role Purpose

This role exists to lead and deliver high-impact actuarial initiatives focused on improving operational efficiency across key parts of the business, particularly in Claims, Telematics, and Procurement. The successful candidate will oversee an actuarial team and drive technical and strategic initiatives from conception through implementation, working closely with operational departments, legal, and external providers.

This position offers an opportunity to blend strong actuarial, technical, operational, and strategic thinking to generate tangible business value.

Key Responsibilities

Team Management and Development

• Manage and provide mentorship, guidance, and technical oversight to a team of actuarial analysts and data specialists.
• Foster accountability, consistency, and continuous delivery within the team.
• Promote a culture of ownership, innovation, and business impact.
• Manage stakeholders across multiple departments to ensure delivery momentum on complex, cross-functional projects.
  
  

Operational Efficiency and Claims Initiatives

Lead projects focused on cost optimisation and operational enhancements, such as:

• Procurement effectiveness tracking and analytics.
• Improve and streamline internal operational processes.
  
  

Telematics and SVR (Stolen Vehicle Recovery) Oversight

Drive and monitor value delivery in the telematics space, including:

• Managing relationships with fixed device tracking and SVR providers,
• Optimising lead generation, recovery performance, and guarantee recoveries,
• Building and maintaining robust data environments and SLAs.
  
  

Operational Reporting and Analytics

• Develop advanced reporting and monitoring tools to track KPIs, capacity, and performance.
• Automate management dashboards and tools for departments like Claims, Client Servicing, and Procurement.
• Build operational models for staffing, budgeting, and strategic planning.
  
  

Innovation and Strategic Enablement

• Design and implement models and tools to enhance operational efficiency and surface actionable insights, including provider scorecards and internal web-based applications.
• Lead and scale machine learning and predictive modeling initiatives focused on delivering tangible business value.
• Collaborate with cross-functional teams to scope, prototype, and deploy innovative actuarial solutions.
  
  

Pricing Relevance and Technical Leadership

• Apply deep technical understanding of short-term insurance pricing, including GLMs and non-linear modeling techniques.
• Collaborate with the Pricing team by reviewing and advising on model builds and enhancements, ensuring alignment with operational and strategic priorities.
• Ensure that solutions and initiatives within Operational Efficiencies take pricing structures and risk differentiation into account.
• Use your pricing knowledge to help bridge gaps between technical models and real-world business application, particularly in areas like claims cost management, procurement strategy, and telematics-based value extraction.
  
  

Contracting, Legal and SLA Management

• Engage with Legal to draft, amend, and apply SLAs, ensuring contractual terms are practical, enforceable, and aligned with operational realities.
• Manage performance conversations with external providers and ensure alignment to KPIs and contractual obligations.
  
  

Key Skills and Attributes

• Strong understanding of the short-term insurance value chain end-to-end, with a particular focus on Claims and Pricing.
• Extensive experience in GLMs, statistical modeling, and machine learning.
• Strong ability to prioritise projects based on business value, with the confidence to push back on low-impact initiatives and focus the team’s efforts on high-value opportunities.
• Proven ability to identify business problems, design pragmatic technical solutions, and implement them.
• Excellent SQL (SQL Server, Oracle) and R/R Shiny skills, with the ability to create automated and robust solutions.
• High attention to detail, with the ability to connect seemingly unrelated operational dots to create innovative solutions.
• Strong stakeholder management across business, legal, and external providers.
• Excellent verbal and written communication skills, able to communicate with both executives and operational teams.
• Sound understanding of actuarial and operational best practices in short-term insurance.
• Self-motivated, dependable, and delivery-focused.
  
  

Qualifications

• Bachelor’s degree in Actuarial Science (minimum requirement).
  
  

Experience

• Minimum of 2 years of actuarial experience in short-term insurance essential.
• Experience in operational areas with the application of actuarial and strategic thinking is highly advantageous.
• Strong exposure to both technical modelling and business implementation essential.
• Proven record of delivering cross-functional or operational improvement initiatives.
  
  

Software and Technical Tools

• SQL (SQL Server and/or Oracle) – required
• R and R Shiny – required
• Web-based reporting and dashboarding tools – advantageous
• Familiarity with deployment or implementation coordination with IT/development teams – advantageous
  
  

Knowledge And Skills

Actuarial Problem Solving

Issues management

Business knowledge

Business analysis

Personal Attributes

Self-development - Contributing independently

Interpersonal savvy - Contributing independently

Nimble learning - Contributing independently

Tech savvy - Contributing independently

Core Competencies

Cultivates innovation - Contributing independently

Customer focus - Contributing independently

Drives results - Contributing independently

Collaborates - Contributing independently

Being resilient - Contributing independently

Build a successful career with us

We’re all about building strong, lasting relationships with our employees. We know that you have hopes for your future – your career, your personal development and of achieving great things. We pride ourselves in helping our employees to realise their worth. Through its five business clusters – Sanlam Fintech, Sanlam Life and Savings, Sanlam Investment Group, Sanlam Allianz, Santam, as well as MiWay and the Group Office – the group provides many opportunities for growth and development.

Turnaround time

The shortlisting process will only start once the application due date has been reached. The time taken to complete this process will depend on how far you progress and the availability of managers.

Deadline to apply: 11 July 2025

Our commitment to transformation

At MiWay we believe in cultivating a positive and dynamic working environment that gives you freedom and opportunity to succeed. MiWay is committed to transformation and embracing diversity. This is what drives us to achieve a multicultural workplace with employment equity as a key goal to create an inclusive workforce, reflective of the demographics of our society.

Seniority level

• Seniority level

  Mid-Senior level

Employment type

• Employment type

  Full-time

Job function

• Job function

  Finance and Sales

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