Actuarial Manager

Discovery Limited; Johannesburg; On-site; ZAR 1,200,000 - 1,800,000; Full time

Job summary

Discovery Limited in Johannesburg is seeking a high-caliber Actuarial Manager to lead a dynamic team of Actuarial Analysts within the Non-Life Corporate Actuarial division. Reporting directly to the Head of Corporate Actuarial, you will drive end-to-end reserving, regulatory capital modeling (SAM), and IFRS 17 reporting.

If you are a technical authority who thrives on translating complex actuarial metrics into actionable business strategy, this role is built for you and offers strategic

Qualifications

• BSc in Actuarial Science required.
• 5+ years actuarial experience, including 3+ years in Non-Life.
• 3+ years Reserving, SAM, and IFRS 17 exposure.
• 1+ year in management or resource planning.

Responsibilities

• Lead and develop a high-performing team of Actuarial Analysts.
• Oversee end-to-end reserving processes, with methodology development and stakeholder engagement.
• Direct Solvency Assessment and Management (SAM) calculations and reporting.
• Drive IFRS 17 delivery across accounting and actuarial functions.
• Engage with Head of Actuarial Function, external auditors, and Risk teams.
• Present insights and modelling outcomes to senior management and Board committees.
• Advance automation and model enhancements across pricing, capital and planning models.

Skills

Leadership

Actuarial Expertise

Reserving

IFRS 17

SAM

Stakeholder Engagement

Modeling

Education

BSc in Actuarial Science

Tools

ResQ

Job description

Position Type: Permanent

Industry: Financial Services / Non-Life Insurance

About the Client

Our client is a premier, household-name financial services group housing several of South Africas leading insurance brands. Known for driving purpose-led innovation and technical excellence, they offer an environment where senior actuarial professionals can directly influence strategic decisions, lead top-tier talent, and accelerate their careers.

The Opportunity

We are seeking a high-caliber Actuarial Manager to lead a dynamic team of Actuarial Analysts within the Non-Life Corporate Actuarial division. Reporting directly to the Head of Corporate Actuarial, you will drive the end-to-end delivery of robust reserving, regulatory capital modeling (SAM), and IFRS 17 reporting.

If you are a technical authority who thrives on translating complex actuarial metrics into actionable business strategy, this role is built for you.

Key Responsibilities

• People Leadership: Lead, mentor, and develop a high-performing team of Actuarial Analysts fostering technical excellence, innovation, and accountability.
• Reserving & Methodology: Oversee end-to-end reserving processes, driving methodology development, assumption setting, and stakeholder engagement on reserve adequacy.
• Regulatory & Capital Management: Direct both solo and group Solvency Assessment and Management (SAM) calculations and reporting in full compliance with standards.
• IFRS 17 Excellence: Drive the ongoing delivery and alignment of IFRS 17 frameworks across accounting and actuarial functions.
• Stakeholder Engagement: Partner closely with the Head of Actuarial Function (HAF), external auditors, and Risk teams (supporting ERM, ORSA, Risk Appetite, and Stress Testing).
• Strategic Influence: Present key insights, modeling outcomes, and strategic recommendations to senior management and Board committees.
• Continuous Improvement: Advance operational efficiency, automation, and model enhancements (including pricing, capital, and business planning models).

Requirements & Qualifications

• Education: BSc in Actuarial Science (Required).
• Experience:
  • 5+ years of total actuarial experience (Essential).
  • 3+ years in a Non-Life / Short-Term Insurance environment (Essential).
  • 3+ years focused on Reserving, SAM, and IFRS 17 reporting (Essential).
  • 1+ years in management/resource planning to deliver strategic business objectives (Essential).
• Software: Experience with ResQ is highly advantageous.

Why Apply?

• Strategic Visibility: Direct access and presentation responsibilities to senior leadership and Board committees.
• Comprehensive Scope: A balanced, high-impact portfolio covering SAM, Reserving, IFRS 17, and ERM.
• Growth Culture: Join a business committed to continuous improvement, automation, and investing in its people.