ACTUARIAL MANAGER

Wellness; Johannesburg; On-site; ZAR 1,000,000 - 1,800,000; Full time

Job summary

ASI Financial Services in Johannesburg seeks an experienced Actuarial Manager to lead risk evaluation and underwriting of commercial insurance, while supporting growth and profitability.

You will oversee IAS 19 valuations, pricing inputs, model development, and governance. The role requires leadership of analysts and delivery of clear, client-focused actuarial insights, with exposure to data platforms and automation tooling.

Qualifications

• Near or fully qualified actuary with FIA/FFA/FASSA/AMASSA or equivalent progression.
• Minimum five years’ actuarial experience, preferably in healthcare, medical schemes, employee benefits, consulting or financial services.
• CMS accreditation and regulatory eligibility (where applicable) or progress toward.
• Strong knowledge of SA healthcare, medical schemes and employee benefits landscape and regulations.

Responsibilities

• Lead IAS 19 post-employment healthcare valuation and related actuarial reporting.
• Provide input into healthcare, medical schemes and employee benefits pricing and benchmarking.
• Develop and maintain actuarial models, dashboards and Python-based analytics workflows.
• Translate findings into clear, commercially relevant client insights.
• Support new business, tenders, renewals with actuarial evidence-based value propositions.
• Strengthen governance through peer review, documentation and audit trails.
• Embed governance, cyber resilience and information security in actuarial processes.
• Mentor actuarial analysts and manage work allocation, feedback and development.
• Identify automation opportunities using Power Platform and Python.
• Draft and maintain actuarial, data governance and resilience policies.

Skills

Analytical thinking

Leadership

Client communication

Project management

Education

Actuarial professional qualifications (FIA/FFA/FASSA/AMASSA)

Degree in actuarial science or related field; honours/postgraduate

Tools

Excel

Power BI

DAX

Python

Actuarial modelling tools

Power Automate/Power Apps

Job description

ASI Financial Services is looking for an experienced and results-driven Actuarial Manager to join our growing team. The successful candidate will be responsible for evaluating and underwriting commercial insurance risks, ensuring sound risk selection while supporting business growth and profitability.

Responsibilities

• Lead IAS 19 post-employment healthcare liability valuations, long-term funding assessments and related actuarial reporting
• Provide technical input into healthcare, medical scheme and employee benefits consulting — including pricing, benefit design, scheme benchmarking and strategic market reviews
• Develop and maintain actuarial models, Power BI dashboards, DAX measures, Python-based analytical workflows and management information systems
• Translate actuarial findings into clear, commercially relevant insights for clients, consultants and executives
• Support new business, tenders, renewals and retention initiatives with actuarial insight and evidence-based value propositions
• Strengthen actuarial governance through peer review, model validation, documentation, audit trails and alignment with professional standards
• Embed GRC, cyber resilience and information security considerations into actuarial processes
• Manage, mentor and develop actuarial analysts — including work allocation, quality review, coaching and performance feedback
• Identify and implement automation opportunities using Power Automate, Power Apps, Python and Copilot Premium
• Contribute to the drafting and maintenance of actuarial, data governance and operational resilience policies

Qualifications and Experience

• Near or fully qualified actuary — FIA, FFA, FASSA, AMASSA or equivalent progression
• Relevant degree in actuarial science, mathematical statistics, economics, finance or a related quantitative field; honours or postgraduate qualification preferred
• Minimum five years’ relevant actuarial experience, preferably in healthcare, medical schemes, employee benefits, consulting or financial services
• Strong working knowledge of the South African healthcare, medical scheme and employee benefits landscape, including applicable legislation and regulatory requirements
• Completed or eligible for CMS accreditation and relevant Key Individual or intermediary regulatory requirements where applicable

Technical Skills

• High proficiency in Excel, Power BI, DAX, Python, actuarial modelling tools and data visualisation platforms
• Experience with Power Automate, Power Apps or other low-code automation tools advantageous
• Working knowledge of data warehousing, governed datasets, Microsoft Power Platform and Copilot Premium
• Familiarity with ISMS principles, JS1/JS2 control frameworks, POPIA, cyber security awareness and GRC frameworks as they apply to actuarial data and reporting
• Analytically rigorous with strong actuarial judgement and an eye for detail
• Able to convert complex analysis into clear business and client-level insights
• Client-centric and commercially aware, with a focus on measurable value creation
• A natural leader and coach who builds capability in others
• Digitally fluent and improvement-minded — you see automation and data opportunities and act on them
• Resilient, adaptable and able to prioritise effectively in a fast-moving environment
• Committed to governance, professional conduct and high-quality delivery