Actuarial Manager

Boardroom Appointments; South Africa; On-site; ZAR 800 000 - 1 200 000; Full time

Job summary

A leading financial services firm in South Africa is seeking an experienced Actuarial Manager to lead a team of Actuarial Analysts. The role will involve managing Solvency Assessment and Management calculations, overseeing reserving processes, and driving IFRS17 implementation. Ideal candidates will have a Bachelor's in Actuarial Science and significant actuarial experience, especially in Short-Term insurance. The position offers opportunities for leadership and strategic input.

Qualifications

• 5 or more years of actuarial experience required.
• 3 or more years' experience in a Short-Term insurance environment is essential.
• 1 or more years planning and managing resources required.

Responsibilities

• Manage solo and group SAM calculations ensuring compliance.
• Oversee end-to-end reserving processes with stakeholders.
• Drive IFRS17 implementation and reporting.

Skills

Actuarial Science knowledge

Resource management

Statistical modeling

Regulatory compliance

Team leadership

Education

Bachelor of Science: Actuarial Science

Tools

ResQ software

Job description

Actuarial Manager: Reserving and Regulatory Capital Management

Join , home to some of South Africas leading financial service providers, and grow your career while being part of an organisation with purpose.

Manage a team of Actuarial Analysts within the Non-Life Corporate Actuarial team, reporting to the Head of Corporate Actuarial. The role is responsible for driving the delivery of high-quality actuarial solutions that support strategic business objectives by effectively modelling, monitoring and interpreting key metrics. This includes ensuring robust processes, providing insights to senior stakeholders, and maintaining compliance with regulatory and governance standards.

Responsibilities

• Manage and oversee both solo and group Solvency Assessment and Management (SAM) calculations and reporting, ensuring compliance with regulatory requirements.
• Oversee end-to-end reserving processes, including methodology development, assumption setting and engagement with business stakeholders on reserve adequacy and changes
• Drive IFRS17 implementation and ongoing reporting, ensuring alignment with accounting and actuarial standards
• Working closely with the HAF and auditors on SAM, Reserving and IFRS17 reviews
• Supporting the Risk team in developing and maintaining 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 other stakeholders to inform strategic decision making.
• Develop actuarial or statistical models to support pricing, capital management and business planning
• Drive continuous improvement initiatives, enhancing operation efficiency, automation and risk mitigation withing the actuarial function

Qualifications

• Bachelor of Science: Actuarial Science (Required)
• 5 or more actuarial experience (Essential)
• 3 or more years' actuarial experience within a Short-Term insurance environment (Essential)
• 1 or more years experience of planning and managing resources to deliver predetermined objectives as specified by more senior managers (Essential)
• 3 or more years experience in reserving, SAM and IFRS reporting (Essential)
• Experience in ResQ software (Advantageous)Actuarial Manager