Actuarial Manager: Capital & Strategy Lead

Discovery Limited; South Africa; On-site; ZAR 1,200,000 - 2,000,000; Full time

Job summary

Discovery Limited seeks an Actuarial Manager in Discovery Insure to lead capital management, ORSA, and regulatory reporting. The role involves shaping the capital plan, steering the internal economic capital model, and advising on dividend capacity and risk-based decision-making across governance forums.

The ideal candidate is a qualified or near-qualified actuary with 4–6 years in short-term insurance capital exposure, strong analytical and stakeholder leadership skills, and proficiency in SQL,

Qualifications

• Matric is essential.
• Bachelor’s degree in Actuarial Science is essential.
• FASSA designation preferred.
• F103/F203 designations preferred.
• 4–6 years short-term insurance experience with capital exposure is essential.

Responsibilities

• Lead the capital function activities including IFRS income statement projections and SAM balance sheet.
• Oversee ORSA process, stress tests and risk appetite monitoring.
• Develop and maintain internal capital models and relate to SCR.
• Coordinate regulatory solvency submissions and governance papers.
• Partner with Finance, Risk, Investments and Operations to align data and methodologies.

Skills

SAM modelling

ORSA experience

Economic capital

Financial projection

Commercial mindset

Excel/MS Office

SQL/Python/R

Prudential standards

Actuarial notes

People management

Analytical skills

Education

Matric

Bachelor’s in Actuarial Science

FASSA preferred

F103/F203 preferred

Job description

Discovery Limited seeks an Actuarial Manager in Discovery Insure to lead capital management, ORSA, and regulatory reporting. The role involves shaping the capital plan, steering the internal economic capital model, and advising on dividend capacity and risk-based decision-making across governance forums.

The ideal candidate is a qualified or near-qualified actuary with 4–6 years in short-term insurance capital exposure, strong analytical and stakeholder leadership skills, and proficiency in SQL,