Actuary

Communicate Recruitment; Johannesburg; On-site; ZAR 1,500,000 - 1,600,000; Full time

Job summary

Communicate Recruitment is seeking an experienced Business Development Actuary for Johannesburg to drive growth in Life Insurance and Reinsurance offerings. This leadership role combines deep actuarial expertise with strategic business development across individual and group markets.

You will lead pricing initiatives, build analytical tools, mentor teams, and work closely with senior leadership to shape the portfolio’s direction and profitability.

Qualifications

• Fellowship with the actuarial body (FASSA or FIA).
• 8+ years of actuarial experience, preferably in life insurance or reinsurance.
• 3+ years post-qualification experience.
• Strong pricing, modelling and risk-assessment knowledge.
• Experience with IFRS 17, reserving and capital management is advantageous.

Responsibilities

• Lead the development and expansion of Life Insurance and Reinsurance business lines.
• Drive pricing excellence through actuarial and analytical frameworks.
• Develop and enhance pricing tools for life products.
• Provide actuarial leadership, guidance, and mentorship.
• Support business development, client engagement and relationship management.
• Conduct experience investigations, portfolio analysis and performance monitoring.
• Participate in reserve reviews, ORSA processes and IFRS 17 valuations.
• Analyse financial and actuarial data to support strategic decisions.
• Identify growth opportunities and contribute to long-term strategy.
• Deliver insights to senior stakeholders and clients.
• Assist recruitment and performance management of actuarial professionals.

Skills

Analytical skills

Leadership

Stakeholder engagement

Communication

Team development

MS Office

Programming

Education

FASSA or FIA

Job description

Business Development Actuary | Group Life Insurance

Johannesburg, Gauteng

Salary: R1,5mil - R1,6mil per annum

Are you a qualified actuary looking to combine your technical expertise with strategic business development? An exciting opportunity has become available for an experienced Business Development Actuary to play a pivotal role in the growth and expansion of Life Insurance and Reinsurance solutions across individual and group business markets.

About the Role

This position offers the opportunity to lead the development and implementation of new business initiatives while driving profitability, pricing excellence, and sustainable growth. Working closely with senior leadership, you will influence strategic decision-making and help shape the future direction of a growing life insurance portfolio.

Key Responsibilities

• Lead the implementation and expansion of Life Insurance and Reinsurance business lines.
• Drive pricing excellence through robust actuarial and analytical frameworks.
• Develop and enhance pricing tools for individual and group life products.
• Provide actuarial leadership, technical guidance, and mentorship to internal teams.
• Support business development, client engagement, and relationship management initiatives.
• Conduct experience investigations, portfolio analysis, and performance monitoring.
• Participate in reserve reviews, ORSA processes, and IFRS 17 valuations.
• Analyse financial and actuarial data to support commercial and strategic decisions.
• Identify growth opportunities and contribute to long-term business strategy.
• Deliver presentations and insights to senior stakeholders and clients.
• Assist in the recruitment, development, and performance management of actuarial professionals.

Requirements

Qualifications

• Fellow of the Actuarial Society of South Africa (FASSA) or Fellow of the Institute and Faculty of Actuaries (FIA)

Experience

• Minimum 8 years' actuarial experience, ideally within Life Insurance or Reinsurance.
• At least 3 years' post-qualification experience.
• Strong understanding of pricing methodologies, actuarial modelling, and risk assessment.
• Exposure to IFRS 17, reserving, and capital management would be advantageous.

Key Competencies

• Strong analytical and technical skills.
• Commercial mindset with a passion for business growth.
• Excellent communication and stakeholder engagement abilities.
• Leadership, coaching, and team development capabilities.
• Self-driven, proactive, and solutions-oriented.
• Strong planning and prioritisation skills.
• Advanced proficiency in Microsoft Office.
• Programming experience would be beneficial.

Why Apply?

This is an exceptional opportunity for an ambitious actuarial professional who enjoys operating at the intersection of technical excellence, commercial strategy, and relationship management. You'll have the opportunity to influence business growth, work with senior stakeholders, and contribute to the evolution of a dynamic Life Insurance and Reinsurance business.