Actuarial Analyst

Network Recruitment; Wes-Kaap; On-site; ZAR 600 000 - 900 000; Full time

Job summary

A leading company in the insurance and financial services sector is seeking an Actuarial Consultant to join their dynamic team. The role involves supporting actuarial audits, reviewing technical provisions, and assisting clients with IFRS 17 implementation. Ideal candidates will be qualified or nearly qualified actuaries with strong analytical skills and experience in actuarial audit support.

Qualifications

• Strong experience in actuarial audit support in insurance or retirement funds.
• Technical understanding of IFRS 17, IAS 19, and reserving.
• Experience with actuarial or analytics tools.

Responsibilities

• Support actuarial audits for life and general insurers.
• Review technical provisions and draft formal reports.
• Assist clients with IFRS 17 implementation.

Skills

Analytical Thinking

Business Writing

Project Management

Education

Qualified or nearly qualified actuary

Tools

Prophet

SQL

Python

SAS

Power BI

MATLAB

Job description

Actuarial Consultant – Insurance & Financial Services

Are you a nearly or newly qualified actuary looking to deepen your experience across a diverse portfolio of clients in insurance, healthcare, and retirement funding? This is your chance to join a dynamic, high-performing team that works at the cutting edge of actuarial, audit, and risk management solutions.

What You’ll Be Doing:

You'll work on a broad range of technical and consulting engagements, including:

• Supporting actuarial audits for life and general insurers, medical schemes, and retirement funds.
• Reviewing technical provisions, IFRS 17 and IAS 19 liabilities, and drafting formal reports.
• Assisting clients with IFRS 17 implementation—policy decisions, transition impact assessments, and more.
• Engaging in actuarial modelling and valuations related to reserving, reinsurance, M&A due diligence, capital optimisation, dashboards, etc.
• Conducting actuarial function assessments and helping clients transform actuarial and risk processes.
• Collaborating with stakeholders across all levels to drive solutions and innovation.
• Contributing to business development, thought leadership, and operational growth of the actuarial team.

What You’ll Need:

• Qualified or nearly qualified actuary.
• Strong experience in an actuarial audit support environment across insurance, retirement funds, or medical schemes.
• Technical understanding of IFRS 17, IAS 19, SAM/QIS, ISA 540, reserving, capital, and reinsurance.
• Experience with actuarial or analytics tools such as Prophet, SQL, Python, SAS, Power BI, or MATLAB.

Technical & Consulting Strengths:

• Business writing skills—reports, proposals, and client communication.
• Strong analytical thinking, structure, and project management.
• Confidence in dealing directly with clients and leading conversations.

Who You Are:

• Self-driven, curious, and entrepreneurial.
• Meticulous, methodical, and able to manage complexity.
• Comfortable working on new and varied challenges with minimal supervision.

This is a rare opportunity to help shape a growing actuarial business function while delivering meaningful impact to clients across sectors. You’ll gain exposure to senior stakeholders, regulatory change, and a wide range of technical frameworks—all while expanding your strategic and commercial skill set.