Finance Actuary

Deka Minas Pty Ltd; Gauteng; On-site; ZAR 800 000 - 1 200 000; Full time

Job summary

A leading diversified financial services group is seeking a Finance Actuary to enhance financial reporting and valuation within their Insurance team. Applicants should have over 8 years of actuarial experience, preferably in life insurance, and strong knowledge of IFRS 17. Key duties include performing profit calculations, contributing to budget forecasts, and supporting statutory reporting. This role offers opportunities for collaboration and exposure to innovative actuarial practices within a dynamic environment.

Qualifications

• 8+ years' actuarial experience in the life insurance sector.
• Experience with valuation, reporting, or capital management.
• Strong working knowledge of IFRS 17.

Responsibilities

• Perform periodic insurance contract liability and profit calculations.
• Contribute to forecasted IFRS 17 profit calculations for budgets.
• Support the calculation of solvency requirements for insurers.
• Assist with quantitative reporting templates for statutory reports.
• Develop and maintain processes for actuarial valuation.

Skills

Actuarial experience in life insurance

Understanding of IFRS 17

Actuarial modelling software (e.g., Prophet)

Data visualisation tools (e.g., Power BI)

Collaborative mindset

Education

Honours Degree in Actuarial Science

Tools

Prophet

Power BI

Job description

We're partnering with a leading diversified financial services group that is redefining insurance to be more accessible, transparent, and client-centric.

They are looking for a Finance Actuary to join their growing Insurance team and play a key role in shaping the future of financial reporting and valuation.

As a Finance Actuary, you will contribute directly to the financial performance and resilience of the insurance business through :

Performing periodic (monthly, quarterly, bi-annual, and annual) insurance contract liability and profit calculations on an IFRS 17 basis.

Contributing to forecasted IFRS 17 profit calculations for annual budgets and re-forecasting cycles.

Supporting the calculation of solvency requirements in line with the Financial Soundness Standard for Insurers (previously SAM).

Assisting with the completion of quantitative reporting templates for statutory solvency reporting.

Developing and maintaining processes and controls for actuarial valuation and financial reporting.

This role will provide exposure across valuation, reporting, solvency, and capital management, while contributing to innovative actuarial practices within a dynamic insurance team.

Fellow Requirements :

8+ years' actuarial experience in the life insurance sector, particularly in valuation, reporting, or capital management.

Honours Degree in Actuarial Science (or equivalent).

Strong working knowledge of IFRS 17.

Experience with actuarial modelling software (e.g., Prophet).

Exposure to data visualisation tools (Power BI or similar) advantageous.

A collaborative mindset with the ability to thrive in a team with multiple deliverables.

Please note that by submitting your personal information to Deka Minas you free-willingly issue the business consent to make use of such data for the specific purpose of securing you either permanent or temporary employment.

Our business makes use of a POPIA compliant database and you have the right to access, right to correction and right to deletion of your personal information.