Head of Actuarial Services

Placements24; Sandton; Hybrid; ZAR 2,500,000 - 4,200,000; Full time

Benefits offered by this job

Competitive executive salary

Executive benefits package

Generous annual leave & development预算

Strategic impact in a leading group

Prime Sandton office

Job summary

Placements24 is seeking a Head of Actuarial Services in Sandton to lead the actuarial function, drive pricing strategy, capital modelling and regulatory reporting. You will mentor actuaries, manage risk, and influence business decisions at the executive level.

The role requires a Fellow of a recognised actuarial society with 10+ years in insurance, and a demonstrable leadership track record. Based in Sandton, Gauteng, with strong strategic impact and growth potential.

Qualifications

• Fellow of a recognized actuarial society with significant post-qualification experience.
• Minimum of 10 years of progressive experience in the insurance industry, with actuarial senior leadership exposure.
• Proven track record leading actuarial teams and delivering strategic insights.

Responsibilities

• Lead the actuarial department across pricing, reserving, capital modeling and solvency management.
• Develop robust methodologies and models aligned with regulatory requirements.
• Provide strategic actuarial advice to senior management and drive profitability and solvency.

Skills

Actuarial leadership

Pricing strategy

Reserving

R/Python/SQL

Education

Fellow of actuarial society

Tools

R

Python

SQL

Job description

About the Role

Our client, a prominent and innovative insurance group, is seeking a highly accomplished and strategic Head of Actuarial Services to lead their actuarial function in Sandton . This senior leadership role requires an experienced actuary to oversee all actuarial operations, including pricing, reserving, capital modeling, and risk management. You will be instrumental in driving the company's financial strategy, ensuring regulatory compliance, and providing critical insights to support business growth and profitability within the competitive Gauteng financial hub. The Head of Actuarial Services will manage a team of actuaries and analysts, collaborating closely with executive leadership and other departments.

Key Responsibilities

• Lead and manage the actuarial department, overseeing all aspects of pricing, reserving, capital modeling, and solvency management.
• Develop and implement robust actuarial methodologies and models that align with business objectives and regulatory requirements.
• Ensure the accuracy and integrity of all actuarial calculations, valuations, and reports.
• Provide strategic actuarial advice and insights to senior management, influencing business strategy and decision-making.
• Oversee the development and execution of the company's pricing strategy across all product lines.
• Manage the statutory and regulatory reporting requirements related to actuarial functions.
• Lead the analysis of financial risks and opportunities, recommending strategies to enhance profitability and solvency.
• Mentor and develop a high-performing team of actuaries and actuarial students.
• Represent the company in discussions with regulators, auditors, and industry bodies on actuarial matters.
• Drive innovation in actuarial practices and the adoption of new technologies and methodologies.

Requirements

• Fellow of a recognized Actuarial Society (e.g., FSA, FIA, FASSA) with significant post-qualification experience.
• Minimum of 10 years of progressive experience in the insurance industry, with a substantial portion in actuarial roles.
• Proven track record in leadership and management of actuarial teams.
• Deep expertise in life, non-life, or health insurance actuarial principles, including pricing, reserving, and capital modeling (e.g., Solvency II, SAM).
• Strong understanding of financial markets, investment strategies, and risk management frameworks.
• Exceptional analytical, quantitative, and problem-solving skills.
• Excellent communication, presentation, and stakeholder management abilities.
• Proficiency in actuarial modeling software and programming languages (e.g., R, Python, SQL).
• Strategic mindset with the ability to translate complex actuarial concepts into business insights.
• Must be based in or willing to relocate to Sandton , Gauteng .

Benefits

• Highly competitive executive salary and comprehensive bonus structure.
• Full suite of executive benefits, including top-tier medical, retirement, and life insurance.
• Significant annual leave and professional development budget.
• Opportunity to shape the strategic direction of a leading financial services group.
• Prime office location in Sandton with excellent amenities.