Senior Actuarial Manager

Placements24; Upington; Hybrid; ZAR 1,600,000 - 2,600,000; Full time

Benefits offered by this job

Remote work

Executive health and retirement

Professional development allowance

Leadership training opportunities

Job summary

Placements24 is seeking a Senior Actuarial Manager to lead a remote actuarial team in South Africa. You will oversee pricing, reserving, and financial forecasting models, while shaping actuarial strategy and driving efficiency.

The ideal candidate holds a Master’s degree in a quantitative field and Fellowship, with 10+ years’ actuarial experience including management in insurance. Strong communication and leadership skills are essential.

Qualifications

• Master's degree in Actuarial Science, Mathematics, Statistics, or related quantitative discipline.
• Fellowship of a recognized actuarial society (e.g., FIA, FASSA) is mandatory.
• 10+ years actuarial experience with at least 5 in a management/leadership role in insurance.
• Experience in life or general insurance pricing, reserving, capital modelling, and Solvency II/IFRS 17.
• Proven ability to lead teams, influence stakeholders, and drive strategic insights.

Responsibilities

• Lead, mentor, and develop a high-performance actuarial team.
• Oversee development, validation, and implementation of advanced actuarial models for pricing, reserving, forecasting.
• Set actuarial strategy and drive innovation in methodologies and tools.
• Ensure compliance with regulatory requirements and accounting standards.
• Collaborate with senior management across departments to provide strategic actuarial insights.
• Manage actuarial aspects of product development to ensure profitability.
• Represent the actuarial function in key business discussions.
• Stay updated on industry best practices and technological advancements.

Skills

Leadership

Actuarial Analysis

Strategic Thinking

Stakeholder Management

Remote Collaboration

Education

Master's degree in Actuarial Science or related quantitative discipline

Tools

Actuarial software

Pricing models

Job description

About the Role

Our client, a leading and innovative insurer, is seeking an accomplished Senior Actuarial Manager to lead their dynamic actuarial team. This is a fully remote position, offering a unique opportunity to shape strategic direction and manage key actuarial functions from anywhere in South Africa. You will oversee the development, implementation, and ongoing management of complex actuarial models for pricing, reserving, and financial planning. This leadership role requires a visionary individual with deep technical expertise, strong management capabilities, and a strategic mindset. The ideal candidate will possess a proven track record of success in actuarial leadership, excellent communication skills, and a passion for driving business growth through insightful actuarial analysis. We champion a remote-first culture that prioritizes collaboration and professional excellence.

Key Responsibilities

• Lead, mentor, and develop a team of actuarial professionals, fostering a high-performance culture.
• Oversee the development, validation, and implementation of sophisticated actuarial models for pricing, reserving, and financial forecasting.
• Set actuarial strategy and drive innovation in actuarial methodologies and tools.
• Ensure compliance with all regulatory requirements and accounting standards related to actuarial functions.
• Collaborate with senior management across departments (e.g., finance, product development, risk) to provide strategic actuarial insights.
• Manage the actuarial aspects of product development, ensuring profitable and competitive product offerings.
• Represent the actuarial function in key business meetings and discussions.
• Stay abreast of industry best practices, emerging trends, and technological advancements in actuarial science.

Requirements

• A Master's degree in Actuarial Science, Mathematics, Statistics, or a related quantitative discipline.
• Fellowship of a recognized actuarial society (e.g., FIA, FASSA) is mandatory.
• A minimum of 10 years of progressive actuarial experience, with at least 5 years in a management or leadership role within the insurance sector.
• Extensive experience in life insurance or general insurance actuarial functions, including pricing, reserving, capital modeling, and Solvency II/IFRS 17 implementation.
• Proven ability to lead and motivate teams, manage complex projects, and influence stakeholders at all levels.
• Expertise in actuarial software, modeling techniques, and data analysis tools.
• Exceptional analytical, strategic thinking, and problem-solving skills.
• Outstanding communication, presentation, and interpersonal skills.
• Demonstrated success in driving change and delivering measurable business results in a remote environment.

Benefits

• A highly competitive annual salary of ZAR .
• Fully remote work arrangement, providing ultimate flexibility and work-life balance.
• Significant annual bonus potential tied to performance.
• Executive-level health, retirement, and other benefits.
• Generous professional development allowance and opportunities for leadership training.
• Lead impactful projects and contribute significantly to the company's success.
• A stimulating and supportive virtual environment for senior professionals.