Senior Life Actuary Leader — IFRS17 & Profitability

Network Finance.; Gauteng; On-site; ZAR 300 000 - 400 000; Full time

Job summary

A dynamic cell captive insurance company is seeking a qualified Life Actuary to lead their actuarial function in South Africa, Gauteng. The role involves overseeing valuation, profitability analysis, and ensuring regulatory compliance. Ideal candidates will have a minimum of 3 years in actuarial management within a life insurance context, and expertise in IFRS 17 is essential. This position offers an exciting chance to shape strategic decisions and drive excellence in various portfolios.

Qualifications

• Minimum 3 years of actuarial management experience within a life insurance environment.
• Proven experience in IFRS 17, SAM, valuation, and profit modelling.

Responsibilities

• Lead and mentor the Life Actuarial team, overseeing valuation, reporting, and modelling functions.
• Manage and deliver IFRS 17 reporting, ensuring technical accuracy and compliance.
• Oversee SAM regulatory submissions, capital adequacy monitoring, and solvency assessments.
• Drive profitability analysis, embedded value, and financial model enhancements to inform strategy.

Skills

Advanced Excel

Actuarial modelling systems (e.g. Prophet, DCS, SQL, R or Python)

Strong communication

Commercially minded

Detail-oriented

Education

Qualified Actuary (FASSA or equivalent)

Job description

A dynamic cell captive insurance company is seeking a qualified Life Actuary to lead their actuarial function in South Africa, Gauteng. The role involves overseeing valuation, profitability analysis, and ensuring regulatory compliance. Ideal candidates will have a minimum of 3 years in actuarial management within a life insurance context, and expertise in IFRS 17 is essential. This position offers an exciting chance to shape strategic decisions and drive excellence in various portfolios.