Actuarial jobs in South Africa
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Deloitte Africa
Senior Actuarial Advisor
Job summary
A leading regulatory authority is seeking a Senior Actuarial Advisor to lead the strategic development of actuarial policies. The ideal candidate will have significant experience in the insurance industry and possess a fellowship qualification. This role requires strong leadership and advisory capabilities, with a deep understanding of global actuarial standards.
Qualifications
- Minimum years of actuarial experience within mature or international insurance markets.
- Fellowship qualification from a recognized actuarial body is required.
- Strong expertise in pricing, reserving, and risk management.
Responsibilities
- Lead the strategic development of actuarial policies and frameworks.
- Define and implement actuarial strategies supporting market growth and stability.
- Mentor and upskill internal actuarial talent.
Skills
Education
Job Description – Senior Actuarial Advisor
Job Type : Full-time
Location : This role is based in Riyadh, Saudi Arabia
About the Organization A leading regulatory authority in Saudi Arabia is seeking seasoned actuaries to serve as Senior Advisors / Experts across various insurance business lines.
The organization plays a pivotal role in shaping the national insurance landscape — defining strategic priorities, setting market direction, and ensuring that actuarial practices align with international standards and the Kingdom's long-term vision for sector.
- Lead the strategic development of actuarial policies, frameworks, and methodologies across assigned insurance lines.
- Define and implement actuarial strategies supporting market growth, stability, and sound risk management.
- Serve as a trusted advisor in formulating sector-wide strategies related to pricing, solvency, reinsurance, and capital adequacy.
- Review and challenge actuarial submissions from insurers to ensure regulatory soundness, consistency, and sustainability.
- Establish actuarial standards and contribute to the design of risk-based capital and solvency frameworks.
- Benchmark actuarial practices against international standards and drive continuous improvement.
- Lead cross-functional collaboration with policy, supervision, and risk teams to align actuarial strategy with broader regulatory objectives.
- Advise on emerging risks — including healthcare inflation, demographic shifts, natural catastrophes, and economic cycles.
- Mentor and upskill internal actuarial talent, embedding a culture of technical excellence and strategic foresight.
- Minimum years of actuarial experience within mature or international insurance markets (western markets).
- Bachelor's or Master's degree in Actuarial Science, Mathematics, Statistics, or related quantitative field.
- Fellowship qualification from a recognized actuarial body (e.g., FSA, FIA, FCIA, etc.).
- Strong expertise in pricing, reserving, solvency modelling, and risk management.
- Deep understanding of global actuarial standards and regulatory regimes.
- Demonstrated leadership and advisory capability at senior or regulatory levels.
- Excellent analytical, communication, and stakeholder management skills.
If you are interested in this exciting opportunity, please apply or contact
* The salary benchmark is based on the target salaries of market leaders in their relevant sectors. It is intended to serve as a guide to help Premium Members assess open positions and to help in salary negotiations. The salary benchmark is not provided directly by the company, which could be significantly higher or lower.