Actuarial Analyst

Recruiter:

Network Recruitment

Job Ref:

NFP016820/ZG

Date posted:

Thursday, May 14, 2026

Location:

Johannesburg, South Africa

Salary:

Annually

SUMMARY:
This opportunity offers exposure to IFRS 17 reporting, SAM regulatory requirements, and broader corporate actuarial functions within a dynamic life insurance environment. The successful candidate will gain hands-on experience across valuations, capital management, reserving, and financial reporting while working alongside a high-performing actuarial team.

POSITION INFO:

The role is ideally suited to a student actuary looking to deepen their technical actuarial expertise within life insurance. The successful candidate will be exposed to complex actuarial modelling, reporting processes, and strategic actuarial initiatives within a fast-paced and collaborative environment.

Key Responsibilities

Assist in the preparation and analysis of IFRS 17 valuation results
Support calculations relating to Contractual Service Margin (CSM), Best Estimate Liabilities (BEL), and Risk Adjustment
Contribute to monthly, quarterly, and annual IFRS 17 reporting processes
Perform reconciliations between IFRS 4 and IFRS 17 results
Support SAM regulatory capital calculations and reporting
Assist with Own Risk and Solvency Assessment (ORSA) processes
Contribute to stress testing and scenario analysis
Assist in statutory and management valuations of life insurance liabilities
Analyse experience variances including mortality, lapse, and expense investigations
Support assumption setting and basis reviews
Provide actuarial input into financial reporting, planning, and forecasting
Support embedded value (EV) and economic capital calculations
Assist with actuarial modelling enhancements, validation, and documentation
Automate and improve actuarial processes where possible

Job Experience and Skills Required:

Education

Degree in Actuarial Science, Mathematics, Statistics, or a related quantitative field
Minimum 6 actuarial exams completed

Experience Required

Exposure to life insurance actuarial functions advantageous
Understanding of life insurance actuarial principles
Exposure to IFRS 17 and/or SAM frameworks beneficial
Experience working with actuarial models and data analysis advantageous
Knowledge of valuations, reserving, or capital management processes advantageous
Exposure to financial reporting within insurance environments beneficial

Skills Required

Strong analytical and problem-solving abilities
Excellent numerical and technical skills
Strong attention to detail and accuracy
Good communication skills, both written and verbal
Ability to work in a collaborative and team-oriented environment
Proficiency in Excel
Programming experience in VBA, R, Python, or SQL advantageous
Ability to work under pressure and manage deadlines effectively
Proactive attitude with a strong willingness to learn

For more exciting Actuarial and Analytics vacancies, please visit:
I also specialise in recruiting in the following:

Actuarial: Life, Short-Term, Health, Pensions, and Quantitative

Data & Analytics: Data Scientists, Data Analysts (Python, R, SQL, Machine Learning)

Risk: Credit Risk, Market Risk, Model Risk, and Operational Risk Analysts

Pricing: Specialists in Insurance and Financial Products

AI & Machine Learning: ML Ops, NLP, Predictive Modelling Data Scientists

Quantitative: Experts across Banking, Insurance, and FinTech

If you have not had any response in two weeks, please consider the vacancy application unsuccessful. Your profile will be kept on our database for any other suitable roles / positions.

For more information, contact:
Zahrah Gani
Specialist Recruitment Consultant
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