Actuarial Analyst - Non Life

Recruiter:

Network Recruitment

Job Ref:

NFP015705/HN

Date posted:

Friday, April 25, 2025

Location:

Johannesburg, South Africa

SUMMARY:
Job Title: Actuarial Analyst – Balance Sheet Management (Non-Life)

Are you an actuarial analyst with a strong background in non-life insurance and a passion for balance sheet optimization? Join a leading financial services provider in supporting the strategic and regulatory needs of clients through cutting-edge actuarial analysis and modelling.

POSITION INFO:
Role Purpose:

Support the Balance Sheet Management (BSM) function by providing actuarial expertise for non-life insurance clients, with a focus on capital efficiency, compliance, and reporting.

Key Responsibilities:

- Maintain and enhance IFRS reserve calculation models
- Maintain models for SAM Solvency Capital Requirement (SCR) and Technical Provisions
- Support capital projections for the ORSA process
- Assist with dividend declaration processes for various cells and promoters
- Perform monthly capital adequacy calculations
- Lead and support quarterly and annual regulatory reporting
- Engage with internal and external stakeholders on assigned responsibilities
- Drive process automation and software enhancement within the BSM function
- Assist in IFRS 17 modelling of LRC (Liability for Remaining Coverage) and LIC (Liability for Incurred Claims)
- Participate in capital optimisation initiatives

Requirements:
- Bachelor’s degree in Actuarial Science
- At least 3 years of actuarial work experience, preferably in non-life insurance
- Making good progress towards qualification as a Fellow (FASSA)
- Advanced Excel and solid MS Office skills
- Strong knowledge of MS SQL
- Intermediate to advanced programming capabilities
- Sound understanding of Solvency Capital Requirement (SCR) components as per prudential standards
- Experience in cell captives and non-life valuations advantageous
- Knowledge of key regulatory frameworks: Insurance Act, Prudential Standards, IFRS 4 and IFRS 17

Ideal Candidate Traits:
- Analytical thinker with strong problem-solving skills
- Detail-oriented with a passion for accuracy and compliance
- Strong communicator able to collaborate with technical and non-technical stakeholders
- Eager to innovate and improve existing processes

If you are interested in this opportunity, please apply directly to .
For more finance jobs, please visit

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.
We also invite you to contact us to discuss your next career move in finance!

For more information contact:
Heidi Nieuwoudt on
Specialist Recruitment Consultant: Actuarial and Analytical

NB! This job is now closed. You can apply for other jobs by uploading your CV.

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