Actuarial Analyst - Non Life

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

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