Senior Actuarial Manager: Non-Life Reserving & Capital

Recruiter:

The Recruitment Council

Job Ref:

Senior Actuarial Man..

Date posted:

Monday, December 15, 2025

Location:

midrand, Gauteng, South Africa

Salary:

R1 000 000 - R 1 200 000 Per Annum

SUMMARY:
Senior Actuarial Manager: Non-Life Reserving & Capital

POSITION INFO:

Join one of South Africa’s leading financial service providers and propel your career within a purpose-driven organisation. Our client is seeking a dynamic and experienced Actuarial Manager to lead their critical functions in Reserving and Regulatory Capital Management.

You will manage a team of Actuarial Analysts within the Non-Life Corporate Actuarial team, reporting directly to the Head of Corporate Actuarial. This is a strategic role responsible for driving high-quality actuarial solutions that support key business objectives.

Responsibilities:

Regulatory Capital (SAM): Manage and oversee both solo and group Solvency Assessment and Management (SAM) calculations and reporting , ensuring full compliance.
Reserving: Oversee end-to-end reserving processes, including methodology development, setting assumptions, and engaging stakeholders on reserve adequacy.
IFRS 17 Leadership: Drive IFRS 17 implementation and ongoing reporting , ensuring alignment with accounting and actuarial standards.
Stakeholder Engagement: Present actuarial insights and recommendations to senior management, Board committees, and other stakeholders to inform strategic decision-making.
Risk & Governance: Support the Risk team in developing and maintaining ERM frameworks, including ORSA, Risk Appetite, and Stress & Scenario testing.
Team Development: Lead, mentor, and develop a team of actuarial analysts, fostering technical excellence, innovation, and accountability.

Education:

A Bachelor of Science in Actuarial Science is required.

Experience:

5 or more years of overall actuarial experience is essential.
A minimum of 3 years of actuarial experience specifically within a Short-Term insurance environment is essential.
3 or more years of experience in reserving, SAM, and IFRS reporting is essential.
1 or more years of experience managing resources and planning to deliver predetermined objectives is essential.

Technical Skills:

Experience with ResQ software is advantageous.

Core Competency:

A proven ability to model, monitor, and interpret key metrics while driving continuous improvement and process automation.

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