Senior Actuarial Manager: Non-Life Reserving & Capital | Midrand
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.
- A Bachelor of Science in Actuarial Science is required.
- 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.
- Experience with ResQ software is advantageous.
- A proven ability to model, monitor, and interpret key metrics while driving continuous improvement and process automation.
