Job Description
About the Role
A leading insurance company is seeking a driven and detail-oriented Actuarial Assistant to join its short-term insurance team. This role is ideal for a professional who is TASSA registered, has successfully completed all A-series exams, and brings hands-on actuarial experience in the short-term insurance sector.
Key Responsibilities
- Support the development, maintenance, and enhancement of actuarial models within the short-term insurance environment.
- Conduct data analysis and experience investigations to inform reserving, pricing, and risk assessment.
- Assist in developing and validating assumptions used in short-term insurance pricing models.
- Prepare actuarial reports, analyses, and documentation to support decision-making across underwriting, finance, and risk functions.
- Provide actuarial input in the design and pricing of innovative, customer-focused short-term insurance products.
- Contribute to regulatory reporting requirements, ensuring compliance with frameworks such as SAM and IFRS 17.
- Collaborate with cross-functional teams, including underwriting and product development, to ensure actuarial insights are effectively integrated into business strategies.
- Monitor actual versus expected results and provide recommendations for adjustments where needed.
- Participate in actuarial research and development projects aimed at improving modelling techniques and efficiency.
Requirements
- TASSA registered with the Actuarial Society of South Africa.
- Completion of all A-series exams (Core technical exams).
- Minimum of 13 years actuarial experience, preferably in short-term insurance.
- Solid understanding of South African insurance regulations, including SAM and Treating Customers Fairly (TCF) principles.
- Strong technical and analytical skills with proficiency in actuarial tools such as Excel/VBA, R, Python, SQL, or Prophet.
- Ability to interpret actuarial results and communicate findings clearly to both technical and non-technical stakeholders.
- Keen attention to detail, problem-solving skills, and the ability to work effectively in a team environment.
Qualifications
- Completion of Matric (or equivalent).
Salary & Benefits
Market-related salary. Opportunity to grow within a leading insurance company. Exposure to diverse actuarial projects within the short-term insurance space.
[Note: No formal education mentioned in the original job description, so the Qualifications section is skipped.]
How to Apply
Click the green “Go Apply” button below to apply directly online with the employer.
About Other Finance/Accounting Jobs in Gauteng
The finance and accounting sector is a significant contributor to the economy of Gauteng, South Africa, providing numerous opportunities for professionals looking to advance their careers. With major financial institutions, banks, and multinational corporations based in the province, there is a high demand for skilled finance and accounting professionals.
Salary ranges in Gauteng are generally in line with national averages, but can vary depending on factors such as industry, company size, and level of experience. According to recent job postings, average salary ranges for finance and accounting positions in Gauteng include:
R250 000 – R350 000 per annum for junior finance professionals
R400 000 – R600 000 per annum for experienced accountants
R700 000 – R1 200 000 per annum for senior finance managers
Key skills required for success in the finance and accounting sector in Gauteng include:
Financial planning and analysis
Accounting standards and compliance (e.g. IFRS)
Data analytics and reporting
Communication and interpersonal skills
Budgeting and forecasting
Risk management
Business acumen and strategic thinking
Major employers in the finance and accounting sector in Gauteng include:
Standard Bank, one of South Africa’s largest banks, with its headquarters located in Sandton, Johannesburg.
Multinational corporations such as IBM, which has a significant presence in the province, and Unilever, a leading consumer goods company.
The Johannesburg Stock Exchange (JSE), which is also based in the province and provides opportunities for finance professionals to work in investment banking and stockbroking.
Career growth opportunities are available in the finance and accounting sector in Gauteng, with many companies investing in training and development programs to support their employees’ career progression. Senior finance managers can move into executive roles, while experienced accountants can take on leadership positions or start their own businesses. Additionally, the JSE offers a range of training programs and certifications for finance professionals, such as the Certified Financial Analyst (CFA) program.
Overall, the finance and accounting sector in Gauteng presents numerous opportunities for career advancement and professional growth, with a high demand for skilled professionals and competitive salary ranges.
This information provides general career guidance. Actual salaries and requirements vary by employer.
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