Job Description
About the Role
Hire Resolve’s Client is seeking an experienced Actuarial Manager specializing in Life Insurance to join their dynamic team. In this role, you will oversee projects related to life insurance products, ensuring accurate risk assessment, pricing, and capital management to uphold the financial health of the organization and provide clients with valuable insights.
Key Responsibilities
- Lead actuarial evaluations and analyses for life insurance products, ensuring compliance with regulatory standards.
- Develop and maintain pricing models and reserve calculations for life insurance products.
- Oversee the preparation and presentation of actuarial reports and insights for internal stakeholders and external clients.
- Review and validate the actuarial assumptions and methodologies used in product pricing and valuation.
- Contribute to the design and implementation of IFRS 17 compliant models.
- Engage in annual ORSA processes and risk assessment initiatives.
- Collaborate with finance and risk management teams to ensure cohesive strategies in managing life insurance portfolios.
- Continuous improvement of actuarial processes, methodologies, and technical skills within the team.
Requirements
- Advanced proficiency in actuarial software and MS Office suite.
- Strong quantitative and analytical skills with a focus on life insurance metrics.
- Comprehensive understanding of regulatory frameworks including IFRS 17 and relevant insurance legislations.
- Experience in pricing models and reserving techniques for life insurance products.
Qualifications
- Fellow Actuary with specialization in Life Insurance.
- Minimum of 3-5 years actuarial experience in the life insurance domain.
Salary & Benefits
Our client is offering a highly competitive salary for this role based on experience.
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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