Job Description
Were partnering with a leading diversified financial services group that is redefining insurance to be more accessible, transparent, and client-centric. They are looking for a Finance Actuary to join their growing Insurance team and play a key role in shaping the future of financial reporting and valuation.
As a Finance Actuary, you will contribute directly to the financial performance and resilience of the insurance business through:
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Performing periodic (monthly, quarterly, bi-annual, and annual) insurance contract liability and profit calculations on an IFRS 17 basis.
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Contributing to forecasted IFRS 17 profit calculations for annual budgets and re-forecasting cycles.
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Supporting the calculation of solvency requirements in line with the Financial Soundness Standard for Insurers (previously SAM).
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Assisting with the completion of quantitative reporting templates for statutory solvency reporting.
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Developing and maintaining processes and controls for actuarial valuation and financial reporting.
This role will provide exposure across valuation, reporting, solvency, and capital management, while contributing to innovative actuarial practices within a dynamic insurance team.
Fellow Requirements:
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8+ years actuarial experience in the life insurance sector, particularly in valuation, reporting, or capital management.
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Honours Degree in Actuarial Science (or equivalent).
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Strong working knowledge of IFRS 17.
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Experience with actuarial modelling software (e.g., Prophet).
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Exposure to data visualisation tools (Power BI or similar) advantageous.
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A collaborative mindset with the ability to thrive in a team with multiple deliverables.
Please note that by submitting your personal information to Deka Minas you free-willingly issue the business consent to make use of such data for the specific purpose of securing you either permanent or temporary employment. Our business makes use of a POPIA compliant database and you have the right to access, right to correction and right to deletion of your personal information.
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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