Job Description
About the Role
Network Finance is seeking a Life Actuary – Reporting to support its actuarial reporting function, providing exposure to end-to-end IFRS 9 and IFRS 17 reporting, assumption setting, and reserving analysis in an international environment.
Key Responsibilities
- Deliver actuarial reporting under IFRS 9 and IFRS 17, ensuring accuracy and compliance with reporting standards.
- Perform assumption setting and actuarial calculations to support valuations and financial reporting.
- Build, enhance, and maintain valuation and reserving models used across reporting processes.
- Support life valuations, reserving exercises, and regulatory submissions.
- Collaborate with international actuarial teams on methodology development and reporting standards.
- Provide clear actuarial insights and commentary to support senior stakeholders in understanding financial outcomes.
Requirements
- Bachelor’s degree in Actuarial Science, Mathematics, Statistics, or another quantitative field.
- Honours degree in Actuarial Science (or equivalent NQF 8) strongly preferred.
- Nearly qualified Actuary with approximately 7–8 actuarial exams completed (ASSA, IFoA, or SOA).
- Strong academic grounding in financial mathematics, actuarial modelling, and statistical techniques.
Qualifications
- No qualifications mentioned in the original description.
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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