Job Description
About the Role
We are seeking a senior actuarial leader to join our team at Salix Recruitment. As a qualified actuary with a passion for process improvement, you will be responsible for driving operational efficiency and scaling complex actuarial processes across multiple reporting and regulatory frameworks. You will work closely with executive actuarial leadership to streamline processes, enhance systems, and automate tasks.
Key Responsibilities
- Lead and implement initiatives to improve actuarial processes and drive operational efficiency.
- Collaborate across actuarial functions including Valuations, SAM, IFRS 17, Embedded Value, and Budgeting.
- Design, build, and implement automated solutions for:
- Valuations, Embedded Value, Value of New Business, and Analysis of Change across multiple entities.
- Experience investigations and actuarial assumption setting.
- Data management, ETL processes, and reporting workflows.
- Oversee non-insurance actuarial reporting within the department.
- Support budgeting, forecasting, and planning processes.
- Identify, assess, and implement actuarial software, system, and technology enhancements.
- Contribute to once-off strategic or analytical projects as required.
- Lead, mentor, and develop junior actuarial team members.
Requirements
- Qualified Actuary (FASSA or equivalent)
- Minimum of 6 years’ actuarial experience within the insurance industry.
- At least 2 years’ post-qualification experience.
- Proven experience leading actuarial or analytical teams.
- Demonstrated exposure to actuarial reporting across multiple frameworks (e.g. SAM, IFRS 17, Embedded Value).
Qualifications
- Degree in Actuarial Science
- Matric (Grade 12)
Salary & Benefits
- Competitive salary: R800,000 – R1,200,000 per annum, depending on experience.
- Comprehensive benefits package.
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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