Job Description
About the Role
A leading insurer is seeking an experienced Actuarial Analyst to join their team at their offices in Johannesburg. The ideal candidate will be responsible for supporting the development and implementation of financial planning models, reinsurance optimization strategies, and regulatory reporting.
Key Responsibilities
- Becoming familiar with the unit and group strategies and helping the manager put them into action.
- Help with the creation, construction, and upkeep of the financial planning model.
- Help create, construct, and manage the reinsurance optimisation model.
- Do an annual Actual vs. Expected review.
- Monitoring pertinent laws like SAM, IFRS 4 and IFRS 17; Estimating the capital needs for local regulatory reporting.
- The creation and development of the capital model.
- Streamline the process of reinsurance optimization.
- Testing of the improved outcomes
- Choose the best cessions for reinsurance contracts for every year of underwriting.
- Sharing information about the precise operations of the cash flow models
- Contributing to the A&A Board Pack insert;
- Assisting with the automation and enhancement of numerous procedures.
Requirements
- Degree in Actuarial Science
- Nearly qualified or Newly qualified Actuary
- Minimum 3 Years non life insurance Experience
- Knowledge of MS Office advanced, Visual Basic, Advanced SQL (Preferable), Python (Preferable)
- Knowledge of Remetrica (Preferable)
Qualifications
No specific qualifications mentioned in the original job description.
Salary & Benefits
Salary information not provided in the original job 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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