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Johannesburg North: Actuarial Analyst – Non Life posted by Network Finance

Actuarial Analyst – Non Life

Posted on 2025-04-26

Employer Network Finance
Salary 0
Category Tourism Hospitality
Location Gauteng  /  Johannesburg North

Job Summary

Role Purpose:

Support the Balance Sheet Management (BSM) function by providing actuarial expertise for non-life insurance clients, with a focus on capital efficiency, compliance, and reporting.

Key

Responsibilities:

– Maintain and enhance IFRS reserve calculation models
– Maintain models for SAM Solvency Capital Requirement (SCR) and Technical Provisions
– Support capital projections for the ORSA process
– Assist with dividend declaration processes for various cells and promoters
– Perform monthly capital adequacy calculations
– Lead and support quarterly and annual regulatory reporting
– Engage with internal and external stakeholders on assigned responsibilities
– Drive process automation and software enhancement within the BSM function
– Assist in IFRS 17 modelling of LRC (Liability for Remaining Coverage) and LIC (Liability for Incurred Claims)
– Participate in capital optimisation initiatives

Requirements:


– Bachelor’s degree in Actuarial Science
– At least 3 years of actuarial work experience, preferably in non-life insurance
– Making good progress towards qualification as a Fellow (FASSA)
– Advanced Excel and solid MS Office skills
– Strong knowledge of MS SQL
– Intermediate to advanced programming capabilities
– Sound understanding of Solvency Capital Requirement (SCR) components as per prudential standards
– Experience in cell captives and non-life valuations advantageous
– Knowledge of key regulatory frameworks: Insurance Act, Prudential Standards, IFRS 4 and IFRS 17

Ideal Candidate Traits:
– Analytical thinker with strong problem-solving skills
– Detail-oriented with a passion for accuracy and compliance
– Strong communicator able to collaborate with technical and non-technical stakeholders
– Eager to innovate and improve existing processes

If you are interested in this opportunity, please apply directly to Network Finance
Actuarial Analyst – Non Life position available in Gauteng, Johannesburg North. This job position was posted by Network Finance. The job has been posted as a char8000 ad on 2025-04-26 at 01:16:36 in the Tourism Hospitality category

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