Sandton: Actuarial Assistant posted by Hire Resolve

About the Role

We are seeking a driven and technically skilled actuarial professional to join our clients team, with a strong focus on reserving within the non-life insurance space. The successful candidate will play a key role in supporting financial reporting, regulatory submissions, planning processes, and data integrity initiatives. This position offers excellent exposure to core actuarial disciplines, regulatory frameworks, and cross-functional collaboration within a dynamic and evolving insurance environment.

Key Responsibilities

• Support the calculation and validation of reserves in alignment with IFRS17 and SAM reporting requirements on both quarterly and annual bases.
• Provide actuarial input into group financial reporting and forecasting exercises, ensuring accurate and timely delivery of key reserving metrics.
• Contribute to the financial planning process by supplying reserving-based projections and assumptions for internal and regulatory purposes.
• Collaborate with internal and external stakeholders, including finance, auditors, and regulatory bodies, to address reserving queries and support audit processes.
• Assist in preparing and analysing reserve reports, and contribute towards the development and submission of regulatory returns (e.g., SAM QRTs and FSCA Conduct of Business Returns).
• Take an active role in maintaining and improving data quality management processes, particularly as they relate to actuarial inputs and outputs.
• Participate in ongoing development and enhancement of actuarial models, tools, and reporting capabilities.

Requirements

• A degree in Actuarial Science or equivalent.
• Successful completion of at least the A1 and A2 Technical exams from ASSA, or an equivalent stage with the IFoA.
• Minimum of 23 years of relevant experience in the non-life insurance industry, ideally in a reserving or technical reporting role.
• Strong understanding of reserving techniques, actuarial modelling, and valuation principles applicable to short-term insurance.
• Familiarity with South African regulatory standards (e.g., SAM) and the IFRS17 framework.
• Demonstrated analytical ability, attention to detail, and a proactive approach to problem-solving.
• Experience communicating complex actuarial concepts to both technical and non-technical stakeholders.
• Advanced proficiency in MS Excel, with working knowledge of SQL and Power BI. Exposure to ResQ or similar reserving software will be an advantage.

Qualifications

No formal qualifications are mentioned in the original job description.

Salary & Benefits

Competitive salary is mentioned as a benefit, but no actual salary figure is provided.

Please Note

Please note that if you don’t match the Requirements or Industry, you won’t be considered for this role.