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Sandton: Actuarial Executive – General Insurance

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Job Description

About the Role

We are seeking an experienced Actuarial Executive with deep General Insurance expertise to join our specialist actuarial advisory environment. The ideal candidate will be a technically strong actuary who enjoys complex modelling, client-facing work, and shaping actuarial outcomes at a strategic level.

Key Responsibilities

  • Manage actuarial projects across short-term insurance, including reserving, pricing, and capital modelling.
  • Review technical provisions including IBNR, UPR, AURR, and stochastic risk adjustment calculations using R/Python.
  • Support and review IFRS 17 implementation and reporting for General Insurance clients.
  • Provide HAF support and technical input.
  • Perform capital modelling, including economic capital model reviews, challenger model development, and quantitative validation under SAM/RBC.
  • Conduct reinsurance reviews and stochastic optimisation, including geospatial modelling.
  • Support product pricing and design using GLMs, GAMs, and advanced statistical techniques.
  • Build projection models for ORSA, FCR, and business planning.
  • Produce high-quality actuarial reports with clear commercial insight and value-add.
  • Perform market studies and actuarial research.
  • Maintain and strengthen long-term client relationships.
  • Support Associate Directors on delivery and technical oversight.

Requirements

  • Bachelor’s Degree in Actuarial Science, Statistics, Mathematics, or similar.
  • Qualified or near-qualified Actuary.
  • Minimum 7 years’ experience in General Insurance actuarial work (pricing, reserving, or capital modelling).
  • Strong experience with SAM, ORSA, solvency calculations, and valuations.
  • Advanced proficiency in R; Python experience advantageous.
  • Experience managing projects and mentoring others is beneficial.

Qualifications

Salary & Benefits

How to Apply

About Accounting / Finance Jobs in North Johannesburg

North Johannesburg is home to a thriving financial services sector, with many multinational companies having operations in the region. Typically, the accounting and finance industry in this area experiences steady demand for skilled professionals, driven by the growth of the economy and the need for organisations to maintain accurate financial records and make informed business decisions.

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When it comes to salaries, typically the range for accounting and finance positions in North Johannesburg is quite broad, with experience, company size, and industry sector all playing a significant role in determining actual salaries. Generally, junior positions in this field can expect salary ranges of around R400 000 to R600 000 per annum, while senior roles can command salaries upwards of R1 million. However, it’s essential to note that these are broad estimates, and actual salaries may vary significantly depending on individual circumstances.

Common skills required for accounting and finance positions in North Johannesburg include proficiency in financial software, such as SAP or Excel, as well as a solid understanding of financial principles and regulations. Typically, candidates with a degree in accounting or finance, as well as relevant work experience, are best positioned to secure these roles. Other key skills include attention to detail, analytical thinking, and effective communication.

The financial services sector is one of the most significant industries that commonly employs accountants and finance professionals in North Johannesburg. Other sectors that often require these skills include technology, manufacturing, and retail. Typically, organisations in these industries need accounting and finance staff to manage their financial transactions, prepare financial statements, and provide insights to inform business decisions.

For those interested in pursuing a career in accounting or finance, there are many opportunities for development and advancement. Typically, junior roles can provide valuable experience and training, which can be used as a springboard for more senior positions within the organisation. External training programs, such as certifications offered by the South African Institute of Chartered Accountants (SAICA), can also enhance career prospects. With dedication and hard work, it’s generally possible to progress to leadership roles or transition into related fields, such as business analysis or financial planning.

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This information provides general career guidance. Actual salaries and requirements vary by employer.



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