Sandton: Actuarial Executive – General Insurance posted by Omega HR Solutions

March 11, 2026 Jobs in Gauteng

Omega HR Solutions

Gauteng

Other Finance/Accounting

Job Description

About the Role

We are seeking an Actuarial Executive with deep General Insurance expertise to join our specialist actuarial advisory environment. This role is suited to 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.
Strong analytical judgement, client focus, and commercial awareness.

Qualifications

None mentioned.

How to Apply

Click the green “Go Apply” button below to apply directly online with the employer.

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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.

View Job Johannesburg: Financial Analyst posted by WatersEdge Solutions

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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