Job Description
About the Role
Hire Resolve’s Client is currently hiring for the position of Actuarial Manager to join their team. As an Actuarial Manager, you will manage an actuarial team responsible for analytical analysis and capital modelling, to ensure financial stability of the company and its clients and provide modelling support for the valuation of IFRS 17 compliant technical provisions.
Key Responsibilities
- Play a leading role in the analysis of results, liaising with auditors and preparation of internal and external reporting material.
- Establish consistent processes and controls across the business, to ensure accurate reporting and risk management.
- Develop and maintain reserving and capital models.
- Manage the vetting of accounting data, asset data, reinsurance data and exposure data used for actuarial valuations.
- Deliver the quantitative projections for the annual ORSA
- Deliver annual, quarterly and monthly SCR analysis for the company and its cells in line with Group practices and policies.
- Participate in providing financial insights to proposed product developments and reinsurance arrangements.
- Collaborate with internal and external stakeholders.
Requirements
- Expert knowledge of MS Office
- Advance knowledge of MS SQL
- Intermediate to advanced programming experience
- Advanced understanding of the components of SCR of a Non-Life insurer as prescribed by the prudential standards. Cell captive specific experience advantages
- Understanding of relevant legislation, ie. Insurance act, Prudential standards, IFRS 4 and IFSR17
- Advanced understanding of triangulation methods including large loss reserving methods and liability valuation methods.
Qualifications
- Fellow Actuary specialising in Non-Life.
- At least 8 years relevant work experience
Salary & Benefits
Our client is offering a highly competitive salary for this role based on experience.
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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