Job Description
About the Role
The Head of Corporate Actuarial will be responsible for leading the reserving and capital functions across the group, supporting short-term and life insurance businesses in South Africa and Botswana. The successful candidate will provide strategic guidance to internal customers, assist students in pursuing local actuarial qualifications, and contribute to the development of the Risk Based Capital model.
Key Responsibilities
• Accountable for the strategy and operating model of the corporate actuarial department.
• Demonstrate increasing knowledge of relevant actuarial disciplines and procedures to provide first-class service to internal customers.
• Assist students within the company to pursue local actuarial qualification.
• Reserving, reinsurance analysis, or market-facing business units in support of business objectives, and annual IFRS audit.
• Coordinate, prepare, and perform actuarial analyses including premium projections, consultation on actuarial models, and risk-based capital issues.
• Support finance, market-facing business units, claims, risk, capital management, and other functions on reserving and strategic business decisions.
• Capital modelling, data quality, regulatory returns and audits.
• Coordinate, prepare, and perform actuarial analyses including collection of information from various stakeholders across the business.
• Perform data analytics and/or reinsurance analysis.
• Support actuarial services related to Risk Based Capital model development, parameterisation, and allocation activities.
Requirements
Qualified Fellow actuary (or studying towards the qualification) with strong technical knowledge. Ten years of experience in an actuarial environment essential.
Qualifications
Formal education/certifications not specified.
Salary & Benefits
Salary details not specified.
How to Apply
Click the green “Go Apply” button below to apply directly online with the employer.
About Other IT/Computer Jobs in South Africa
In South Africa, the IT and computer industry is a significant contributor to the country’s economy, with a diverse range of job opportunities available across various sectors. Typically, these roles involve working with technology to drive business growth, improve efficiency, and enhance customer experience. Generally, careers in this field require a strong understanding of technical concepts and a willingness to adapt to changing technologies.
When it comes to salary expectations, it’s common for IT and computer professionals in South Africa to earn broad ranges that can vary significantly depending on factors such as experience, company size, and industry sector. Typically, entry-level positions may offer salaries between R400 000 and R600 000 per annum, while more senior roles can command higher figures, often ranging from R800 000 to R2 million or more, depending on the specific requirements of the job.
Common skills for IT and computer professionals in South Africa typically include proficiency in programming languages such as Java, Python, or C++, as well as experience with operating systems like Windows, Linux, or macOS. Data analysis and visualisation tools like Tableau, Power BI, or D3.js are also often required, particularly in roles involving data science or business intelligence. Additionally, IT professionals should be familiar with cloud computing platforms like AWS, Azure, or Google Cloud, as well as cybersecurity principles to protect against threats. Other essential skills may include project management, collaboration tools like Slack or Trello, and a solid understanding of database management systems.
Industries that commonly employ IT and computer professionals in South Africa include the financial services sector, technology industry, manufacturing sector, and public sector organisations. These sectors often require specialists to design, implement, and maintain complex technological systems, ensuring they operate efficiently and securely.
Career development opportunities for IT and computer professionals in South Africa are diverse and varied. Typically, entry-level roles provide a solid foundation for progression into mid-tier positions, where professionals can take on more senior responsibilities and develop their technical expertise. With experience, it’s common to move into leadership roles or transition into related fields like data science, artificial intelligence, or cybersecurity. Many companies also offer opportunities for training, certification, and continuing education to support the ongoing development of their employees’ skills and knowledge.
This information provides general career guidance. Actual salaries and requirements vary by employer.
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