Actuarial Manager

The Actuarial Manager is responsible for leading actuarial insight, modelling, governance and decision support across healthcare, employee benefits and related advisory areas. The role combines technical actuarial expertise with commercial enablement, ensuring that actuarial work translates into practical business decisions, client value, scalable tools and defensible outcomes.

The role requires strong experience in actuarial healthcare consulting, post-employment healthcare liability valuations, medical scheme analytics, employee benefits advisory and the development of models, dashboards and management information that support clients, consultants and internal leadership. The incumbent must be comfortable using modern data and automation technologies, including Power BI, Power Automate, Power Apps, Python, DAX, Copilot Premium and data warehousing concepts to improve insight, productivity and scalability.

The incumbent must provide leadership beyond technical delivery by improving actuarial processes, strengthening governance, supporting business growth, mentoring analysts and contributing to an enablement-led operating model that is accurate, efficient, compliant and commercially relevant.

All activities must be performed with professional judgement, quality control, data discipline and full compliance with applicable regulatory requirements, professional standards, internal policies, client commitments, Information Security Management System requirements, JS1 and JS2 controls, cyber security obligations, operational resilience expectations and broader governance, risk and compliance frameworks.

QUALIFICATIONS, EXPERIENCE AND TECHNICAL CAPABILITY

• Near or fully qualified actuary, preferably with FIA, FFA, FASSA, AMASSA or equivalent actuarial progression.
• Relevant degree in actuarial science, mathematical statistics, economics, finance or a related quantitative field; honours or postgraduate qualification preferred.
• At least five years’ relevant actuarial or related work experience, preferably in healthcare, medical schemes, employee benefits, retirement funds, consulting or financial services.
• Strong understanding of the South African employee benefits, healthcare and medical scheme environment, including applicable legislation and regulatory expectations.
• Experience in post-employment healthcare liability valuations, IAS 19 reporting, pricing, product analysis, long-term funding valuations, scheme benchmarking and management information reporting.
• Ability to design, review and improve actuarial models, data processes, dashboards, tools and analytical frameworks that support decision-making at client and executive level.
• Experience managing analysts, coordinating technical delivery, reviewing work outputs and building actuarial capability within a team.
• Commercial awareness and experience supporting tenders, renewals, client presentations, growth initiatives and consultant enablement.
• Completed or eligible for relevant regulatory examinations, CMS accreditation and intermediary or Key Individual requirements where applicable to the role.
• High proficiency in Excel, actuarial modelling tools, statistical analysis, Power BI, DAX, Python, data visualisation platforms and business intelligence tools; experience with automation and low-code tools such as Power Automate and Power Apps will be advantageous.
• Working knowledge of data warehousing, data modelling, governed datasets, workflow automation, Microsoft Power Platform and Copilot Premium to support scalable actuarial reporting, automation and decision enablement.
• Working knowledge of ISMS principles, JS1 and JS2 control expectations, cyber security awareness, operational resilience, business continuity, data protection and general governance, risk and compliance frameworks as they apply to actuarial data, models, reporting processes, policy formulation and policy maintenance.
• Ability to apply responsible AI and Copilot usage principles, including appropriate human review, confidentiality, data classification, prompt discipline and avoidance of unsupported automated decision-making.

KEY RESPONSIBILITIES AND ACCOUNTABILITY

• Lead actuarial valuations, reviews and advisory work, including IAS 19 post-employment healthcare liability valuations, long-term funding assessments and related actuarial reporting.
• Provide technical actuarial input into healthcare, medical scheme and employee benefits consulting, including pricing, benefit design, product comparisons, scheme benchmarking and strategic market reviews.
• Develop and maintain actuarial models, decision-support tools, Power BI dashboards, DAX measures, Python-based analytical workflows and management information that