Actuarial Expert with Property Finance Focus

5 days ago


Durban, KwaZulu-Natal, South Africa Acumen Group Full time
Job Overview

Acumen Group is seeking an experienced Senior Actuarial Specialist to join their dynamic team. This role offers a unique opportunity to work across both Life and Non-Life Insurance Businesses and contribute to key strategic initiatives.

About the Role

This Senior Actuarial Specialist will be responsible for performing and reviewing monthly technical provisions (TP) calculations for Life and Non-Life businesses under IFRS17, as well as leading quarterly SAM valuations, returns, and annual valuation processes.

Key Responsibilities
  • Perform and review TP calculations for Life and Non-Life businesses under IFRS17.
  • Lead quarterly SAM valuations, returns, and annual valuation processes.
  • Conduct experience investigations, annual ORSA processes, and risk appetite statement validations.
  • Negotiate Non-Life catastrophe reinsurance treaty renewals.
  • Analyze claims and complaints, propose system improvements, and assess climate and liquidity risks.
  • Ensure compliance with regulatory requirements, including GOI standards.
  • Prepare budgets, share price valuations, and dashboard reports.
  • Collaborate with outsourced HAFs to implement system/process enhancements.
Qualifications and Experience
  • Substantial progress with actuarial exams (at least A100 & A200; A311 preferred).
  • 3-4 years of actuarial experience in Life and/or Non-Life insurance.
  • Proficiency in two or more areas: SAM, IFRS17, ORSA, valuations, AOS/EV calculations, or Prophet coding.
Estimated Salary Range

R1 500 000 - R2 000 000 per annum, depending on experience.


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