Actuarial Assistant

4 days ago

Sandton, Gauteng, South Africa Hire Resolve Full time R500 000 - R750 000 per year
We are seeking a driven and technically skilled actuarial professional to join our clients team, with a strong focus on reserving within the non-life insurance space. The successful candidate will play a key role in supporting financial reporting, regulatory submissions, planning processes, and data integrity initiatives. This position offers excellent exposure to core actuarial disciplines, regulatory frameworks, and cross-functional collaboration within a dynamic and evolving insurance environment.

Responsibilities

  • Support the calculation and validation of reserves in alignment with IFRS17 and SAM reporting requirements on both quarterly and annual bases.

  • Provide actuarial input into group financial reporting and forecasting exercises, ensuring accurate and timely delivery of key reserving metrics.

  • Contribute to the financial planning process by supplying reserving-based projections and assumptions for internal and regulatory purposes.

  • Collaborate with internal and external stakeholders, including finance, auditors, and regulatory bodies, to address reserving queries and support audit processes.

  • Assist in preparing and analysing reserve reports, and contribute towards the development and submission of regulatory returns (e.g., SAM QRTs and FSCA Conduct of Business Returns).

  • Take an active role in maintaining and improving data quality management processes, particularly as they relate to actuarial inputs and outputs.

  • Participate in ongoing development and enhancement of actuarial models, tools, and reporting capabilities.

Requirements

  • A degree in Actuarial Science or equivalent.

  • Successful completion of at least the A1 and A2 Technical exams from ASSA, or an equivalent stage with the IFoA.

  • Minimum of 2–3 years of relevant experience in the non-life insurance industry, ideally in a reserving or technical reporting role.

  • Strong understanding of reserving techniques, actuarial modelling, and valuation principles applicable to short-term insurance.

  • Familiarity with South African regulatory standards (e.g., SAM) and the IFRS17 framework.

  • Demonstrated analytical ability, attention to detail, and a proactive approach to problem-solving.

  • Experience communicating complex actuarial concepts to both technical and non-technical stakeholders.

  • Advanced proficiency in MS Excel, with working knowledge of SQL and Power BI. Exposure to ResQ or similar reserving software will be an advantage.

  • High level of accountability and commitment to producing high-quality work within deadlines

Please Note, if you don't match the Requirements or Industry, you won't be considered for this role.

Benefits

  • Competitive salary.

  • Contact Hire Resolve for your next career-changing move today

    • Apply for this role today, contact Lidene Pienaar at Hire Resolve or on LinkedIn
    • Send me your CV
    • You can also visit the Hire Resolve website: or email us your CV: [email protected]
    • Please use "Actuarial Assistant" as your subject line when applying via email 

    We will contact you telephonically in 3 days should you be suitable for this vacancy. If you are not suitable, we will put your CV on file and contact you regarding any future vacancies that arise

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