Life Insurance Manager

Riskworx is a boutique Financial and Quantitative Modelling consultancy specialising in Banking and Capital Markets. With over 25 years of experience, we bring a unique fusion of knowledge, skills, and impact to the banking sector.

Our expertise spans a wide range of risk types and balance sheet management concerns, including market, credit, liquidity, and operational risk. We are dedicated to delivering effective solutions that address the complex needs of our clients, helping them navigate evolving regulations and leverage technological advancements to their advantage.

Our commitment to problem-solving, value delivery, and building strong client relationships sets us apart in the industry.

As a Life Insurance Manager at Riskworx, you will support the delivery of actuarial consulting services to clients, working closely with senior colleagues to maintain strong client relationships and contribute to business development initiatives. You will manage and contribute to multiple projects, ensuring high-quality results are delivered on time and within budget. The role involves staying informed on industry developments, including regulatory changes such as Solvency II and IFRS 17, and applying this knowledge to client work. Strong stakeholder engagement, technical expertise in life insurance, and the ability to communicate complex ideas to diverse audiences are essential. Flexibility and occasional travel to client sites are required.

Requirements

Responsibilities

• Supporting clients in the delivery of actuarial consulting services.
• Assisting senior colleagues to build and maintain client relationships by giving support with requests for proposals and the development of sales materials.
• Communicating effectively with project teams to ensure that projects are on time and meet internal and clients' expectations.
•  Supporting intellectual capital development and new business generation.
•  Keeping abreast of developments and initiatives in insurance and reinsurance markets, including changes in legislation, modelling platforms and product developments.

Requirements

• Must have completed the actuarial board exams or be a Fellow of the Actuarial Society of South Africa (FASSA).
• 5–7 years of relevant actuarial experience, ideally within consulting, insurance, or reinsurance.
• Strong analytical and problem-solving skills.
• Excellent communication and teamwork abilities.
• Ability to manage multiple priorities in a fast-paced environment.

Knowledge and Understanding

• Strong stakeholder and project lead experience balanced with technical understanding of actuarial and finance.
• Qualified life actuary with significant life insurance industry experience in consulting or life (re)insurance roles.
• Proven experience and knowledge of Capital/Solvency II and IFRS 17, financial modelling and risk management techniques. 
• Previous experience in review and challenge of models and results desirable.
• Knowledge of a range of insurance products; with-profits knowledge desirable
• Experience in Pricing desirable but not essential. 
• Proven ability to lead small projects or sub-projects/ workstreams (around 2-3 colleagues). 
• Demonstrated success in managing multiple projects and delivering quality results on time and within budget with a strong client service orientation.
• Ability to work effectively both independently and on client teams.
• Flexibility and willingness to work on a wide range of projects. 
• Proven analytical, creative thinking and problem-solving skills to identify and resolve issues.
• Ability to communicate accurately to both technical and non-technical audiences.
• Willingness to travel on an as needed basis.

This role actively supports client companies on their sites and the candidate might be required to spend time on Client Site, which may be in different to a home office.