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Actuarial Associate

Job in Johannesburg, 2000, South Africa
Listing for: Network Recruitment
Full Time position
Listed on 2026-02-20
Job specializations:
  • Finance & Banking
    Actuary, Financial Analyst, Risk Manager/Analyst
Job Description & How to Apply Below

Are you an analytical powerhouse who thrives on solving complex problems, optimizing processes, and turning data into strategy? Do you want a role where your ideas matter, your development is supported, and your work shapes the future of a specialist insurance ecosystem?

If yes — then this is the opportunity you’ve been waiting for.

You’ll be joining a high‑performance Actuarial unit within a dynamic Finance team. Expect a collaborative environment, a flat structure, and genuine ownership from day one. This is a space where curiosity is celebrated, innovation is encouraged, and your “flavour” is not just welcome — it’s needed.

What You Will Do Reserving & Capital
  • Perform monthly reserving calculations including IBNR and OSCR.
  • Support economic capital reporting.
  • Conduct Actual vs Expected analyses to keep the portfolio razor sharp.
IFRS 17 Reporting
  • Prepare quarterly PAA-based IFRS 17 workings and results.
  • Perform eligibility assessments and onerous contract testing.
Automation & Process Enhancement
  • Modernize and refine actuarial and IFRS 17 models.
  • Build, improve, and automate workflows — efficiency is your playground.
Data & Integrity
  • Deep dive into data to uncover trends, anomalies, and insights.
  • Identify, resolve, and prevent data quality issues through smart controls.
Governance & Documentation
  • Maintain world‑class documentation for processes, models, and methodologies.

Ad-hoc analysis is part of the game — versatility is key.

What You Bring Education & Qualification
  • BSc/BCom in Actuarial Science (or equivalent).
  • Nearly or newly qualified actuary (ASSA or equivalent).
  • Bonus: FASSA, programming skills (VBA, R, Python), Power

    BI.
Experience
  • 3+ years in actuarial or short‑term insurance environments.
  • Strong data‑handling capability.
  • Advantageous experience in:

    IFRS 17
  • Reserving/Reporting
  • Automation of actuarial/financial models
  • Trade Credit or Guarantee environments
Skills That Make You Unstoppable
  • Advanced Excel; SQL/Python/VBA beneficial.
  • Exceptional analytical & problem‑solving ability.
  • Strong attention to detail.
  • Ability to communicate clearly with technical and non‑technical stakeholders.
  • Tech‑savvy, inquisitive, and always seeking better ways of doing things.
Who You Are:
  • A self‑starter who takes initiative.
  • A team player who contributes to positive culture.
  • Organized, consistent, and able to juggle multiple priorities.
  • Curious, motivated, long‑term minded.
  • Willing to go the extra mile — not because you have to, but because you care.
Apply Now!

This role is designed for someone who wants to lead, not just execute.

For more exciting Finance vacancies, please visit: (Use the "Apply for this Job" box below)..networ

I also specialize in recruiting in the following:

  • Actuarial
  • Data Analytics
  • Quantitative Risk

If you have not had any response in two weeks, please consider the vacancy application unsuccessful. Your profile will be kept on our database for any other suitable roles.

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Position Requirements
10+ Years work experience
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