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Actuarial Executive – General Insurance

Job in Sandton, 2172, South Africa
Listing for: Omega HR Solutions
Full Time position
Listed on 2026-01-06
Job specializations:
  • Finance & Banking
    Actuary, Risk Manager/Analyst
  • Insurance
    Actuary, Risk Manager/Analyst
Job Description & How to Apply Below

I am recruiting on behalf of a specialist actuarial advisory environment for an Actuarial Executive with deep General Insurance expertise. This role is suited to a technically strong actuary who enjoys complex modelling, client-facing work, and shaping actuarial outcomes at a strategic level.

Role Overview

You will deliver high-impact actuarial services across reserving, pricing, capital modelling, and IFRS 17, while providing insight-driven advice to General Insurance clients and supporting senior leadership on complex engagements.

Key Responsibilities

  • Manage actuarial projects across short-term insurance, including reserving, pricing, and capital modelling.

  • Review technical provisions including IBNR, UPR, AURR, and stochastic risk adjustment calculations using R/Python.

  • Support and review IFRS 17 implementation and reporting for General Insurance clients.

  • Provide HAF support and technical input.

  • Perform capital modelling, including economic capital model reviews, challenger model development, and quantitative validation under SAM/RBC.

  • Conduct reinsurance reviews and stochastic optimisation, including geospatial modelling.

  • Support product pricing and design using GLMs, GAMs, and advanced statistical techniques.

  • Build projection models for ORSA, FCR, and business planning.

  • Produce high-quality actuarial reports with clear commercial insight and value-add.

  • Perform market studies and actuarial research.

  • Maintain and strengthen long-term client relationships.

  • Support Associate Directors on delivery and technical oversight.

Requirements

  • Bachelor’s Degree in Actuarial Science, Statistics, Mathematics, or similar.

  • Qualified or near-qualified Actuary.

  • Minimum 7 years’ experience in General Insurance actuarial work (pricing, reserving, or capital modelling).

  • Strong experience with SAM, ORSA, solvency calculations, and valuations.

  • Advanced proficiency in R;
    Python experience advantageous.

  • Experience managing projects and mentoring others is beneficial.

  • Strong analytical judgement, client focus, and commercial awareness.

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