Actuarial Manager: Reserving and Regulatory Capital Management

Join Tih, Home To Some Of South Africa’S Leading Financial Service Providers, And Grow Your Career While Being Part Of An Organisation With Purpose.

Job Purpose

Manage a team of Actuarial Analysts within the Non-Life Corporate Actuarial team, reporting to the Head of Corporate Actuarial. The role is responsible for driving the delivery of high-quality actuarial solutions that support strategic business objectives by effectively modelling, monitoring and interpreting key metrics. This includes ensuring robust processes, providing insights to senior stakeholders, and maintaining compliance with regulatory and governance standards.

Responsibilities

Manage and oversee both solo and group Solvency Assessment and Management (SAM) calculations and reporting, ensuring compliance with regulatory requirements.

Oversee end-to-end reserving processes, including methodology development, assumption setting and engagement with business stakeholders on reserve adequacy and changes

Drive IFRS17 implementation and ongoing reporting, ensuring alignment with accounting and actuarial standards

Working closely with the HAF and auditors on SAM, Reserving and IFRS17 reviews

Supporting the Risk team in developing and maintaining ERM frameworks, including ORSA, Risk Appetite and Stress & Scenario testing

Lead, mentor and develop a team of actuarial analysts, fostering technical excellence, innovation and accountability

Present actuarial insights and recommendations to senior management, Board committees, and other stakeholders to inform strategic decision making.

Develop actuarial or statistical models to support pricing, capital management and business planning

Drive continuous improvement initiatives, enhancing operation efficiency, automation and risk mitigation withing the actuarial function

Education

Bachelor of Science: Actuarial Science (Required)

Experience

5 or more years actuarial experience (Essential); 3 or more years' actuarial experience within a Short-Term insurance environment (Essential); 1 or more years’ experience of planning and managing resources to deliver predetermined objectives as specified by more senior managers (Essential); 3 or more years’ experience in reserving, SAM and IFRS reporting (Essential); Experience in ResQ software (Advantageous)

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