Actuarial Manager

Actuarial Manager

Overview

Our client is seeking a highly skilled and experienced Actuarial Manager to lead the process of setting and managing actuarial assumptions within their Valuations and Modelling department. This role is pivotal in ensuring that assumptions are accurate, data-driven, and governed through robust controls and approval processes. The successful candidate will play a key role in analysing experience data, developing assumptions, assessing business impacts, and presenting recommendations to governance forums. This position also involves overseeing the basis-setting framework, including methodology, governance, and operating models, while driving continuous improvements in assumption development and management.

Responsibilities

• Lead the process of setting and managing actuarial assumptions across the department.
• Analyse experience data and develop well-supported actuarial assumptions.
• Assess business impacts of assumptions and present recommendations to governance forums.
• Oversee the basis-setting framework, including methodology, governance and operating models.
• Coordinate basis-setting activities across various teams within the business.
• Provide final assumption recommendations and ensure alignment with regulatory and business requirements.
• Drive continuous improvements in assumption development and management processes.
• Ensure compliance with regulatory, IFRS 17, SAM, and capital reporting requirements.
• Design and oversee controls for data readiness, assumption calculations, documentation, and approvals.
• Provide audit walkthroughs, peer reviews, and governance evidence.

Qualifications

Minimum Requirements:

• Honours Degree in Actuarial Science or Mathematics.
• Master’s Degree in Data Science or Statistics.

Preferred:

• Honours Degree in Actuarial Science, Mathematics, Statistics, Data Science, or a related quantitative field.
• Qualified Fellow of the Actuarial Society of South Africa (FASSA) or equivalent actuarial professional body.