Overview
Actuarial Manager Jobs in City of Johannesburg, Gauteng, South Africa at Communicate Recruitment
Title: Actuarial Manager
Company: Communicate Recruitment
Location: City of Johannesburg, Gauteng, South Africa
Senior Non-Life Actuarial Reserving Manager
Johannesburg, South Africa
A leading financial services organisation is looking for an experienced Non-Life Actuarial Reserving Manager to take ownership of reserving activities and provide actuarial insights that support financial reporting, risk management, and business decision-making.
This is an excellent opportunity for an actuary who is nearly qualified through to newly qualified, with a strong background in Non-Life reserving and hands-on ResQ experience.
Key Responsibilities
- Lead and oversee the Non-Life actuarial reserving process.
- Perform and review quarterly and annual reserving analyses.
- Develop, maintain, and enhance reserving models and methodologies.
- Use ResQ to perform detailed reserving analysis and modelling.
- Analyse claims development patterns, trends, assumptions, and emerging experience.
- Provide insights into reserve adequacy and communicate findings to senior stakeholders.
- Prepare actuarial reports, management information, and reserving recommendations.
- Support financial reporting, planning, forecasting, and capital-related requirements.
- Perform reasonableness checks and peer reviews of actuarial models and outputs.
- Identify opportunities to improve reserving methodologies, processes, and efficiencies.
- Work closely with Finance, Underwriting, Claims, Risk, and other business stakeholders.
- Present actuarial findings and recommendations to senior management where required.
- Mentor and provide technical guidance to junior and intermediate actuarial professionals.
Requirements
- Nearly qualified to newly qualified Actuary.
- 5+ years’ actuarial experience within the Non-Life / General Insurance environment.
- Strong practical experience in Non-Life reserving.
- Hands-on experience using ResQ is essential.
- Strong understanding of reserving methodologies and claims development techniques.
- Experience working with large and complex insurance datasets.
- Strong analytical and problem-solving capabilities.
- Excellent Excel and actuarial modelling skills.
- Ability to communicate complex actuarial concepts clearly to both technical and non-technical stakeholders.
Advantageous
- Experience across multiple Non-Life insurance classes.
- Exposure to IFRS 17, SAM, capital modelling, or financial reporting.
- Experience working closely with senior management and business stakeholders.
- Experience mentoring or managing actuarial professionals.
- Exposure to automation, Python, R, SQL, or other analytical tools.
The Ideal Candidate
We’re looking for an experienced Non-Life reserving professional who can operate with a high degree of autonomy and bring strong technical actuarial expertise to the team. You should be comfortable challenging assumptions, interpreting claims experience, and translating complex reserving results into meaningful commercial insights.
If you’re a nearly/newly qualified actuary with 5+ years of Non-Life reserving experience and strong ResQ expertise, this could be an excellent next step in your career.
Apply now!
Stefan Pretorius
Recruiter