What Jobs are available for Actuary in South Africa?

Contract Type:

Brick and Mortar

Location:

Johannesburg - GP

Date Published:

Job ID:

REF36254Y

Company Description:

About Sutherland

Artificial Intelligence. Automation. Cloud engineering. Advanced analytics. For business leaders, these are key factors of success. For us, they're our core expertise.

We work with iconic brands worldwide. We bring them a unique value proposition through market-leading technology and business process excellence.

We've created over 200 unique inventions under several patents across AI and other critical technologies. Leveraging our advanced products and platforms, we drive digital transformation, optimize critical business operations, reinvent experiences, and pioneer new solutions, all provided through a seamless "as a service" model.

For each company, we provide new keys for their businesses, the people they work with, and the customers they serve. We tailor proven and rapid formulas, to fit their unique DNA. We bring together human expertise and artificial intelligence to develop digital chemistry. This unlocks new possibilities, transformative outcomes and enduring relationships.

Sutherland

Unlocking digital performance. Delivering measurable results.

Job Description:

• Analyze data to estimate the probability and likely cost of events such as death, sickness, injury, disability, or property loss.
• Design and price insurance policies, pension plans, and other financial strategies.
• Develop and implement actuarial models using statistical software (e.g., SAS, R, Python, Excel).
• Collaborate with underwriting, finance, and product development teams to assess risk and support business strategies.
• Prepare reports, forecasts, and presentations for stakeholders and senior management.
• Stay current with regulatory requirements and ensure compliance with relevant laws and guidelines.
• Support the development of new products by assessing profitability and risk exposure.
• Assist in valuation and financial reporting processes.

Qualifications:

• Bachelor's degree in Actuarial Science, Mathematics, Statistics, Economics, or related field.
• Successful completion of actuarial exams (e.g., ASA or progressing toward FSA or equivalent).
• Strong analytical, mathematical, and problem-solving skills.
• Proficiency in Microsoft Excel and actuarial software (e.g., Prophet, MoSes, or equivalent).
• Working knowledge of programming or statistical languages such as SQL, R, Python, or VBA.

Additional Information:

• Prior experience in insurance, pensions, consulting, or financial services.
• Familiarity with regulatory frameworks such as Solvency II, IFRS 17, or GAAP.
• Excellent communication skills and the ability to present complex findings clearly.

Your information will be kept confidential according to EEO guidelines.

About Discovery
Discovery's core purpose is to make people healthier and to enhance and protect their lives. We seek out and invest in exceptional individuals who understandand support our core purpose, and whose own values align with those of Discovery. Our fast-paced and dynamic environment enables smart, self-driven peopleto be their best. As global thought leaders, Discovery is passionate about innovating to not only achieve financial success, but to ignite positive and meaningfulchange within our society.

About Discovery Invest
Discovery Invest is an ever growing fast-paced and dynamic environment that provides innovative investment products to retail clients. This environment thriveson customer engagement and customer experience as well as mutually beneficial relationships with our brokers and other stakeholders. It is important for ouremployees to provide world class service to our internal and external clients, thereby ensuring long and sustainable relationships.

About Discovery Invest Actuarial Valuations
Discovery Invest's dynamic environment offers a strong strategic business focus in addition to traditional challenges associated with a technical valuation role.Invest's actuarial valuation team forms an integral part of the business. The emphasis is on the understanding and communication of financial numbers to enablethe business to optimise its products and financial position.

Role Description

The primary focus of this is role the preparation of actuarial data for valuation purposes, performing ongoing actuarial experience monitoring and preparation ofactuarial experience reports for Discovery Invest. This role further provides the opportunity to perform ad-hoc experience investigations and continually enhancethe analytical capability of the Invest Actuarial Valuations team. The role therefore fulfils a key function within Discovery Invest to ensure the accuracy of financialresults and appropriateness of the actuarial bases used to perform actuarial valuations. Success in this role will be achieved through effective ownership of thedata and experience monitoring processes and continuously enhancing the management information extracted from these processes.

Key Outputs / Job Responsibilities - The Key Outputs And Job Responsibilities For This Role May Include, But Are Not Limited To:

Reporting on monthly actuarial experience for ongoing monitoring of the business

Maintaining and enhancing the existing reporting and experience monitoring processes

Performing ad-hoc experience investigations to inform understanding of underlying policyholder behaviour

Creating and ensuring modelpoint files are accurate for semi-annual financial and regulatory reporting periods

Maintaining and enhancing the modelpoint file process to improve efficiency

Performing data investigations and incorporating improvements into the monthly process

Supporting senior actuaries in team with their various semi-annual financial and quarterly

Regulatory valuation responsibilities

Supporting senior actuaries in other day to day tasks

Essential:
Education / Qualifications

Matric

Completed degree in Actuarial Science and/or Mathematical Statistics

Nearly academically qualified with maximum 1-2 actuarial exemptions remaining

Advantageous

Recently qualified actuary or academically qualified with only normative skills remaining

Professional Registration

Student/Technical/Fellow of the Actuarial Society of South Africa

Experience
Essential

1-3 years' experience

Advantageous

Up to 5 years' experience as an actuary/actuarial analyst

Technical Skills / Knowledge

Essential
Advanced Analytical abilities

Advanced Communication skills

Advanced competence on MS Word, MS Excel and MS Outlook

Advantageous

Intermediate Prophet/DCS

Intermediate SQL

Intermediate Python/R

EMPLOYMENT EQUITY

The Company's approved Employment Equity Plan and Targets will be considered as part of the recruitment process. As an Equal Opportunities employer, we actively encourage and welcome people with various disabilities to apply.

Business Unit: Discovery Life

Function: Actuarial Sciences

Date: 7 Oct 2025

About Discovery

Discovery's core purpose is to make people healthier and to enhance and protect their lives. We seek out and invest in exceptional individuals who understandand support our core purpose, and whose own values align with those of Discovery. Our fast-paced and dynamic environment enables smart, self-driven peopleto be their best. As global thought leaders, Discovery is passionate about innovating to not only achieve financial success, but to ignite positive and meaningfulchange within our society.

About Discovery Invest

Discovery Invest is an ever growing fast-paced and dynamic environment that provides innovative investment products to retail clients. This environment thriveson customer engagement and customer experience as well as mutually beneficial relationships with our brokers and other stakeholders. It is important for ouremployees to provide world class service to our internal and external clients, thereby ensuring long and sustainable relationships.

About Discovery Invest Actuarial Valuations

Discovery Invest's dynamic environment offers a strong strategic business focus in addition to traditional challenges associated with a technical valuation role.Invest's actuarial valuation team forms an integral part of the business. The emphasis is on the understanding and communication of financial numbers to enablethe business to optimise its products and financial position.

Role Description

The primary focus of this is role the preparation of actuarial data for valuation purposes, performing ongoing actuarial experience monitoring and preparation ofactuarial experience reports for Discovery Invest. This role further provides the opportunity to perform ad-hoc experience investigations and continually enhancethe analytical capability of the Invest Actuarial Valuations team. The role therefore fulfils a key function within Discovery Invest to ensure the accuracy of financialresults and appropriateness of the actuarial bases used to perform actuarial valuations. Success in this role will be achieved through effective ownership of thedata and experience monitoring processes and continuously enhancing the management information extracted from these processes.

Key Outputs / Job Responsibilities - The key outputs and job responsibilities for this role may include, but are not limited to:

Reporting on monthly actuarial experience for ongoing monitoring of the business

Maintaining and enhancing the existing reporting and experience monitoring processes

Performing ad-hoc experience investigations to inform understanding of underlying policyholder behaviour

Creating and ensuring modelpoint files are accurate for semi-annual financial and regulatory reporting periods

Maintaining and enhancing the modelpoint file process to improve efficiency

Performing data investigations and incorporating improvements into the monthly process

Supporting senior actuaries in team with their various semi-annual financial and quarterly

Regulatory valuation responsibilities

Supporting senior actuaries in other day to day tasks

Education / Qualifications

Essential:

Matric

Completed degree in Actuarial Science and/or Mathematical Statistics

Nearly academically qualified with maximum 1-2 actuarial exemptions remaining

Advantageous

Recently qualified actuary or academically qualified with only normative skills remaining

Professional Registration

Student/Technical/Fellow of the Actuarial Society of South Africa

Experience

Essential

1-3 years' experience

Advantageous

Up to 5 years' experience as an actuary/actuarial analyst

Technical Skills / Knowledge

Essential

Advanced Analytical abilities

Advanced Communication skills

Advanced competence on MS Word, MS Excel and MS Outlook

Advantageous

Intermediate Prophet/DCS

Intermediate SQL

Intermediate Python/R

EMPLOYMENT EQUITY

The Company's approved Employment Equity Plan and Targets will be considered as part of the recruitment process. As an Equal Opportunities employer, we actively encourage and welcome people with various disabilities to apply.

Are you a qualified actuary or partially qualified actuary with a passion for life insurance and a track record of delivering impactful actuarial insights? We're looking for a dynamic professional to join our team and contribute to high-profile consulting and insurance projects.

Key Responsibilities

• Deliver actuarial consulting services to life insurers and reinsurers.
• Lead and support projects across financial modelling, capital, and risk management.
• Collaborate with clients and internal teams to ensure timely, high-quality outcomes.
• Stay ahead of market trends, regulatory changes (e.g., Solvency II, IFRS 17), and product developments.
• Contribute to business development and thought leadership initiatives.

What We're Looking For

• Qualified actuary with 5–7 years of experience in life insurance or life (re)insurance consulting.
• Strong understanding of actuarial modelling, capital requirements, and financial reporting.
• Proven ability to manage projects and lead small teams.
• Excellent communication skills with the ability to engage both technical and non-technical stakeholders.
• Flexible, analytical, and client-focused mindset.
• Willingness to travel and work on-site with clients when required.

Shape Your Future With Us

General Re Corporation, a subsidiary of Berkshire Hathaway Inc., is a holding company for global reinsurance and related operations, with more than 2,000 employees worldwide. It owns General Reinsurance Corporation and General Reinsurance AG, which conducts business as Gen Re.

Gen Re delivers reinsurance solutions to the Life/Health and Property/Casualty insurance industries. Represented in all major reinsurance markets through a network of 37 offices, we have earned superior financial strength ratings from each of the major rating agencies.

GRSA Services (PTY) Ltd based in
Cape Town
is offering an opportunity for a
Reserving Actuary - 12 Month Contract
in our Life Australia, UK, SA, Canada division.

This role is based in Cape Town but will be supporting the UK valuation team with financial and capital reporting requirements by performing several key steps in the valuation process.

Key Responsibilities

•Assist with financial reporting and calculation of reserves.

•Ongoing analysis of the inforce portfolio.

•Development of financial forecasts for internal reporting purposes.

•Production of additional financial information for management.

Qualifications & Experience

•Experience of working in an insurer or reinsurer will be an advantage.

•Newly qualified actuary or good progress with actuarial exams.

•Excellent numerical and analytical skills.

•Strong problem-solving skills.

•Consistent pursuit of excellence in execution and delivery.

•Self-motivated and able to work with minimum supervision.

•Excellent IT skills (MS Office, SQL Server, working with large datasets).

•Coding skills in VBA, SQL, R or other statistical coding environments is desirable.

•Able to work under pressure in meeting internal and external deadlines.

•Strong communication skills, both verbal and written, and the ability to summarise complex information clearly and concisely.

•Knowledge of LDTI and Solvency II will be advantageous.

•Strong interpersonal skills with an ability to work effectively as part of a team, deal with people at all levels and in all areas of the business.

•Must display client focus, creativity, intuition, integrity, decisiveness, collaboration, accountability and be prepared to represent Gen Re with professionalism.

Closing Date

30 November 2025

Our Address

GRSA Services (PTY) Ltd

2nd Floor, Waterway House North, 3 Dock Road, V&A Waterfront, 8001

It is the continuing policy of the Gen Re Group to afford Equal Opportunity to qualified individuals without regard to race, color, sex (including childbirth or related medical conditions), religion, national origin or citizenship, sexual orientation, gender identity, or any characteristic protected by applicable law. In addition, Gen Re provides reasonable accommodation for qualified individuals with disabilities in accordance with the Americans with Disabilities Act.

Head: Product Development (Insurance)

Are you a visionary insurance leader ready to drive disruptive product innovation? We are looking for a
Head of Product Development
to shape strategy, lead a dynamic team, and design innovative life insurance solutions that deliver real value to clients.

About the Role

This is a senior leadership position where you'll play a critical role in defining and executing the product development strategy for a growing insurance business. You'll be responsible for creating simple, innovative, and client-centric life insurance products that stand out in the market, while ensuring sustainable growth and profitability.

Key Focus Areas

• Strategy & Execution
  : Drive the product development strategy, align it to business objectives, and ensure profitable growth.
• Product Design & Roadmap
  : Lead the design, pricing, and delivery of innovative life insurance products, including ongoing enhancements and updates.
• Client Insights
  : Harness data and client feedback to shape client-centric solutions, improve experiences, and increase loyalty.
• People Leadership
  : Build, inspire, and manage a high-performing team while driving transformation and growth.
• Stakeholder Management
  : Engage with executives, regulators, reinsurers, and industry forums to ensure alignment, compliance, and innovation.

The Ideal Candidate

• Qualified Actuary with
  10+ years' industry experience
  across life insurance.
• Proven track record in
  life product design, development, and client experience
  .
• Strong experience in
  reinsurance structures
  and stakeholder collaboration.
• Deep knowledge of
  insurance regulations, IFRS17, and capital optimisation
  .
• Data-driven decision maker with expertise in trend analysis, client insights, and profitability levers.
• Experienced leader with the ability to inspire, manage, and develop teams.

Skills & Knowledge

• Comprehensive knowledge of the life insurance landscape and competitor activity.
• Expertise in product life cycle management and business case development.
• Strong understanding of value of new business (VNB) drivers.
• Agile project management and ability to lead complex cross-functional initiatives.

Why This Opportunity?

This is your chance to lead the transformation of life insurance products by bringing disruptive, client-first innovation to the market. If you're driven by creating solutions that balance profitability with accessibility and want to leave a mark on the future of insurance, this role is for you.

Apply now to be part of shaping the next generation of insurance solutions.

Stefan Pretorius

Recruiter

Finance Actuary – Cape Town

Are you a
fully qualified FASSA
ready to bring your actuarial expertise into a dynamic, fast-paced financial services environment?

We're looking for a talented
Finance Actuary
to play a key role in driving insights, strengthening financial reporting, and influencing strategic business decisions.

What you'll bring:

• Fellow of the Actuarial Society of South Africa (FASSA)
  – fully qualified.
• Strong technical knowledge in finance, reserving, and reporting.
• Ability to translate complex actuarial insights into impactful business strategies.
• Proven stakeholder engagement skills with senior leaders.

Why this role?

• Shape financial strategy at an exciting, future-focused institution.
• Join a high-performing, collaborative actuarial team.
• Be based in
  Cape Town
  – combining career growth with a world-class lifestyle.

If you're a
qualified actuary
ready to make your mark, we'd love to hear from you.

Apply today and let's discuss your next career step.

Disclaimer:

If you do not hear back from us within two weeks, please consider your application for this vacancy unsuccessful. Your profile will be kept on our database for any other suitable roles in the future. We also invite you to reach out to us to discuss your next finance career opportunity.

For more finance jobs, visit: Network Recruitment International

Guardrisk is the undisputed market leader in cell captive insurance and risk solutions. We are renowned for our innovative approach to cell captive structures and other alternative risk transfer solutions for our clients. Guardrisk offers clients custom designed cover and is registered in South Africa as an insurer for all statutory classes of non-life and life insurance business.

Responsibilities

Assist with the pricing of new and existing group and individual life insurance products.

Develop technical pricing models with a focus on life insurance products.

Assist with reviewing new products in line with regulatory and professional guidelines.

Assist with the structuring of new products and deals.

Engage clients and internal stakeholders on technical matters.

Competencies and Skills

Strong analytical thinking skills.

Innovative and solutions-focused mindset.

Effective communicator, both written and verbal.

Confident engaging with a range of stakeholders across functions.

Collaborative and able to build strong working relationships.

Well-organised with strong interpersonal skills.

Comfortable applying a range of actuarial techniques.

Quick learner with a self-starter attitude.

Adaptable and able to work effectively in a dynamic environment.

Able to deliver high-quality work under pressure and meet tight deadlines.

Experience & Qualifications

Bachelor's Degree in Actuarial Science

Qualified or nearly qualified actuary (FASSA or internationally recognised equivalent, or on track to attain fellowship within 18 months)

3 years' experience in the life insurance industry

Experience in a pricing role preferred

Should you not hear from us within 21 days, kindly consider your application unsuccessful.