91 Actuary jobs in South Africa

Overview

Fully Qualified Actuary Wanted! Lead IFRS 17 Reporting & Valuations in a High-Impact Insurance Finance Role – Based in Stellenbosch

Company and Job Description:

A leading financial services provider is seeking a Finance Actuary to join their dynamic Insurance Finance team in Stellenbosch . This is an excellent opportunity for a newly or fully qualified actuary with strong experience in IFRS 17 and valuation reporting to take ownership of key deliverables in financial and solvency reporting.

The role offers exposure to both life insurance valuations and strategic financial management, including forecasting, capital management, and financial soundness compliance. You’ll be part of a purpose-driven team that is focused on delivering accessible and transparent insurance solutions to the market.

If you're passionate about actuarial finance, thrive in a fast-paced environment, and want to be part of a team that’s reshaping the way insurance works — this is the role for you.

• Perform monthly, quarterly, and annual calculations of insurance contract liabilities and profit on an IFRS 17 basis.
• Lead forecasting of IFRS 17 profits for budgeting and monthly re-forecasting cycles.
• Assist with solvency capital requirement calculations and quantitative reporting templates (QRTs).
• Support the development and refinement of actuarial valuation models, financial controls, and reporting processes.
• Collaborate with multidisciplinary teams to support insurance finance strategy.

• Education:
• Honours Degree in Actuarial Science
• Fully qualified or newly qualified actuary (all exams completed)
• Experience:
• Minimum of 3 years’ actuarial experience in the life insurance industry
• Solid experience in IFRS 17 reporting and valuations
• Exposure to capital management and solvency regulations (FSS/SAM)
• Experience working with Prophet or similar actuarial modelling tools
• Familiarity with data visualisation tools such as Power BI is advantageous
• Strong team collaboration and deadline-driven mindset

Apply now! Please send your CV to

For more exciting Finance and Actuarial vacancies, please visit:

I also specialise in recruiting in the following:

• Actuarial Valuations

• IFRS 17 & SAM / FSS

• Life Insurance Finance

• Prophet Modelling

• Capital Management

If you have not had any response in two weeks, please consider the vacancy application unsuccessful. Your profile will be kept on our database for other suitable roles.

• Deliver actuarial consulting solutions across life insurance domains (product development, reserving, embedded value, capital modelling, etc.)
• Support and lead client engagements, providing data-driven insights and actionable recommendations
• Apply analytical tools (Python, R, and Excel VBA) to optimize models and enhance reporting efficiency
• Contribute to strategic projects that influence financial performance and business outcomes

• Fully qualified Actuary (FASSA or international equivalent)
• Minimum 3 years experience within the life insurance space
• Technical exposure to IFRS17, SAM, and automation tools such as Python / R / Excel VBA
• Strong problem-solving and communication skills able to translate complex findings into clear business insights
• A natural collaborator who thrives in client-facing and high-performing team environments

• Perform IFRS 17 calculations for insurance contract liabilities and profits.
• Support profit forecasting, budgeting, and monthly re-forecasting.
• Assist with solvency assessments in line with Financial Soundness Standards (formerly SAM).
• Contribute to actuarial valuations, financial reporting, and statutory submissions.

• Education:
  • Newly or nearly qualified Actuary (all exams completed).
  • Honours Degree in Actuarial Science.
• Experience: 3+ years in life insurance (valuation, reporting, or capital management).
• Skills:
  • Actuarial modelling software (Prophet or similar).
  • Data visualisation tools (e.g., Power BI).
  • Strong knowledge of IFRS 17.
  • Team-oriented mindset, with the ability to handle multiple deadlines.

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.

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.

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.

Overview

We’re partnering with a leading diversified financial services group that is redefining insurance to be more accessible, transparent, and client-centric. They are looking for a Finance Actuary to join their growing Insurance team and play a key role in shaping the future of financial reporting and valuation.

As a Finance Actuary, you will contribute directly to the financial performance and resilience of the insurance business through:

• Performing periodic (monthly, quarterly, bi-annual, and annual) insurance contract liability and profit calculations on an IFRS 17 basis.
• Contributing to forecasted IFRS 17 profit calculations for annual budgets and re-forecasting cycles.
• Supporting the calculation of solvency requirements in line with the Financial Soundness Standard for Insurers (previously SAM).
• Assisting with the completion of quantitative reporting templates for statutory solvency reporting.
• Developing and maintaining processes and controls for actuarial valuation and financial reporting.

This role will provide exposure across valuation, reporting, solvency, and capital management, while contributing to innovative actuarial practices within a dynamic insurance team.

• 8+ years’ actuarial experience in the life insurance sector, particularly in valuation, reporting, or capital management.
• Honours Degree in Actuarial Science (or equivalent).
• Strong working knowledge of IFRS 17.
• Experience with actuarial modelling software (e.g., Prophet).
• Exposure to data visualisation tools (Power BI or similar) advantageous.
• A collaborative mindset with the ability to thrive in a team with multiple deliverables.

Please note that by submitting your personal information to Deka Minas you freely give consent to use such data for the specific purpose of securing you either permanent or temporary employment. Our business makes use of a POPIA compliant database and you have the right to access, right to correction and right to deletion of your personal information.