Actuarial Manager: Non-life Corporate Actuarial at Absa Group Limited (Absa)

End Date: May 11, 2026

Job Description

Own Risk and Solvency Management (ORSA)

• Manage and coordinate the ORSA process for Absa’ non-life insurance entities
• Operate the ORSA projection model
• Set and monitor quantitative risk appetite metrics
• Perform stress and scenario testing as part of the Company’s ORSA processes
• Maintain the ORSA model and identify areas of improvement
• Communication of results to key stakeholders

People Responsibilities

• Manage a small team of actuarial analysts
• Manage deliverables and timelines in own team

Education and experience required

• A Degree in Actuarial Science (Honours degree would be advantageous)
• At least 5 years actuarial work experience within the non-life insurance industry
• Newly or nearly qualified actuary with good exam progression towards qualifying as a Fellow actuary
• Good understanding of the SAM Financial Soundness Standards for Insurers (FSIs) and experience in performing capital calculations
• Experience in non-life reserving techniques and IFRS 17 reporting would be advantageous
• Experience in extracting and transforming data and designing automated processes
• Programming in SQL, Python or VBA would be advantageous