Head: Actuarial Valuations – IAH

Johannesburg, South AfricaFull-timeSeniorHybridPosted 20 Oct 2026

Job Overview

Rand Mutual Admin Services (RMA), established in 1894 and administering claims under the Compensation for Occupational Injuries and Diseases Act (COIDA), is hiring a Head: Actuarial Valuations – IAH in Johannesburg CBD (ref RM-932; apply before 17 November 2026). Reporting to the Executive Actuary, Corporate Actuarial, the Head oversees a team of actuarial professionals responsible for ensuring that all life and non-life actuarial valuations are prepared timeously and accurately, across the COID business and the Life business, with support to the AIT (IT) business.

The role oversees development and maintenance of the actuarial valuation system and data integrity, applies ORSA methodology and SAM processes, prepares actuarial sections of monthly, quarterly and annual regulatory returns, responds to regulator queries, and presents actuarial matters to the Board and its sub-committees as an advisor. It also covers pricing models and premium rates for COID and non-COID products, experience monitoring, capital and solvency management through liability matching, and end-to-end management of reinsurance treaties and renewals. RMA offers flexible work arrangements combining remote and office work.

Key Responsibilities

• Oversee actuarial teams on the COID and Life businesses and support the AIT (IT) business

• Oversee preparation and review of monthly valuation data and maintain integrity of actuarial and valuation data

• Oversee application of ORSA methodology and SAM processes and procedures

• Respond timeously to actuarial queries from regulators (FSB/SARB/SARS)

• Plan and budget actuarial matters; maintain the submission timetable for financial projections

• Advise management on solvency and capital requirements; prepare and present actuarial matters to EXCO, the Board and committees

• Develop pricing models, validate assumptions and set premium rates for COID and non-COID products

• Develop and maintain actuarial systems; monitor reserving and pricing experience

• Manage capital, solvency and investment through liability matching

• Manage the end-to-end reinsurance process, including treaty negotiation and annual renewals

• Prepare actuarial sections of monthly, quarterly and annual Group regulatory returns, including ORSA and SAM reporting

• Manage, train and motivate staff; maintain relationships with the Statutory Actuary and stakeholders

Required Qualifications

• NQF 7 Bachelor’s degree in Actuarial Science

• Qualified Actuary; member of the Actuarial Society / Institute of Actuaries

• Minimum 8 years’ experience in an insurance regulatory environment

• Minimum 5 years’ actuarial experience, specifically in life valuations and life products

• Proven experience in valuations, product management and strategy development

• Strong knowledge of actuarial principles, methodologies and tools (Excel, SAS, R or Python)

• Knowledge of the Insurance Acts (long- and short-term), SAM and IFRS 17; life and non-life experience

• Experience leading and managing a team

Skills & Requirements

Actuarial ValuationsLife & Non-Life ReservingSAMORSAIFRS 17Pricing ModelsCapital & Solvency ManagementReinsuranceRegulatory ReportingCOIDASAS / R / PythonAdvanced ExcelBoard ReportingTeam Leadership