JOB ADVERT

ZISC General Insurance Limited is a leading provider of customer-centric general insurance solutions, committed to excellence, integrity, and strong corporate governance. As an equal opportunity employer and a proud member of the IDC Group of Companies, we continue to build a high-performance culture driven by professionalism, innovation, and excellent service.

We are therefore inviting applications from suitably qualified, experienced, and results-driven professionals to fill the following position:

MANAGER – ACTUARIAL

Reporting to: Chief Technical Operations Officer

JOB PURPOSE

To provide actuarial leadership and technical expertise in pricing, reserving, capital management and risk modelling, supporting ZISC-GI’s financial stability, profitability and regulatory compliance in line with the Company’s Strategic Business Plan, risk appetite and solvency requirements.

KEY RESPONSIBILITIES

1. Actuarial Pricing and Product Development

• Leads development and review of pricing models for all general insurance products.
• Ensures premiums are technically adequate, competitive and within risk appetite.
• Provides actuarial input into new and existing products, rating structures and underwriting limits.

2. Reserving and Financial Reporting

• Oversees claims, unearned premium and IBNR reserving.
• Ensures reserves are accurate and adequate in line with actuarial and regulatory standards.
• Provides actuarial inputs to financial statements, audits and IFRS reporting.

3. Capital Management and Solvency

• Conducts capital adequacy and solvency assessments.
• Develops and monitors capital models and stress testing frameworks.
• Advises on capital optimisation and risk transfer mechanisms.

4. Risk Modelling and Analytics

• Develops actuarial and statistical models for forecasting and scenario analysis.
• Performs sensitivity analysis, stress testing and catastrophe modelling.
• Provides data-driven insights to support enterprise risk management.

5. Reinsurance Support and Advisory

• Supports design, review and optimisation of reinsurance programmes.
• Assesses reinsurance impact on profitability, exposure and capital.
• Provides technical analysis and pricing insights for reinsurer negotiations.

6. Strategic Advisory and Governance

• Advises Executive Management and the Board on pricing strategy and sustainability.
• Supports regulatory submissions, solvency reports and actuarial certifications.
• Maintains robust actuarial documentation, assumptions and model governance.

QUALIFICATIONS / CERTIFICATIONS

• Grade 12 School Certificate.
• Bachelor’s Degree in Actuarial Science, Mathematics, Statistics, Economics or related field.
• Professional actuarial qualification (e.g. ASA, FIA, FASSA, AIA) or progress towards qualification.
• Member of the Institute & Faculty of Actuaries or other internationally recognised body.
• Minimum of 6 years of relevant work experience.
• ZAGCA Certification for all qualifications.

KEY TECHNICAL SKILLS & COMPETENCIES

• Advanced actuarial modelling and statistical analysis skills.
• Strong knowledge of general insurance pricing, reserving and capital modelling.
• Proficiency in R, Python, Excel, SQL and actuarial reserving software.
• Strong understanding of insurance regulations, solvency frameworks and financial reporting standards.
• Ability to explain complex actuarial concepts to non-technical stakeholders.
• High integrity, accuracy and attention to detail.

WORK ENVIRONMENT

Works in an office environment within ZISC-GI, managing multiple complex, time-sensitive projects such as financial reporting and regulatory submissions.

Stakeholder Interaction

Extensive interaction with senior management, regulators, auditors and reinsurers.

• Leads development and review of pricing models for all general insurance products.
• Ensures premiums are technically adequate, competitive and within risk appetite.
• Provides actuarial input into new and existing products, rating structures and underwriting limits.
• Oversees claims, unearned premium and IBNR reserving.
• Ensures reserves are accurate and adequate in line with actuarial and regulatory standards.
• Provides actuarial inputs to financial statements, audits and IFRS reporting.
• Conducts capital adequacy and solvency assessments.
• Develops and monitors capital models and stress testing frameworks.
• Advises on capital optimisation and risk transfer mechanisms.
• Develops actuarial and statistical models for forecasting and scenario analysis.
• Performs sensitivity analysis, stress testing and catastrophe modelling.
• Provides data-driven insights to support enterprise risk management.
• Supports design, review and optimisation of reinsurance programmes.
• Assesses reinsurance impact on profitability, exposure and capital.
• Provides technical analysis and pricing insights for reinsurer negotiations.
• Advises Executive Management and the Board on pricing strategy and sustainability.
• Supports regulatory submissions, solvency reports and actuarial certifications.
• Maintains robust actuarial documentation, assumptions and model governance.

• Advanced actuarial modelling and statistical analysis skills.
• Strong knowledge of general insurance pricing, reserving and capital modelling.
• Proficiency in R, Python, Excel, SQL and actuarial reserving software.
• Strong understanding of insurance regulations, solvency frameworks and financial reporting standards.
• Ability to explain complex actuarial concepts to non-technical stakeholders.
• High integrity, accuracy and attention to detail.

• Grade 12 School Certificate.
• Bachelor’s Degree in Actuarial Science, Mathematics, Statistics, Economics or related field.
• Professional actuarial qualification (e.g. ASA, FIA, FASSA, AIA) or progress towards qualification.
• Member of the Institute & Faculty of Actuaries or other internationally recognised body.
• ZAGCA Certification for all qualifications.