Deputy Director: Actuarial Services – Pretoria – Unemployment Insurance Fund

About the Role

The Unemployment Insurance Fund is seeking a Deputy Director: Actuarial Services based in Pretoria. This pivotal role involves conducting actuarial valuations, advanced modelling, and statutory reporting, all of which are essential for maintaining the fund’s compliance and governance. By overseeing data extracts, assumptions, and methodology assurance, you will play a crucial part in ensuring the sustainability of the Unemployment Insurance Fund, which directly supports South African citizens during times of need. Your expertise will help shape policies that impact the livelihood of many, making this a vital position within the public service sector.

In this role, you will coordinate with external actuarial advisors and ensure that the fund remains audit-ready. The importance of your contributions cannot be understated, as they will influence the fund’s effectiveness in providing necessary financial support to unemployed individuals across the country. Joining the Unemployment Insurance Fund means becoming part of a dedicated team that prioritizes the financial well-being of South Africans, making a genuine difference in the community.

About the Department

The Unemployment Insurance Fund operates under the Department of Employment and Labour, which is committed to promoting fair labour practices and ensuring economic stability for all South Africans. The fund provides temporary financial assistance to workers who find themselves unemployed, thereby playing a critical role in alleviating poverty and supporting families during challenging times. Working here means contributing to a mission that directly impacts the lives of individuals and communities across the nation.

What You’ll Do

• Conduct actuarial valuations and advanced modelling for the fund.
• Prepare and ensure accurate statutory reporting.
• Oversee and manage the quality of data extracts and assumptions used in actuarial processes.
• Maintain governance and compliance standards, ensuring audit readiness at all times.
• Coordinate the management of external actuarial advisors.

What You’ll Need

• An undergraduate qualification in Actuarial Science at NQF Level 7, recognized by SAQA.
• A minimum of five years of working experience, including three years in an actuarial environment and two years at an Assistant Director or Junior Management level.
• Proficiency in relevant regulations, including the Public Service Act and National Treasury Regulations.
• Strong understanding of Generally Recognised Accounting Practices (GRAP) and International Financial Reporting Standards (IFRS).
• Demonstrated skills in strategic, managerial, process, and technical competencies.

How to Apply

Please follow the application instructions below.