We present the design, simulation, and characterization of a magnetic shape-memory alloy (MSMA) film actuator that transitions from bistable switching to resonant self-actuation when subjected to a stationary heat source. The actuator design comprises two Ni-Mn-Ga films of 10 µm thickness integrated at the front on either side of an elastic cantilever that moves freely between two heatable miniature permanent magnets and, thus, forms a bistable microswitch. Switching between the two states is induced by selectively heating the MSMA films above their Curie temperature Tc. When continuously heating the permanent magnets above Tc, the MSMA film actuator exhibits an oscillatory motion in between the magnets with large oscillation stroke in the frequency range of 50–60 Hz due to resonant self-actuation. A lumped-element model (LEM) is introduced to describe the coupled thermo-magnetic and magneto-mechanical performance of the actuator. We demonstrate that this performance can be used for the thermomagnetic energy generation of low-grade waste heat (T < 150 °C) with a high power output per footprint in the order of 2.3 µW/cm2.