Actuarial Analyst

Placements24; Lorenziberg; Hybrid; EUR 27,000 - 41,000; Full time

Job summary

Placements24 is seeking an Actuarial Analyst for our client, a leading insurance provider, in Queenstown, Eastern Cape. You will develop models for pricing, reserving, and financial projections, analyze data for risk insights, and support solvency calculations.

This hybrid role offers growth through actuarial studies and cross-department collaboration. The ideal candidate is progressing through actuarial exams with strong analytical and communication skills, ready to contribute to regulatory

Qualifications

• Bachelor's degree in a quantitative field (Actuarial Science, Maths, Stats).
• Progress towards FIA/FASSA with exam record.
• 1-3 years actuarial experience preferred.

Responsibilities

• Assist in development and implementation of actuarial models for pricing, reserving and financial projections.
• Analyze insurance data to identify trends, assess risks and support business decisions.
• Calculate policy valuations, premium setting and solvency requirements.
• Support regulatory filings and management reports preparation.
• Collaborate with underwriting, claims and finance to provide actuarial insights.
• Contribute to improving actuarial methodologies and processes.
• Stay current with actuarial best practices and regulations.
• Participate in actuarial examinations and pursue professional designation.

Skills

Analytical skills

Communication skills

Actuarial exam progress

Education

Bachelor's degree in Actuarial Science, Mathematics, Statistics

Tools

Excel

R

SAS

Prophet

Job description

About the Role

Our client, a leading insurance provider, is seeking a bright and motivated Actuarial Analyst to join their team in Queenstown, Eastern Cape. This role is integral to the development and analysis of insurance products, pricing, reserving, and risk assessment. You will apply advanced mathematical and statistical methods to complex financial problems within the insurance domain. The ideal candidate is progressing through actuarial exams, possesses strong analytical capabilities, and has a keen interest in quantitative modeling and risk management. This position offers a fantastic opportunity for professional growth within a supportive environment, contributing to the company's long-term financial health and product innovation.

Key Responsibilities

• Assist in the development, testing, and implementation of actuarial models for pricing, reserving, and financial projections.
• Analyze insurance data to identify trends, assess risks, and support business decisions.
• Perform calculations for policy valuations, premium setting, and solvency requirements.
• Support the preparation of regulatory filings and management reports.
• Collaborate with other departments, including underwriting, claims, and finance, to provide actuarial insights.
• Contribute to the improvement of actuarial methodologies and processes.
• Stay current with actuarial best practices, industry developments, and relevant regulations.
• Participate in actuarial examinations and pursue professional designation.

Requirements

• Bachelor's degree in Actuarial Science, Mathematics, Statistics, or a related quantitative field.
• Progress towards achieving an actuarial designation (e.g., FIA, FASSA) with a proven record of passing actuarial exams.
• 1-3 years of experience in an actuarial role, preferably within the insurance industry.
• Strong foundation in probability, statistics, and financial mathematics.
• Proficiency in spreadsheet software (e.g., Excel) and experience with statistical or actuarial software (e.g., R, SAS, Prophet) is a plus.
• Excellent analytical, problem-solving, and quantitative skills.
• Strong communication and interpersonal skills, with the ability to work effectively in a team.
• Attention to detail and commitment to accuracy.

Benefits

• Our client offers a competitive salary and benefits package, including health insurance, retirement contributions, and support for actuarial exam fees and study materials.
• We provide a structured career development path with opportunities for advancement as you progress in your actuarial studies.
• This hybrid role, based in Queenstown, Eastern Cape, allows for a blend of in-office collaboration and remote work flexibility.
• We foster a supportive and inclusive team environment that encourages learning and professional growth.