Actuarial Analyst

Placements24; Newlands; On-site; AUD 37,000 - 58,000; Full time

Benefits offered by this job

Competitive salary

Medical aid & retirement fund

Study leave for actuarial examinations

Career advancement

Collaborative environment

Job summary

Placements24 is seeking a dedicated Actuarial Analyst to join our client’s team in Queenstown, Eastern Cape. The role focuses on pricing, reserving, and financial modeling to support strategic decisions and ensure solvency and profitability.

The ideal candidate holds a bachelor’s degree in a quantitative field, is progressing with actuarial examinations (SOA or IFoA), and demonstrates strong analytical and communication skills with proficiency in R, Python, and SQL.

Qualifications

• Bachelor's degree in Actuarial Science, Mathematics, Statistics, or a related quantitative field.
• Progress towards actuarial examinations (SOA, IFoA) is essential.
• Strong quantitative, analytical, and problem-solving skills.
• Excellent communication skills, with ability to explain technical concepts to non-technical audiences.
• Detail-oriented with ethical conduct in financial analysis.

Responsibilities

• Develop, implement, and maintain actuarial models for pricing, reserving, and forecasting.
• Analyze large datasets to identify trends, assess risks, and inform business strategy.
• Assist in the valuation of liabilities and the assessment of capital requirements.
• Support development and refinement of insurance products based on actuarial insights.
• Prepare actuarial reports and present findings to management and regulatory bodies.
• Collaborate with underwriting, claims, and finance on actuarial matters.

Skills

Quantitative skills

Analytical skills

Problem-solving

Communication skills

Education

Bachelor's degree in Actuarial Science, Mathematics, Statistics, or related field

Tools

R

Python

SQL

Job description

About the Role

Our client is seeking a dedicated and analytical Actuarial Analyst to join their team in Queenstown . This role is central to assessing financial risks and opportunities for the company by applying mathematical and statistical methods. You will be involved in pricing, reserving, and financial modeling to support strategic decision-making and ensure the long-term solvency and profitability of the business. This is a challenging opportunity for a mathematically inclined individual to contribute significantly to the financial health of the organization in the Eastern Cape .

Key Responsibilities

• Develop, implement, and maintain actuarial models for pricing, reserving, and forecasting.
• Analyze large datasets to identify trends, assess risks, and inform business strategy.
• Assist in the valuation of liabilities and the assessment of capital requirements.
• Support the development and refinement of insurance products based on actuarial insights.
• Prepare actuarial reports and present findings to management and regulatory bodies.
• Collaborate with various departments, including underwriting, claims, and finance, on actuarial matters.

Requirements

• Bachelor's degree in Actuarial Science, Mathematics, Statistics, or a related quantitative field.
• Progress towards actuarial examinations (e.g., SOA, IFoA) is essential.
• Strong quantitative, analytical, and problem-solving skills.
• Proficiency in actuarial software, statistical packages, and programming languages (e.g., R, Python, SQL).
• Excellent communication skills, with the ability to explain complex technical concepts to non-technical audiences.
• Detail-oriented with a commitment to accuracy and ethical conduct in financial analysis in Queenstown .

Benefits

• Competitive salary, with increases tied to actuarial exam progression.
• Comprehensive medical aid and retirement fund benefits.
• Financial assistance and study leave for actuarial examinations.
• Opportunities for career advancement within the actuarial field.
• A collaborative and professional work environment focused on continuous learning and development.