Actuarial Analyst - Pricing & Reserving

Placements24; Southampton; Híbrido; GBP 36.000 - 54.000; Jornada completa

Ventajas ofrecidas por este puesto de trabajo

Salary bonus potential

Medical aid

Provident fund

Study assistance for actuarial exams

Career advancement opportunities

Hybrid working model

Descripción de la vacante

Placements24 is seeking an Actuarial Analyst for a leading insurer in Randburg. You will develop and refine pricing models for new and existing products, support reserving, and apply statistical techniques to forecast outcomes and profitability.

The role combines independent work with collaborative, hybrid team environment. Ideal candidates hold a Bachelor’s in Actuarial Science or related field, are progressing on actuarial exams, and have at least three years’ pricing or reserving experience.

Formación

• Bachelor’s degree in Actuarial Science or related quantitative field.
• Progress towards actuarial exams (SOA/IFoA) is essential.
• Minimum 3 years of actuarial experience in pricing or reserving within insurance.
• Proficiency in actuarial software (Prophet) and coding (R, Python, SQL) and advanced Excel.

Responsabilidades

• Develop, implement, and maintain pricing models for insurance products.
• Analyze historical data and market trends to inform pricing strategies.
• Perform reserving calculations and analyses for technical provisions accuracy.
• Collaborate with underwriting, finance, and product development to provide actuarial insights.
• Conduct pricing and reserving sensitivity analyses and scenario testing.
• Prepare actuarial reports and presentations for management and regulators.
• Stay updated on industry/regulatory changes and best practices in actuarial science.
• Assist in development of new actuarial methodologies and software.

Conocimientos

Analytical thinking

Problem solving

Communication skills

Team collaboration

Educación

Bachelor’s degree in Actuarial Science

Herramientas

Prophet

R

Python

SQL

Excel

Descripción del empleo

About the Role

Our client, a leading insurer with a significant market presence, is seeking a talented and ambitious Actuarial Analyst to join their high-performing team in Randburg . This role is pivotal in developing and refining pricing models for new and existing insurance products, as well as supporting reserving activities. You will utilize advanced analytical techniques and statistical modeling to assess risk, forecast financial outcomes, and ensure the long-term profitability and solvency of the company. The ideal candidate will possess strong quantitative skills, a deep understanding of actuarial principles, and a commitment to continuous learning. This is an exceptional opportunity for professional growth within a dynamic and innovative insurance environment in Gauteng .

Key Responsibilities

• Develop, implement, and maintain pricing models for various insurance products.
• Analyze historical data and market trends to inform pricing strategies.
• Perform reserving calculations and analyses to ensure adequacy of technical provisions.
• Collaborate with underwriting, finance, and product development teams to provide actuarial insights.
• Conduct sensitivity analysis and scenario testing on pricing and reserving assumptions.
• Prepare actuarial reports and presentations for management and regulatory bodies.
• Stay abreast of industry developments, regulatory changes, and best practices in actuarial science.
• Assist in the development and implementation of new actuarial methodologies and software.
• Contribute to the ongoing professional development of the actuarial team.

Requirements

• A Bachelor's degree in Actuarial Science, Statistics, Mathematics, or a related quantitative discipline.
• Progress towards actuarial examinations (e.g., Society of Actuaries, Institute and Faculty of Actuaries) is essential.
• Minimum of 3 years of experience in an actuarial role within the insurance industry, with a focus on pricing or reserving.
• Proficiency in actuarial software (e.g., Prophet, R, Python, SQL) and advanced Excel skills.
• Strong analytical, problem-solving, and quantitative modeling abilities.
• Excellent written and verbal communication skills, with the ability to explain complex technical concepts clearly.
• Ability to work effectively both independently and as part of a team in a hybrid setting.
• Proactive attitude with a keen eye for detail and commitment to accuracy.
• This role is based in Randburg , offering a hybrid working model.

Benefits

• Our client offers a highly competitive salary and a generous bonus structure.
• Comprehensive benefits package includes medical aid, a provident fund, and study assistance for actuarial exams.
• Excellent opportunities for career advancement and professional development.
• A dynamic and collaborative work environment fostering innovation.
• Access to sophisticated actuarial tools and data.
• This hybrid position in Randburg provides flexibility, combining office-based synergy with remote work convenience.
• Be part of a leading insurance team in Gauteng.