Insurance Actuary

Placements24; Southampton; Hybrid; GBP 27,000 - 54,000; Full time

Benefits offered by this job

Hybrid work arrangement

Full medical aid

Retirement fund benefits

Support for actuarial exam progression

Bonuses and rewards

Generous annual leave

Wellness initiatives

Influence on strategic decisions

Job summary

Placements24 is seeking an Insurance Actuary to join a Randburg-based team in a hybrid role, focusing on pricing, reserving and financial projections.

The ideal candidate has actuarial exams, strong modeling skills with Prophet and GGY Axis, and the ability to communicate complex concepts to stakeholders.

This role offers career development, competitive benefits, and a collaborative, high-performance environment.

Qualifications

• Completed or near-completion of actuarial exams (ASA/FSA or equivalent).
• Bachelor's or Master's degree in Actuarial Science, Mathematics, Statistics, or related field.
• Proven experience as an Actuary within the insurance industry.
• Strong analytical, quantitative, and problem-solving skills.

Responsibilities

• Develop, implement, and maintain actuarial models for pricing, reserving, and financial projections.
• Analyze insurance risks and determinePricing strategies for new and existing products.
• Calculate and set reserves for claims and other liabilities.
• Conduct experience studies to analyze mortality, morbidity, and lapse rates.
• Perform asset-liability management analysis.
• Assist in the development of new insurance products and features.
• Ensure compliance with actuarial standards of practice and regulatory requirements.
• Prepare actuarial reports and present findings to senior management and stakeholders.
• Contribute to capital management and solvency assessments.
• Mentor and guide junior actuaries and actuarial students.

Skills

Actuarial pricing

Prophet/Axis

Python/R

Stakeholder comms

Education

Bachelor's or Master's in Actuarial Science/Math/Stats

Tools

Prophet

GGY Axis

Job description

About the Role

Our client, a leader in the insurance sector, is looking for a highly skilled and motivated Insurance Actuary to join their team in Randburg . This challenging role involves utilizing mathematical and statistical models to assess financial risks, price insurance products, and manage the company's liabilities. The position offers a hybrid work model, allowing for a blend of in-office strategic planning and remote operational focus. You will be a key contributor to the financial health and strategic direction of the company within the dynamic Gauteng market. We foster an environment of continuous learning, analytical rigor, and collaborative problem-solving. The ideal candidate will possess advanced actuarial qualifications, exceptional analytical and modeling skills, and a deep understanding of insurance principles and financial markets. Your expertise will be critical in ensuring the company's long-term profitability and solvency. This is a premier opportunity to advance your actuarial career within a respected financial institution.

Key Responsibilities

• Develop, implement, and maintain actuarial models for pricing, reserving, and financial projections.
• Analyze insurance risks and determine appropriate pricing strategies for new and existing products.
• Calculate and set reserves for claims and other liabilities.
• Conduct experience studies to analyze mortality, morbidity, and lapse rates.
• Perform asset-liability management analysis.
• Assist in the development of new insurance products and features.
• Ensure compliance with actuarial standards of practice and regulatory requirements.
• Prepare actuarial reports and present findings to senior management and stakeholders.
• Contribute to capital management and solvency assessments.
• Mentor and guide junior actuaries and actuarial students.

Requirements

• Completed or near-completion of actuarial exams (e.g., ASA, FSA, or equivalent).
• Bachelor's or Master's degree in Actuarial Science, Mathematics, Statistics, or a related field.
• Proven experience as an Actuary within the insurance industry.
• Strong analytical, quantitative, and problem-solving skills.
• Proficiency in actuarial modeling software (e.g., Prophet, GGY Axis) and tools.
• Excellent understanding of insurance products, regulations, and financial markets.
• Strong communication and presentation skills, with the ability to explain complex concepts clearly.
• Ability to work effectively in a hybrid team environment.
• High level of attention to detail and accuracy.
• Experience with programming languages like Python or R is a plus.

Benefits

• Exceptional annual salary package of R .
• Hybrid work arrangement for optimal work-life balance.
• Full medical aid and comprehensive retirement fund benefits.
• Support for continued actuarial exam progression and professional development.
• Stimulating work environment with challenging actuarial projects.
• Performance-based bonuses and rewards.
• Generous annual leave.
• Access to employee wellness initiatives.
• Opportunity to influence key strategic decisions.
• Be part of a respected actuarial team in Randburg .