Actuarial Analyst

Placements24; Queenstown; Hybrid; NZD 80,000 - 110,000; Full time

Benefits offered by this job

Health insurance

Retirement contributions

Actuarial exam fee support

Job summary

Placements24 partnered with a leading insurance provider to recruit an Actuarial Analyst in Queenstown. The role focuses on developing pricing, reserving, and risk assessment models, applying advanced mathematics to real-world insurance problems.

Ideal candidates are progressing through actuarial exams, with 1–3 years of actuarial experience, strong analytical skills, and proficiency in Excel and statistical software. This hybrid role offers development and supportive teams.

Qualifications

• Bachelor's degree in Actuarial Science or related field.
• Progress towards actuarial designation (FIA/FASSA) with exams.
• 1–3 years actuarial experience in insurance preferred.

Responsibilities

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

Skills

Statistical analysis

Actuarial exam progression

Strong communication

Education

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

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.