Actuarial Analyst

Placements24; East London; Hybrid; ZAR 420,000 - 640,000; Full time

Benefits offered by this job

Hybrid work

Medical aid

Retirement fund

Professional development

Competitive salary

Job summary

Placements24 is seeking a bright Actuarial Analyst to join our client in East London. The role blends pricing, reserving, and profitability analysis to support financial stability in the insurance sector.

This hybrid position offers collaboration with experienced teams and exposure to practical actuarial work. The successful candidate will have a degree in Actuarial Science or related field, progress toward SOA/CAS, and strong analytical skills.

Qualifications

• Bachelor's degree in Actuarial Science, Mathematics, Statistics or related field.
• Progress towards actuarial qualifications (e.g., SOA or CAS exams).
• Strong analytical, problem-solving, and quantitative skills.

Responsibilities

• Develop and maintain mathematical models for pricing insurance products.
• Calculate and analyze policy reserves to ensure financial solvency.
• Perform experience analyses on mortality, morbidity, and lapse rates.
• Assist in the development and implementation of new product strategies.
• Prepare reports and presentations on actuarial findings for management.
• Stay current with actuarial standards of practice and regulatory requirements.

Skills

Analytical skills

Problem solving

Quantitative skills

Excel

R

Python

SQL

Communication

Education

Bachelor's degree in Actuarial Science, Mathematics, Statistics

Tools

R

Python

SQL

Job description

About the Role

Our client is seeking a bright and mathematically inclined Actuarial Analyst to join their dynamic team in East London. This hybrid role involves applying mathematical and statistical methods to assess the financial risks associated with insurance policies. You will work on pricing, reserving, and profitability analysis, playing a vital role in the company's financial stability and strategic planning. This is an excellent opportunity for individuals with strong analytical capabilities and a desire to build a career in actuarial science within the insurance sector.

Key Responsibilities

• Develop and maintain mathematical models for pricing insurance products.
• Calculate and analyze policy reserves to ensure financial solvency.
• Perform experience analyses on mortality, morbidity, and lapse rates.
• Assist in the development and implementation of new product strategies.
• Prepare reports and presentations on actuarial findings for management.
• Stay current with actuarial standards of practice and regulatory requirements.

Requirements

• Bachelor's degree in Actuarial Science, Mathematics, Statistics, or a related field.
• Progress towards actuarial qualifications (e.g., SOA or CAS exams).
• Strong analytical, problem-solving, and quantitative skills.
• Proficiency in mathematical modeling and statistical software (e.g., Excel, R, Python, SQL).
• Excellent communication and report-writing abilities.
• Ability to work independently and collaboratively in a team environment.

Benefits

• Competitive salary commensurate with experience and exam progress.
• Comprehensive benefits package including medical aid and retirement fund.
• Support for actuarial exam advancement and professional development.
• Hybrid work model for enhanced work-life balance.
• Collaborative and intellectually stimulating work environment.