Actuarial Analyst

Placements24; Gqeberha; On-site; ZAR 420,000 - 620,000; Full time

Benefits offered by this job

Salary based on exam progress

Exam fees covered

Medical aid

Retirement benefits

Rotations through actuarial functions

Job summary

Placements24 is seeking an Actuarial Analyst to join the team in Port Elizabeth, Eastern Cape. You will apply mathematical and statistical methods to pricing new products, manage reserves, and evaluate financial health of insurance portfolios.

You will develop models, analyze large datasets, and prepare reports for management while ensuring regulatory compliance. This role offers growth in a collaborative financial services environment in the beautiful Eastern Cape.

Qualifications

• Progress towards or completion of actuarial examinations (e.g., Actuarial Society of South Africa).
• Bachelor's degree in Actuarial Science, Mathematics, Statistics, or a related quantitative field.
• Strong analytical and quantitative problem-solving skills.
• Proficiency in actuarial software (e.g., Prophet, GGY Axis) and programming languages (e.g., Python, R) is a plus.
• Excellent attention to detail and accuracy in data analysis and reporting.
• Effective communication skills, with the ability to explain complex concepts clearly.

Responsibilities

• Perform complex actuarial calculations for pricing, reserving, and financial projections.
• Develop and maintain actuarial models using specialized software.
• Analyze large datasets to identify trends and patterns relevant to insurance risk.
• Assist in the development and implementation of new insurance products.
• Prepare reports and present findings to management and other stakeholders.
• Ensure compliance with actuarial standards of practice and regulatory requirements.
• Collaborate with other departments, including underwriting, claims, and finance.

Skills

Analytical thinking

Quantitative problem solving

Communication

Education

Bachelor's degree in Actuarial Science

Mathematics/Statistics background

Tools

Prophet

GGY Axis

Python

R

Job description

Our client is seeking a bright and ambitious Actuarial Analyst to join their growing team in Port Elizabeth . This role is critical for pricing new products, managing reserves, and evaluating the financial health of the company's insurance portfolios. You will apply mathematical and statistical methods to assess risk and uncertainty, providing crucial insights for strategic decision-making. Become a key player in a dynamic financial services environment, contributing to the company's financial stability and growth, within a supportive team that encourages intellectual curiosity and professional advancement in the beautiful Eastern Cape.

Key Responsibilities

• Perform complex actuarial calculations for pricing, reserving, and financial projections.
• Develop and maintain actuarial models using specialized software.
• Analyze large datasets to identify trends and patterns relevant to insurance risk.
• Assist in the development and implementation of new insurance products.
• Prepare reports and present findings to management and other stakeholders.
• Ensure compliance with actuarial standards of practice and regulatory requirements.
• Collaborate with other departments, including underwriting, claims, and finance.

Requirements

• Progress towards or completion of actuarial examinations (e.g., Actuarial Society of South Africa).
• Bachelor's degree in Actuarial Science, Mathematics, Statistics, or a related quantitative field.
• Strong analytical and quantitative problem-solving skills.
• Proficiency in actuarial software (e.g., Prophet, GGY Axis) and programming languages (e.g., Python, R) is a plus.
• Excellent attention to detail and accuracy in data analysis and reporting.
• Effective communication skills, with the ability to explain complex concepts clearly.

Benefits

• Competitive salary and a structured bonus plan based on exam progression and performance.
• Full support for actuarial exam fees and study materials.
• Comprehensive medical aid and retirement benefits.
• Opportunities to rotate through different actuarial functions within the company.
• A professional and collaborative work environment in Port Elizabeth .