Actuarial Analyst

Boardroom Appointments; Johannesburg; On-site; ZAR 400 000 - 550 000; Full time

Job summary

A premier actuarial recruitment firm is seeking candidates for an entry-level actuarial position based in Johannesburg. The ideal candidate must possess a degree in actuarial science or a related field, along with 1-3 years of experience in an actuarial environment. Responsibilities include providing basic actuarial services, supporting reserving and profitability analysis, and pursuing local actuarial qualifications. Strong analytical and professional skills are essential. Join a dynamic team dedicated to excellence in actuarial services.

Qualifications

• One to three years of experience in an actuarial environment.

Responsibilities

• Provide basic actuarial services with minimal supervision.
• Perform complex analyses under supervision.
• Support reserving, profitability analysis, and risk issues.
• Actively pursue local actuarial qualification.

Skills

Network of contacts within the actuarial profession

Self-motivation

Professional attitude

Ability to meet deadlines

Analytical skills

Education

University degree in actuarial science, statistics, mathematics, or a related field

Job description

Qualifications

• Network of contacts within the actuarial profession
• University degree in actuarial science, statistics, mathematics, or a related field.
• One to three years of experience in an actuarial environment.
• Self-motivation and drive.
• Professional, enthusiastic, and positive attitude.
• Able to meet deadlines and work under pressure.

Responsibilities

• General
• Provide basic actuarial services with minimal supervision by a more experienced actuary/actuarialspecialist.
• Perform more complex analyses as assigned under the supervision of a more experienced actuary/actuarialspecialist.
• Demonstrate increasing knowledge of relevant actuarial disciplines and procedures to be able to providefirst class service to internal customers.
• Actively pursue local actuarial qualification and demonstrate consistent progress toward designation.
• Reserving specific
• Under general direction, support reserving, portfolio profitability analysis, reinsurance analysis, or market facing business units in support of business objectives.
• With appropriate review and governance from Management coordinate, prepare, and perform actuarial analyses including and premium projections, consultation on actuarial models, and risk-based capital issues.
• Support finance, market-facing business units, claims, risk, capital management, and other functions on reserving, portfolio pricing, and strategic business decisions.
• Under general direction, support the pricing of new/renewal business, development of effectivepremium/rating structure, the formalProfitability Review process and development of strategies in support of business objectives.
• Provide support for management of profit margins on new and renewal business.
• With appropriate review and guidance from Manager, coordinate, prepare and perform actuarial analysesincluding analysis of loss and expense reserves as relates to pricing adequacy and strategic direction.
• Provide consultation and technical expertise on actuarial models and risk issues, and support Market Facing and Technical Underwriters on pricing decisions.
• Capital specific
• Under general direction, support capital modelling, data quality and regulatory returns.
• With appropriate review and guidance from Manager, coordinate, prepare and perform actuarial analysesincluding collection of information from various stakeholders across the business.
• Business Support specific
• Support actuarial services related to Risk Based Capital model development, parameterisation, andallocation activities.
• Perform data analytics and/or reinsurance analysis.
• Under general direction, support the pricing of new/renewal business, development of effectivepremium/rating structure, the formalProfitability Review process and development of strategies in support of business objectives.
• Provide support for management of profit margins on new and renewal business.
• With appropriate review and guidance from Manager, coordinate, prepare and perform actuarial analysesincluding analysis of loss and expense reserves as relates to pricing adequacy and strategic direction.
• Provide consultation and technical expertise on actuarial models and risk issues, and support Market Facing and Technical Underwriters on pricing decisions.
• Business Support specific
• Support actuarial services related to Risk Based Capital model development, parameterisation, andallocation activities.
• Perform data analytics and/or reinsurance analysis.