Actuarial Analyst

Placements24; Klerksdorp; Hybrid; ZAR 420,000 - 650,000; Full time

Benefits offered by this job

Competitive salary

Bonus structure

Exam fees support

Health insurance

Retirement plan

Job summary

Placements24 is seeking a highly analytical Actuarial Analyst to join our client’s team in Klerksdorp. You will develop pricing and reserving models, assess risks, and support financial projections within the insurance sector, using your quantitative skills to drive informed business decisions.

You will collaborate with underwriting, claims and finance, analyze insurance data, and contribute to regulatory reporting while staying current with industry practices and actuarial developments in the

Qualifications

• Bachelor’s degree in Actuarial Science, Mathematics, Statistics, or related quantitative field.
• Progress towards actuarial qualifications (e.g., Society of Actuaries, Institute and Faculty of Actuaries).
• Strong proficiency in statistical modeling and data analysis; programming in R, Python, SQL.
• Experience with insurance industry data and practices is highly preferred.

Responsibilities

• Develop, implement, and maintain actuarial models for pricing, reserving, and financial projections.
• Conduct analysis of insurance data to identify trends, assess risks, and forecast future liabilities.
• Assist in the preparation of regulatory financial statements and reports.
• Collaborate with underwriting, claims, and finance teams to provide actuarial support and insights.
• Stay abreast of industry best practices, regulatory changes, and emerging actuarial techniques.
• Present complex actuarial findings to stakeholders clearly and convincingly.

Skills

Statistical modeling

Data analysis

Actuarial knowledge

Excellent communication

Education

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

Tools

R

Python

SQL

Job description

About the Role

Our client is seeking a highly analytical and motivated Actuarial Analyst to join their esteemed team in Klerksdorp . This role is essential for developing and refining pricing models, reserving techniques, and risk management strategies within the insurance sector. You will leverage your quantitative skills to provide critical insights that drive informed business decisions and ensure the long-term financial stability of the company. If you are passionate about data, mathematics, and the insurance industry in the North West province, this is an exceptional career opportunity.

Key Responsibilities

• Develop, implement, and maintain actuarial models for pricing, reserving, and financial projections.
• Conduct analysis of insurance data to identify trends, assess risks, and forecast future liabilities.
• Assist in the preparation of regulatory financial statements and reports.
• Collaborate with underwriting, claims, and finance teams to provide actuarial support and insights.
• Stay abreast of industry best practices, regulatory changes, and emerging actuarial techniques.
• Present complex actuarial findings in a clear and understandable manner to stakeholders.

Requirements

• Bachelor's degree in Actuarial Science, Mathematics, Statistics, or a related quantitative field.
• Progress towards actuarial qualifications (e.g., Society of Actuaries, Institute and Faculty of Actuaries).
• Strong proficiency in statistical modeling, data analysis, and programming (e.g., R, Python, SQL).
• Excellent problem-solving abilities and meticulous attention to detail.
• Effective communication skills, both written and verbal, to convey technical information.
• Experience with insurance industry data and practices is highly preferred.

Benefits

• Highly competitive salary and bonus structure based on performance and exam progression.
• Support for actuarial exam fees and study materials.
• Comprehensive health, dental, and vision insurance plans.
• Generous retirement savings plan with employer contributions.
• Dynamic and intellectually stimulating work environment in Klerksdorp