Actuarial Analyst

Placements24; Mossel Bay; Hybrid; ZAR 420,000 - 620,000; Full time

Benefits offered by this job

Hybrid work arrangement

Job summary

Placements24 in Mossel Bay is seeking a talented Actuarial Analyst to join their quantitative team. You will apply mathematical and statistical methods to assess financial risks in insurance policies, contributing to pricing, reserving, and financial modeling to support the company’s strategic planning.

This position offers a hybrid work arrangement, opportunities for actuarial exam progression, and comprehensive health and retirement benefits.

Qualifications

• Bachelor's degree in Actuarial Science, Mathematics, Statistics or related quantitative field.
• Progress toward actuarial designation (e.g., ASSA) is essential.
• Proficiency in statistical software such as R, Python, or SAS.
• Strong analytical, problem-solving and critical thinking abilities.
• Excellent written and verbal communication skills.
• Experience with insurance data analysis and modeling is advantageous.

Responsibilities

• Develop and maintain actuarial models for pricing, reserving, and forecasting.
• Analyze large datasets to identify trends, risks and patterns in insurance operations.
• Support product development and pricing strategies through calculations and studies.
• Collaborate with underwriters and claims teams to provide actuarial insights.
• Prepare reports and presentations for management and regulators.
• Stay updated on actuarial best practices, software and regulatory changes.

Skills

Statistical analysis

R/Python/SAS

Analytical thinking

Communication

Education

Bachelor's degree in Actuarial Science or related field

Tools

R

Python

SAS

Job description

About the Role

Our client seeks a talented and ambitious Actuarial Analyst to join their quantitative team in Mossel Bay. This role involves applying mathematical and statistical methods to assess financial risks associated with insurance policies. You will contribute to pricing, reserving, and financial modeling, playing a key role in the company's financial health and strategic planning. This is an excellent opportunity for an individual with strong analytical skills to grow within a supportive and challenging environment.

Key Responsibilities

• Assist in the development and maintenance of actuarial models for pricing, reserving, and financial forecasting.
• Analyze large datasets to identify trends, patterns, and risks relevant to insurance operations.
• Perform calculations and conduct studies to support product development and pricing strategies.
• Collaborate with underwriters, claims teams, and other departments to provide actuarial insights.
• Prepare reports and presentations summarizing actuarial findings for management and regulatory bodies.
• Stay current with actuarial best practices, software, and regulatory changes.

Requirements

• Bachelor's degree in Actuarial Science, Mathematics, Statistics, or a related quantitative field.
• Progress towards actuarial designations (e.g., Actuarial Society of South Africa) is essential.
• Proficiency in statistical software and programming languages such as R, Python, or SAS.
• Strong analytical, problem-solving, and critical thinking abilities.
• Excellent written and verbal communication skills.
• Experience with insurance data analysis and modeling is advantageous.

Benefits

• Competitive salary commensurate with experience and actuarial progress.
• Hybrid work arrangement, providing a balance between office and remote work in Mossel Bay.
• Support for actuarial exam studies and professional development.
• Comprehensive health and retirement benefits.
• A collaborative and intellectually stimulating work culture.