Actuarial Analyst

Placements24; Noord-Kaap; On-site; ZAR 550,000 - 750,000; Full time

Benefits offered by this job

Medical aid

Pension fund

Study support

Job summary

Placements24 is seeking an Actuarial Analyst for their Kimberley operations. The role focuses on advanced modeling for pricing, reserving, and solvency, using large datasets to forecast liabilities and support strategic decisions.

The ideal candidate holds a Bachelor’s degree in a quantitative field and is progressing through actuarial exams, with strong analytical skills and proficiency in R, Python or SQL. Excellent communication is required for cross-team collaboration and reporting.

Qualifications

• Bachelor's degree in Actuarial Science, Mathematics or Statistics.
• Progress towards professional actuarial examinations.
• Strong analytical and data manipulation abilities.
• Proficiency in R, Python or SQL.
• Excellent written and verbal communication.

Responsibilities

• Develop and maintain actuarial pricing, reserving, and solvency models.
• Forecast future liabilities from historical data and market trends.
• Provide pricing insights for new insurance products.
• Prepare reports and present findings to senior management.
• Collaborate with underwriters, claims and finance on risk assessment.
• Stay updated on regulatory changes and actuarial techniques.

Skills

Analytical thinking

Data manipulation

Communication

R

Python

SQL

Education

Bachelor's degree in Actuarial Science or Mathematics or Statistics

Job description

About the Role

Our client is seeking a highly quantitative and ambitious Actuarial Analyst to join their established insurance operations in Kimberley . This role is integral to the financial health of the company, involving complex financial modeling, risk assessment, and pricing analysis for insurance products. You will work with large datasets to predict future liabilities, assess solvency, and support strategic decision-making. The ideal candidate will possess strong mathematical skills, a keen analytical mind, and progress towards actuarial qualifications, contributing vital expertise to the company's long-term planning.

Key Responsibilities

• Develop, implement, and maintain actuarial models for pricing, reserving, and solvency assessments.
• Analyze historical data and market trends to forecast future insurance liabilities and outcomes.
• Support the product development team by providing pricing insights and analysis for new insurance products.
• Prepare reports and present findings to senior management, highlighting key risks and opportunities.
• Collaborate with underwriters, claims teams, and finance departments to ensure consistency in risk assessment.
• Stay abreast of industry developments, regulatory changes, and new actuarial techniques.

Requirements

• Bachelor's degree in Actuarial Science, Mathematics, Statistics, or a related quantitative field.
• Progress towards professional actuarial examinations (e.g., Society of Actuaries, Institute of Actuaries).
• Strong analytical, problem-solving, and data manipulation skills.
• Proficiency in statistical software and programming languages such as R, Python, or SQL.
• Excellent written and verbal communication skills for conveying complex technical information.

Benefits

• Competitive salary with structured salary increases based on exam progression.
• Comprehensive medical aid and retirement fund.
• Generous study support, including time off and financial assistance for exams.
• Opportunity to work on diverse actuarial challenges within a reputable company in Kimberley .
• A collaborative and supportive environment for professional growth.