Actuarial Analyst

Placements24; Paarl; Hybrid; ZAR 450,000 - 750,000; Full time

Benefits offered by this job

Hybrid work arrangement

Study support for actuarial exams

Competitive compensation

Job summary

Placements24 is seeking an Actuarial Analyst for a hybrid role in Paarl, Western Cape. The successful candidate will perform valuations, pricing analysis, and model development to support risk management and reserve adequacy.

The role requires a quantitative degree, progress toward actuarial qualifications, and at least two years in an insurance actuarial function. Strong analytical, programming, and communication skills are essential.

Qualifications

• Bachelor's degree in Actuarial Science, Mathematics, Statistics, or related quantitative discipline.
• Progress towards actuarial qualifications (e.g., passing relevant exams).
• Minimum of 2 years of experience in an actuarial role within the insurance industry.
• Strong analytical, problem-solving, and computational skills.
• Proficiency in statistical software, programming languages (e.g., R, Python), and Excel.
• Excellent communication skills, with the ability to explain complex actuarial concepts to non-technical audiences.
• Detail-oriented and highly organized approach to work.
• Ability to work effectively both independently and as part of a team in a hybrid setting in Paarl.

Responsibilities

• Perform actuarial valuations, reserving calculations, and pricing analysis for various insurance products.
• Develop, test, and implement actuarial models to support business needs.
• Analyze financial data and trends to identify potential risks and opportunities.
• Assist in the development and maintenance of product specifications and underwriting guidelines.
• Collaborate with other departments (e.g., Underwriting, Claims, Finance) to provide actuarial support and expertise.
• Contribute to regulatory reporting and compliance activities.
• Stay abreast of advancements in actuarial techniques and industry best practices.
• Work towards achieving actuarial qualifications through ongoing study and examinations.

Skills

Analytical thinking

Problem solving

Computational skills

Communication

Education

Bachelor's degree in Actuarial Science

Quantitative discipline (Math/Statistics)

Tools

R

Python

Excel

Job description

About the Role

Our client, a leading insurer, is seeking a talented and ambitious Actuarial Analyst to join their esteemed team, operating under a hybrid model in **Paarl, Western Cape**. This role is central to the company's financial health, involving complex calculations and analysis to assess risk, price products, and manage reserves. You will work closely with various departments to provide critical insights that inform strategic business decisions. The ideal candidate is highly numerate, possesses a strong foundation in actuarial science, and is dedicated to achieving actuarial qualifications. This is a prime opportunity for professional growth within a challenging and intellectually stimulating environment in the heart of the Cape Winelands.

Key Responsibilities

• Perform actuarial valuations, reserving calculations, and pricing analysis for various insurance products.
• Develop, test, and implement actuarial models to support business needs.
• Analyze financial data and trends to identify potential risks and opportunities.
• Assist in the development and maintenance of product specifications and underwriting guidelines.
• Collaborate with other departments (e.g., Underwriting, Claims, Finance) to provide actuarial support and expertise.
• Contribute to regulatory reporting and compliance activities.
• Stay abreast of advancements in actuarial techniques and industry best practices.
• Work towards achieving actuarial qualifications through ongoing study and examinations.

Requirements

• Bachelor's degree in Actuarial Science, Mathematics, Statistics, or a related quantitative discipline.
• Progress towards actuarial qualifications (e.g., passing relevant exams).
• Minimum of 2 years of experience in an actuarial role within the insurance industry.
• Strong analytical, problem-solving, and computational skills.
• Proficiency in statistical software, programming languages (e.g., R, Python), and Excel.
• Excellent communication skills, with the ability to explain complex actuarial concepts to non-technical audiences.
• Detail-oriented and highly organized approach to work.
• Ability to work effectively both independently and as part of a team in a hybrid setting in **Paarl**.

Benefits

• Competitive salary commensurate with experience and qualifications.
• Comprehensive medical and retirement benefits.
• Study leave and financial support for actuarial exams.
• Hybrid work arrangement for a better work-life balance.
• Exposure to diverse actuarial challenges in the insurance sector.
• Professional development opportunities within a supportive team environment in **Paarl, Western Cape**.