About the Role Our client, a leading player in the insurance sector based in Rustenburg, North West, is actively seeking a motivated and technically skilled Actuarial Analyst to join their growing team. This role is instrumental in developing and refining pricing models, reserving calculations, and risk management strategies. You will apply advanced statistical and mathematical techniques to analyze complex data sets, providing critical insights that drive strategic decision-making. The position requires a blend of technical expertise and strong business acumen, contributing to the financial health and long-term success of the company. This role offers a Hybrid working model, providing flexibility for professionals in the Rustenburg area.
Key Responsibilities
- Perform complex actuarial calculations for pricing, reserving, and solvency requirements.
- Develop, test, and implement actuarial models using specialized software.
- Analyze financial data and trends to assess risk and predict future outcomes.
- Contribute to the development of new insurance products and strategies.
- Prepare detailed reports and presentations for senior management and regulatory bodies.
- Collaborate with other departments, including finance, underwriting, and claims, to provide actuarial support.
- Stay updated on industry regulations, best practices, and emerging actuarial techniques.
- Assist in the validation and review of actuarial models and assumptions.
- Identify opportunities for process improvements and efficiencies within the actuarial function.
- Mentor junior analysts and contribute to the team's overall knowledge base.
Requirements
- Progress towards an actuarial qualification (e.g., fully or partly qualified FIA, SOA, or similar).
- Minimum of 3 years of relevant experience in an actuarial role within the insurance industry.
- Strong proficiency in actuarial software (e.g., Prophet, R, Python) and data analysis tools.
- Excellent mathematical, statistical, and analytical skills.
- Ability to interpret complex data and translate it into actionable insights.
- Strong written and verbal communication skills, with the ability to present technical information clearly.
- Proficiency in Microsoft Office Suite, particularly Excel.
- Experience with IFRS 17 or Solvency II is advantageous.
- Ability to work effectively in a Hybrid environment, managing tasks both remotely and on-site in Rustenburg.
- Detail-oriented with a strong commitment to accuracy and quality.
Benefits
- competitive salary package
- comprehensive medical aid and life assurance
- generous retirement fund
- study leave
- financial support for actuarial exams
- Hybrid role based in Rustenburg offers the flexibility to work remotely and in the office.
- Enjoy a stimulating work environment with a team dedicated to innovation and excellence in actuarial science within North West.