Actuarial Analyst

Placements24; Sandton; Hybrid; ZAR 350,000 - 540,000; Full time

Benefits offered by this job

Health insurance

Life insurance

Disability insurance

Study support

Hybrid work environment

Growth opportunities

Job summary

Placements24 is seeking a highly skilled Actuarial Analyst to join our client’s team in Sandton, a dynamic financial hub. You will build actuarial models for pricing, reserving, and forecasting, analyse insurance data, and support regulatory compliance.

The role requires progress toward FIA/FSA/FASSA, a math or actuarial degree, and proven insurance experience. Strong analytical, coding (Python, R) and Excel skills, plus clear communication, are essential, with hybrid work and growth

Qualifications

• Progress towards actuarial qualifications (e.g., FIA, FSA, FASSA) is essential.
• Bachelor's degree in Actuarial Science, Mathematics, Statistics, or a related quantitative field.
• Proven experience as an Actuarial Analyst within the insurance industry.
• Strong analytical, problem-solving, and mathematical skills.
• Proficiency in actuarial software, programming languages (e.g., Python, R), and Excel.
• Excellent communication skills, with the ability to explain complex concepts clearly.

Responsibilities

• Develop and maintain actuarial models for pricing, reserving, and financial forecasting.
• Analyze insurance data to identify trends, assess risks, and recommend strategies.
• Assist in the valuation of policy liabilities and ensure compliance with regulatory requirements.
• Collaborate with underwriting, finance, and claims departments on risk management initiatives.
• Prepare reports and presentations on actuarial findings for management and stakeholders.
• Stay current with actuarial standards of practice and industry developments.

Skills

Actuarial analysis

Python

R

Excel

Analytical thinking

Communication skills

Problem solving

Education

Bachelor's degree in Actuarial Science

Job description

About the Role

Our client is seeking a highly skilled and motivated Actuarial Analyst to join their team in the dynamic financial hub of Sandton . You will play a critical role in analyzing financial risks, pricing insurance products, and managing reserves. Your quantitative expertise will be crucial in providing insights that drive strategic business decisions and ensure the financial stability of the company. This role offers a hybrid work model , combining the collaborative energy of the office with the flexibility of remote work, allowing you to excel in your analytical endeavors.

Key Responsibilities

• Develop and maintain actuarial models for pricing, reserving, and financial forecasting.
• Analyze insurance data to identify trends, assess risks, and recommend strategies.
• Assist in the valuation of policy liabilities and ensure compliance with regulatory requirements.
• Collaborate with underwriting, finance, and claims departments on risk management initiatives.
• Prepare reports and presentations on actuarial findings for management and stakeholders.
• Stay current with actuarial standards of practice and industry developments.

Requirements

• Progress towards actuarial qualifications (e.g., FIA, FSA, FASSA) is essential.
• Bachelor's degree in Actuarial Science, Mathematics, Statistics, or a related quantitative field.
• Proven experience as an Actuarial Analyst within the insurance industry.
• Strong analytical, problem-solving, and mathematical skills.
• Proficiency in actuarial software, programming languages (e.g., Python, R), and Excel.
• Excellent communication skills, with the ability to explain complex concepts clearly.

Benefits

• Competitive salary commensurate with experience and progress towards qualifications.
• Hybrid work arrangement promoting work-life balance.
• Comprehensive health, life, and disability insurance.
• Generous study support and professional development opportunities.
• An intellectually stimulating environment in Sandton with growth potential.