Actuarial Analyst

Placements24; Stellenbosch; Hybrid; ZAR 500,000 - 700,000; Full time

Benefits offered by this job

Hybrid work arrangement

Medical, dental, and vision insurance

Support for actuarial exam progression

Career development opportunities

Job summary

Placements24 in Stellenbosch is seeking an Actuarial Analyst to join our client's team in a hybrid role, focusing on pricing, reserving, and financial projections for insurance products. You will develop models, analyze datasets, and collaborate with underwriting and finance to support strategic decisions while advancing your actuarial progression.

The role offers a stimulating environment with opportunities for professional development and exposure to regulatory reporting and industry best

Qualifications

• Progress towards or completion of actuarial examinations (ASA, FSA, or equivalent).
• Bachelor's degree in Actuarial Science, Mathematics, Statistics, or a related field.
• Proficiency in actuarial software and statistical modeling techniques.
• Strong analytical and problem-solving skills with meticulous attention to detail.
• Excellent communication skills, able to explain actuarial concepts to non-technical audiences.
• Experience in the insurance industry, preferably in Stellenbosch.

Responsibilities

• Develop and maintain actuarial models for pricing, reserving, and forecasting.
• Analyze large datasets to identify trends and assess financial risks.
• Assist in regulatory filings and reports, ensuring compliance with industry standards.
• Collaborate with underwriting to develop new products and refine pricing strategies.
• Perform ad-hoc analysis and projects for management.
• Stay current with actuarial best practices and industry developments.

Skills

Analytical thinking

Communication skills

Problem solving

Attention to detail

Education

Bachelor's degree in Actuarial Science or related field

Tools

Actuarial software

Job description

About the Role

Our client is seeking a talented Actuarial Analyst to join their team in Stellenbosch. In this hybrid role, you will play a key part in evaluating financial risks and opportunities through complex mathematical modeling. You will work on pricing, reserving, and financial projections for various insurance products, contributing to strategic decision-making. Collaboration with other departments, including underwriting and finance, will be essential. This role offers a stimulating environment for ambitious actuaries looking to grow their careers within a reputable organization.

Key Responsibilities

• Develop and maintain actuarial models for pricing, reserving, and forecasting.
• Analyze large datasets to identify trends and assess financial risks associated with insurance products.
• Assist in the preparation of regulatory filings and reports, ensuring compliance with industry standards.
• Collaborate with the underwriting team to develop new products and refine pricing strategies.
• Perform ad-hoc analysis and projects as requested by management.
• Stay current with actuarial best practices and relevant industry developments.

Requirements

• Progress towards or completion of actuarial examinations (e.g., ASA, FSA, or equivalent).
• Bachelor's degree in Actuarial Science, Mathematics, Statistics, or a related field.
• Proficiency in actuarial software and statistical modeling techniques.
• Strong analytical and problem-solving skills with meticulous attention to detail.
• Excellent communication skills, with the ability to explain complex actuarial concepts to non-technical audiences.
• Experience working within the insurance industry, preferably in Stellenbosch.

Benefits

• Competitive salary and bonus structure reflective of actuarial qualifications.
• Comprehensive medical, dental, and vision insurance.
• Support for actuarial exam progression and professional development.
• Hybrid work arrangement promoting a healthy work-life balance.
• An intellectually stimulating environment with opportunities for career advancement.