Actuarial Analyst - Benoni

National Risk Managers; Gauteng; On-site; ZAR 400,000 - 600,000; Full time

Job summary

National Risk Managers is seeking a Junior Actuarial Analyst to join their Actuarial Valuations team. This role focuses on financial reporting, data management, and analysis, requiring strong analytical skills and a Bachelor’s in Actuarial Science. Ideal candidates will have 2 years of experience in life insurance and a proactive approach to problem-solving.

Qualifications

• Bachelor's degree in Actuarial Science or similar (SAQA-accredited).
• Experience: Minimum 2 years in life insurance with exposure to financial reporting.

Responsibilities

• Support actuarial valuations and regulatory submissions.
• Maintain and enhance the actuarial data warehouse.
• Communicate results to stakeholders.

Skills

Analytical skills

Problem-solving skills

Proficiency in Excel

SQL

Modelling in R or Python

Organizational skills

Attention to detail

Deadline-driven

Education

Bachelor's degree in Actuarial Science

Progress toward actuarial qualification

Job description

Join a life insurer committed to financial responsibility and innovation.

We are seeking a Junior Actuarial Analyst to support our Actuarial Valuations team, a core function responsible for financial reporting, reserving, capital monitoring, and strategic insights.

This role also involves managing and developing data assets that underpin actuarial analysis.

It is ideal for a technically strong actuarial candidate who enjoys working with data and models and wants to grow their impact on business-critical decision-making.

Role Overview : As an Actuarial Analyst, you will work closely with the business and senior actuaries to:

• Support the production of actuarial valuations and regulatory returns (e.g., SAM, IFRS 17).
• Contribute to experience investigations, assumption setting, and reserve movement analysis.
• Assist in financial projections for budgeting, capital, and ORSA reporting.
• Perform data validation and ensure consistency of inputs used in actuarial models.
• Develop and maintain a central actuarial data warehouse, ensuring reliable, well-structured data for reporting and modelling.
• Collaborate with teams across Finance, Risk, Product Development, and Data Analytics.

Key Responsibilities :

Valuations and Reporting

• Assist in calculating technical provisions and preparing internal valuation reports.
• Contribute to documentation of actuarial assumptions and methodologies.
• Support regulatory submissions and statutory returns (QRT, ORSA).

Actuarial Data Management

• Maintain and enhance the actuarial data warehouse.
• Ensure data quality, integrity, and consistency across datasets.
• Work with large datasets to identify trends and anomalies.
• Create and monitor data validation metrics.
• Build and maintain ETL processes from core systems.

Modelling and Analysis

• Use actuarial models to produce forecasts, stress tests, and scenario analyses.
• Maintain and update models used for reserving and forecasting.
• Support product reviews, business planning, and risk assessments.
• Analyze the financial impact of business decisions and external events.

Communication and Collaboration

• Communicate results to technical and non-technical stakeholders.
• Prepare presentations and reports for management and committees.
• Liaise with finance, auditors, external actuaries, risk, and operations teams.

Minimum Qualifications :

• Bachelor's degree in Actuarial Science or similar (SAQA-accredited).
• Progress toward actuarial qualification (exemptions or subjects passed) with ASSA or recognized body.

Experience :

• Minimum 2 years actuarial experience in life insurance (e.g., financial reporting, valuations).
• Exposure to SAM, IFRS 17, or other frameworks preferred.

Skills :

• Strong analytical and problem-solving skills.
• Proficiency in Excel, SQL, and modelling in R or Python.
• Organizational skills for managing multiple projects.
• Detail-oriented with high-quality work and documentation.
• Deadline-driven.

Please Note : If you do not receive a reply within two weeks of your application, please consider it unsuccessful.