Actuarial Analyst (General Insurance)

Placements24; Mbombela (Nelspruit); Hybrid; ZAR 360,000 - 540,000; Full time

Benefits offered by this job

Hybrid work model

Study support for actuarial exams

Medical benefits

Retirement benefits

Mentorship from senior actuaries

Job summary

Placements24 seeks an Actuarial Analyst to join the General Insurance division in Nelspruit. You will apply quantitative skills to pricing, reserving, and capital modelling, supporting strategic decisions and financial health.

The role suits candidates pursuing actuarial qualifications, offering mentorship and exposure to diverse actuarial functions within general insurance.

Qualifications

• Progress toward actuarial qualifications with exam passes.
• Strong quantitative and analytical skills.
• Proficiency in Python, R, SQL.
• Experience with Excel and database management.
• Excellent communication skills.

Responsibilities

• Assist in calculation of technical provisions and reserves for general insurance liabilities.
• Support development and validation of pricing models for new and existing products.
• Perform data analysis to identify trends, assess risks, and provide insights for business improvement.
• Contribute to capital modeling and solvency assessments, ensuring regulatory compliance.
• Prepare reports and presentations for management on actuarial findings and recommendations.
• Collaborate with underwriting, claims, and finance teams to provide actuarial support.

Skills

Quantitative analysis

Analytical thinking

Communication

Problem solving

Education

Actuarial exams progression

Tools

Python

R

SQL

Excel

Job description

About the Role

Our client is seeking a bright and ambitious Actuarial Analyst to join their General Insurance division in Nelspruit . This role offers a fantastic opportunity to apply quantitative skills to complex insurance problems, including pricing, reserving, and capital modeling. You will work closely with various departments, providing critical insights that drive strategic decision-making and ensure the financial health of the business. This position is ideal for individuals pursuing actuarial qualifications who are looking for a challenging and rewarding career path.

Key Responsibilities

• Assist in the calculation of technical provisions and reserves for general insurance liabilities.
• Support the development and validation of pricing models for new and existing products.
• Perform data analysis to identify trends, assess risks, and provide insights for business improvement.
• Contribute to capital modeling and solvency assessments, ensuring regulatory compliance.
• Prepare reports and presentations for management on actuarial findings and recommendations.
• Collaborate with underwriting, claims, and finance teams to provide actuarial support.

Requirements

• Progress towards actuarial qualifications (e.g., exam passes with a recognized actuarial society).
• Strong quantitative and analytical skills, with excellent problem-solving abilities.
• Proficiency in programming languages and statistical software (e.g., Python, R, SQL).
• Experience with Microsoft Excel and database management.
• Excellent communication skills, both written and verbal.

Benefits

• Competitive salary and study support for actuarial exams.
• Comprehensive medical and retirement benefits.
• Hybrid work model promoting work-life balance.
• Exposure to diverse actuarial functions within general insurance.
• Mentorship from senior actuaries in a growing team in Nelspruit .