Actuarial Analyst - General Insurance - Pretoria

Placements24; Gauteng; Hybrid; ZAR 520,000 - 760,000; Full time

Benefits offered by this job

Study assistance

Bonuses

Medical aid

Retirement benefits

Career advancement

Remote work options

Job summary

Placements24 is seeking an Actuarial Analyst to join our team in Pretoria, Gauteng. You will model pricing, perform reserving analyses and support risk management for our general insurance portfolio. Collaborate with underwriting and finance to produce actionable insights and regulatory reports.

The role emphasizes strong quantitative skills, programming with Python/R/SQL/ResQ, and progress toward actuarial qualifications. Hybrid work options and study support are provided.

Qualifications

• Bachelor's degree in Actuarial Science, Mathematics, Statistics or related quantitative field.
• Actuarial student status with progress towards professional qualifications (e.g., ASSA).
• 2–3 years of relevant experience in the general insurance industry.
• Strong quantitative, analytical and problem-solving skills.
• Experience with actuarial software and programming languages is a plus.
• Excellent written and verbal communication; ability to work both independently and in a team.

Responsibilities

• Assist in development and maintenance of pricing models for general insurance products.
• Perform reserving calculations and analyses with regulatory compliance.
• Conduct profitability studies and provide underwriting improvement recommendations.
• Develop and implement risk models to assess potential impacts on the business.
• Assist in preparation of regulatory returns and actuarial reports.
• Support the actuarial team in ad-hoc projects, data analysis and research.
• Collaborate with underwriting, finance and product teams to provide insights.
• Utilize actuarial software and programming tools for data manipulation and analysis.
• Stay updated on actuarial science developments, regulations and best practices.
• Contribute to the actuarial function's efficiency through process improvements.

Education

Bachelor's degree in Actuarial Science, Mathematics, Statistics

Tools

Python

R

SQL

ResQ

Job description

About the Role

Our client, a leading innovator in the insurance sector, is seeking a bright and analytical Actuarial Analyst to join their dedicated team in Pretoria, Gauteng. This role is fundamental to the company's success, providing critical insights into pricing, reserving, and risk management for their general insurance portfolio. The successful candidate will leverage advanced mathematical and statistical techniques to model complex financial scenarios, assess risk, and support strategic decision-making. This is an excellent opportunity for an ambitious individual to further develop their actuarial career within a supportive environment that encourages professional growth and examination success. You will work closely with experienced actuaries and cross-functional teams, contributing directly to the company's profitability and solvency. The role requires a strong quantitative aptitude and a commitment to maintaining the highest professional standards in actuarial practice. Join a forward-thinking company committed to excellence.

Key Responsibilities

• Assist in the development and maintenance of pricing models for various general insurance products.
• Perform reserving calculations and analyses, ensuring adequacy and compliance with regulatory requirements.
• Conduct profitability studies and provide recommendations for improving underwriting performance.
• Develop and implement risk models to assess potential impacts on the business.
• Assist in the preparation of regulatory returns and actuarial reports.
• Support the actuarial team in ad-hoc projects, data analysis, and research initiatives.
• Collaborate with underwriting, finance, and product development teams to provide actuarial insights.
• Utilize actuarial software and programming tools (e.g., Python, R, SQL, ResQ) for data manipulation and analysis.
• Stay updated on the latest developments in actuarial science, insurance regulations, and industry best practices.
• Contribute to the actuarial function's efficiency and effectiveness through process improvements.

Requirements

• A Bachelor's degree in Actuarial Science, Mathematics, Statistics, or a related quantitative field.
• Actuarial student status with progress towards professional qualifications (e.g., Actuarial Society of South Africa).
• A minimum of 2-3 years of relevant experience in the general insurance industry.
• Strong quantitative, analytical, and problem-solving skills.
• Proficiency in data analysis and statistical modeling techniques.
• Experience with actuarial software and programming languages is a significant plus.
• Excellent written and verbal communication skills.
• Ability to work effectively both independently and as part of a team.
• Detail-oriented with a commitment to accuracy and quality.
• Located in or willing to relocate to Pretoria (remote work considered based on candidate profile and business needs).

Benefits

• Attractive annual salary package between and ZAR , reflecting qualifications and experience.
• Study assistance and support for actuarial examinations.
• Performance-based bonuses.
• Comprehensive medical aid and retirement benefits.
• Opportunities for rapid career advancement and exposure to diverse actuarial areas.
• A modern and well-equipped office environment in Pretoria , with the flexibility of remote work options.