Actuarial Analyst - Insurance

Placements24; Bloemfontein; Hybrid; ZAR 420,000 - 620,000; Full time

Benefits offered by this job

Health insurance

Retirement savings

Study leave

Financial assistance

Career growth

Collaborative environment

Job summary

Placements24 in Bloemfontein seeks an Actuarial Analyst to join our client’s team. You will develop and maintain actuarial models for pricing, reserving and forecasting, analyze data, and support product strategies with clear reports.

The role requires a Bachelor’s in Actuarial Science or related field, progress towards actuarial exams, strong programming skills (R, Python, SQL), and excellent communication.

Qualifications

• Bachelor’s degree in Actuarial Science, Mathematics, Statistics, or a related quantitative field.
• Progress towards actuarial designations (e.g., passed several actuarial exams).
• Strong analytical and problem-solving skills with a keen eye for detail.
• Proficiency in actuarial software, statistical modeling tools, and programming languages (R, Python, SQL).
• Excellent written and verbal communication skills.

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 development and refinement of new insurance products and policy structures.
• Prepare reports and presentations for management detailing actuarial findings and recommendations.
• Ensure compliance with regulatory requirements and professional standards.
• Collaborate with underwriting, claims, and finance departments to provide actuarial insights.

Skills

Actuarial exam progress

Analytical skills

Programming: R/Python/SQL

Communication skills

Education

Bachelor's degree in Actuarial Science/Math/Statistics

Tools

R

Python

SQL

Job description

About the Role

Our client is seeking a talented and analytical Actuarial Analyst to join their team in Bloemfontein. This role is vital for analyzing insurance risks, pricing new products, and ensuring the financial solvency of the company. You will utilize complex mathematical models and statistical techniques to assess trends, forecast future liabilities, and support strategic decision-making. The ideal candidate will be progressing through actuarial exams, possess strong quantitative skills, and be eager to contribute to the financial stability and innovation of our client's insurance offerings in the Free State province.

Key Responsibilities

• Develop and maintain actuarial models for pricing, reserving, and financial forecasting.
• Analyze insurance data to identify trends, assess risks, and recommend appropriate strategies.
• Assist in the development and refinement of new insurance products and policy structures.
• Prepare reports and presentations for management, detailing actuarial findings and recommendations.
• Ensure compliance with regulatory requirements and professional standards.
• Collaborate with underwriting, claims, and finance departments to provide actuarial insights.

Requirements

• Bachelor's degree in Actuarial Science, Mathematics, Statistics, or a related quantitative field.
• Progress towards actuarial designations (e.g., passed several actuarial exams).
• Strong analytical and problem-solving skills, with a keen eye for detail.
• Proficiency in actuarial software, statistical modeling tools, and programming languages (e.g., R, Python, SQL).
• Excellent written and verbal communication skills.
• Ability to work independently and as part of a team in a deadline-driven environment.

Benefits

• Competitive salary and comprehensive benefits package, including health insurance and retirement savings.
• Support for actuarial exam progression, including study leave and financial assistance.
• Opportunities for professional growth and career advancement in actuarial science.
• Exposure to diverse areas of the insurance business.
• A collaborative and intellectually stimulating work environment in Bloemfontein.