Actuarial Analyst (Insurance)

Placements24; Rustenburg; On-site; ZAR 360,000 - 720,000; Full time

Benefits offered by this job

Competitive salary package

Medical aid and retirement fund

Study assistance for actuarial exams

Career progression opportunities

On-site parking

Annual bonus

Life insurance cover

Team building events

Professional development resources

Job summary

Placements24 in Rustenburg is seeking an Actuarial Analyst to join our prestigious financial services client on-site. You’ll work on pricing, reserving, and financial modeling to manage risk and support regulatory reporting.

The role requires a degree in Actuarial Science or related field, progress toward actuarial exams, and 2–3 years in insurance actuarial work. Proficiency in Prophet, R, Python, and Excel is essential.

Qualifications

• Bachelor's degree in Actuarial Science, Mathematics, Statistics, or related quantitative field.
• Progress towards actuarial examinations (e.g., Actuarial Society of South Africa exams).
• Minimum 2–3 years of experience in an actuarial role within the insurance industry.
• Strong analytical, problem-solving, and quantitative skills.
• Proficiency in actuarial software (Prophet) and programming (R, Python) and Excel.
• Excellent attention to detail and interpersonal communication.
• Ability to work independently and as part of a team in an office environment.

Responsibilities

• Assist in development, implementation, and maintenance of actuarial models for pricing, reserving, and capital management.
• Perform complex calculations and analysis related to insurance liabilities and assets.
• Conduct experience analyses to inform pricing and reserving assumptions.
• Support preparation of regulatory filings and financial reports.
• Collaborate with underwriting, product development, and finance teams on various projects.
• Research and stay updated on industry trends, regulatory changes, and new actuarial techniques.
• Assist in valuation of the company's insurance business.
• Document methodologies and assumptions used in actuarial models.
• Contribute to continuous improvement of actuarial processes and systems.
• Present findings and recommendations to management and other stakeholders.

Skills

Analytical skills

Problem-solving

Communication skills

Teamwork

Education

Bachelor's degree in Actuarial Science, Mathematics, Statistics, or related quantitative field

Tools

Prophet

R

Python

Microsoft Excel

Job description

About the Role

Our client, a prestigious financial services firm, is actively seeking a talented and motivated Actuarial Analyst to join their team in Rustenburg . This is an on-site position, offering a fantastic opportunity to contribute to critical actuarial functions within the insurance sector. You will play a key role in pricing, reserving, and financial modeling, applying quantitative skills to assess and manage risk. The successful candidate will work closely with senior actuaries and other departments to ensure the financial health and strategic growth of the company. This role is ideal for an individual passionate about the insurance industry, eager to develop their actuarial career in a stable and reputable organization.

Key Responsibilities

• Assist in the development, implementation, and maintenance of actuarial models for pricing, reserving, and capital management.
• Perform complex calculations and analysis related to insurance liabilities and assets.
• Conduct experience analyses to inform assumptions for pricing and reserving.
• Support the preparation of regulatory filings and financial reports.
• Collaborate with underwriting, product development, and finance teams on various projects.
• Research and stay updated on industry trends, regulatory changes, and new actuarial techniques.
• Assist in the valuation of the company's insurance business.
• Document methodologies and assumptions used in actuarial models.
• Contribute to the continuous improvement of actuarial processes and systems.
• Present findings and recommendations to management and other stakeholders.

Requirements

• A Bachelor's degree in Actuarial Science, Mathematics, Statistics, or a related quantitative field.
• Progress towards actuarial examinations (e.g., Actuarial Society of South Africa exams).
• Minimum of 2-3 years of experience in an actuarial role within the insurance industry.
• Strong analytical, problem-solving, and quantitative skills.
• Proficiency in actuarial software (e.g., Prophet, R, Python) and Microsoft Excel.
• Excellent attention to detail and accuracy.
• Good communication and interpersonal skills, with the ability to explain technical concepts clearly.
• Ability to work independently and as part of a team in an office environment.
• Understanding of South African insurance regulations and market practices.
• Demonstrated commitment to professional development and passing actuarial exams.

Benefits

• Competitive salary package.
• Medical aid and retirement fund benefits.
• Study assistance and support for actuarial exams.
• Opportunities for career progression within a growing company.
• A collaborative and professional working environment.
• Annual bonus based on performance.
• Life insurance cover.
• On-site parking.
• Regular team building events.
• Access to professional development resources.