Actuarial Analyst - Insurance

Placements24; Sandton; Hybrid; ZAR 600,000 - 900,000; Full time

Benefits offered by this job

Hybrid work

Health insurance

Study support

Career advancement

Tech resources

Job summary

Placements24 is seeking an Actuarial Analyst for a hybrid role based in Sandton. You will develop and maintain actuarial models for pricing and reserving, analyze data to assess risks, and collaborate with underwriting, finance, and risk teams.

The ideal candidate holds a relevant degree, progress toward actuarial qualifications, and at least 3 years of actuarial experience in insurance, with proficiency in Prophet, GGY Axis, SQL, R, and Python.

Qualifications

• Bachelor's degree in Actuarial Science, Mathematics, Statistics, or related quantitative field.
• Progress toward or completion of actuarial qualifications (e.g., FSA, FIA, ASA).
• Minimum of 3 years of actuarial experience in the insurance industry.
• Proficiency in actuarial modeling software (Prophet, GGY Axis) and data analysis tools (SQL, R, Python).
• Strong understanding of insurance principles, reserving methods, and financial modeling techniques.
• Excellent analytical, problem-solving, and communication skills.

Responsibilities

• Develop, implement, and maintain actuarial models for pricing, reserving, and financial projections.
• Analyze statistical data to assess insurance risks and develop pricing strategies.
• Perform valuation of insurance liabilities and ensure regulatory reporting compliance.
• Contribute to development and enhancement of new insurance products.
• Collaborate with underwriting, finance, and risk management to provide actuarial insights.
• Stay current with actuarial methodologies, software, and industry best practices.
• Prepare reports and presentations to communicate findings and recommendations to stakeholders.

Skills

Actuarial modeling

Prophet

GGY Axis

SQL

R

Python

Insurance principles

Reserving methods

Financial modeling

Communication skills

Education

Bachelor's degree in Actuarial Science

Tools

Prophet

GGY Axis

Job description

About the Role

Our client is seeking a highly skilled and motivated Actuarial Analyst to join their hybrid team based in Sandton . You will be instrumental in assessing financial risks, pricing insurance products, and forecasting future financial outcomes. This role requires strong analytical capabilities, a deep understanding of statistical modeling, and the ability to communicate complex findings clearly. You will contribute to key strategic decisions, working flexibly between remote arrangements and collaborating from our prestigious Sandton office.

Key Responsibilities

• Develop, implement, and maintain actuarial models for pricing, reserving, and financial projections.
• Analyze statistical data to assess insurance risks and develop appropriate pricing strategies.
• Perform valuation of insurance liabilities and ensure compliance with regulatory reporting requirements.
• Contribute to the development and enhancement of new insurance products.
• Collaborate with underwriting, finance, and risk management teams to provide actuarial insights.
• Stay current with actuarial methodologies, software, and industry best practices.
• Prepare reports and presentations to communicate findings and recommendations to stakeholders.

Requirements

• Bachelor's degree in Actuarial Science, Mathematics, Statistics, or a related quantitative field.
• Progress towards or completion of actuarial qualifications (e.g., FSA, FIA, ASA).
• Minimum of 3 years of relevant experience in an actuarial role within the insurance industry.
• Proficiency in actuarial modeling software (e.g., Prophet, GGY Axis) and data analysis tools (e.g., SQL, R, Python).
• Strong understanding of insurance principles, reserving methods, and financial modeling techniques.
• Excellent analytical, problem-solving, and communication skills.
• Ability to work independently and effectively in a hybrid work setup in the Sandton area.

Benefits

• Highly competitive salary and bonus structure, commensurate with experience and qualifications.
• Comprehensive health, dental, and vision insurance.
• Generous study support and opportunities for career advancement.
• Hybrid work model providing flexibility and work-life balance.
• Access to cutting-edge actuarial technology and professional development resources.