Actuarial Analyst - Insurance

Placements24; South Africa; Remote; ZAR 420,000 - 700,000; Full time

Benefits offered by this job

Salary and bonus

Study sponsorship

Medical aid

Retirement fund

Wellness benefits

Remote work environment

Job summary

Placements24 seeks an Actuarial Analyst for our client in Upington, Northern Cape. You will build models for pricing, reserving, and forecasting and provide quantitative insights on reserves, capital, and profitability.

You’ll collaborate with underwriting, claims and finance, using R, Python and SQL to support pricing and risk decisions. A Bachelor’s degree and ASA/FSA progress are expected, with 2+ years’ experience.

Qualifications

• Bachelor's degree in Actuarial Science, Mathematics, Statistics, or related quantitative field.
• Progress towards actuarial qualifications (ASA/FSA).
• 2+ years of relevant insurance industry experience (life or short-term).
• Strong analytical, problem-solving and modelling skills; proficient in R, Python, SQL, Prophet.
• Excellent communication and interpersonal skills; able to explain technical concepts to non-technical audiences.

Responsibilities

• Develop, maintain and enhance actuarial models for pricing, reserving and forecasting.
• Perform data analysis to inform pricing strategies for new and existing products.
• Calculate and manage policy reserves and capital requirements per regulatory standards.
• Analyze profitability and trends within product lines and provide recommendations.

Skills

Actuarial experience

Analytical skills

Modeling

R

Python

SQL

Prophet

Communication

Education

Bachelor's degree in Actuarial Science/Math/Statistics

ASA/FSA progress towards

Tools

R

Python

SQL

Prophet

Job description

About the Role

Our client is seeking a highly skilled and motivated Actuarial Analyst to join their dynamic team in Upington . This role involves complex financial modeling, risk assessment, and pricing of insurance products. You will contribute to critical business decisions by providing quantitative insights and projections related to reserves, capital requirements, and profitability. This is an exceptional opportunity for an ambitious actuarial professional to make a significant impact within the insurance sector in the Northern Cape , working with cutting-edge analytical tools and methodologies.

Key Responsibilities

• Develop, maintain, and enhance actuarial models for pricing, reserving, and financial forecasting.


• Perform data analysis to assess insurance risks and inform pricing strategies for new and existing products.


• Calculate and manage policy reserves and capital requirements in compliance with regulatory standards.


• Analyze profitability and trends within product lines, providing recommendations for improvement.


• Collaborate with underwriting, claims, and finance departments to provide actuarial expertise.


• Stay updated on actuarial best practices, industry developments, and regulatory changes.

Requirements

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


• Progress towards actuarial qualifications (e.g., Associate or Fellow of the Actuarial Society of South Africa - ASA/FSA).


• 2+ years of relevant experience in the insurance industry, with a focus on life or short-term insurance.


• Strong analytical, problem-solving, and modeling skills, with proficiency in statistical software (e.g., R, Python, SQL, Prophet).


• Excellent communication and interpersonal skills, with the ability to explain technical concepts to non-technical audiences.

Benefits

• Highly competitive salary and bonus structure commensurate with qualifications and experience.


• Full sponsorship and study leave for actuarial examinations.


• Comprehensive medical aid, retirement fund, and other wellness benefits.


• Opportunities for professional growth and advancement within a leading insurance company.


• A flexible and modern remote work environment, ideal for professionals in or near Upington .