Actuarial Analyst - Pricing and Reserving

Placements24; Benoni; Híbrido; ZAR 600.000 - 900.000; Jornada completa

Ventajas ofrecidas por este puesto de trabajo

Medical aid

Provident fund

Study support for actuarial exams

Hybrid work arrangement

Descripción de la vacante

Placements24 is seeking an Actuarial Analyst in Benoni, Gauteng, to strengthen pricing and reserving functions for an international insurance group. You will develop actuarial models for pricing products, set technical provisions, and partner with underwriting, finance, and risk teams.

The role requires pursuing actuarial qualifications, at least 3 years in pricing or reserving, and proficiency in Prophet, R, Python, and Excel. A hybrid workplace in Benoni offers modern tools and study support.

Formación

• Pursuing actuarial qualifications with a recognized actuarial society.
• Minimum 3 years of actuarial pricing or reserving experience in the insurance industry.
• Proficiency in Prophet, R, Python and advanced Excel.
• Strong understanding of insurance principles and financial mathematics.
• Excellent communication and presentation skills.

Responsabilidades

• Develop, implement, and maintain actuarial models for pricing insurance products accurately.
• Calculate and set appropriate technical provisions (reserves) for existing and future claims liabilities.
• Perform profitability analysis and provide recommendations for pricing adjustments.
• Analyze historical claims data and other relevant information to identify trends and patterns.
• Assist in the development of new insurance products by providing actuarial input.
• Prepare actuarial reports and present findings to senior management and other stakeholders.
• Ensure compliance with relevant actuarial standards, regulations, and reporting requirements.
• Collaborate with IT and data teams to ensure data integrity and the efficient functioning of actuarial systems.
• Stay updated on actuarial methodologies, software tools, and industry best practices.
• Support internal and external audits related to actuarial functions.

Conocimientos

Quantitative skills

Analytical thinking

Problem solving

Communication skills

Teamwork

Independence

Data analysis

Actuarial software

Excel

Educación

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

Herramientas

Prophet

R

Python

Excel

Descripción del empleo

About the Role

Our client, a prestigious international insurance group, is seeking a talented and analytical Actuarial Analyst to strengthen their core pricing and reserving functions in Benoni. This role is instrumental in developing and implementing sophisticated actuarial models used for pricing insurance products and establishing appropriate financial reserves. You will collaborate closely with underwriting, finance, and risk management teams to provide critical insights that drive profitable business decisions. This position offers a hybrid work model, allowing for a blend of focused analysis in the office and the flexibility to work remotely. The successful candidate will possess strong quantitative skills, a thorough understanding of actuarial principles, and a keen interest in the complexities of the insurance market in Gauteng. This is an excellent opportunity for an actuarial professional looking to advance their career within a supportive and intellectually stimulating environment in Benoni.

Key Responsibilities

• Develop, implement, and maintain actuarial models for pricing insurance products accurately.
• Calculate and set appropriate technical provisions (reserves) for existing and future claims liabilities.
• Perform profitability analysis and provide recommendations for pricing adjustments.
• Analyze historical claims data and other relevant information to identify trends and patterns.
• Assist in the development of new insurance products by providing actuarial input.
• Prepare actuarial reports and present findings to senior management and other stakeholders.
• Ensure compliance with relevant actuarial standards, regulations, and reporting requirements.
• Collaborate with IT and data teams to ensure data integrity and the efficient functioning of actuarial systems.
• Stay updated on actuarial methodologies, software tools, and industry best practices.
• Support internal and external audits related to actuarial functions.

Requirements

• Pursuing actuarial qualifications with a recognized actuarial society (e.g., Actuarial Society of South Africa).
• Minimum of 3 years of relevant experience in actuarial pricing or reserving within the insurance industry.
• Strong quantitative, analytical, and problem‑solving skills.
• Proficiency in actuarial software (e.g., Prophet, R, Python) and advanced Excel skills.
• Excellent understanding of insurance principles, product features, and financial mathematics.
• Strong communication and presentation skills, with the ability to convey complex technical concepts clearly.
• Ability to work independently and as part of a collaborative team.
• Meticulous attention to detail and commitment to accuracy.
• Familiarity with South African insurance regulations is an advantage.
• A Bachelor's degree in Actuarial Science, Mathematics, Statistics, or a related quantitative field.

Benefits

• Our client offers a competitive salary commensurate with experience and actuarial study progress.
• The benefits package includes comprehensive medical aid, a provident fund, and significant study support for actuarial examinations.
• The hybrid work arrangement promotes a healthy work-life balance.
• You will have access to cutting‑edge actuarial tools and continuous professional development opportunities in Benoni, contributing to a vital function within the insurance sector.