Actuarial Analyst: Pricing, Reserving & Growth (Durban)

Placements24; Durban; On-site; ZAR 350,000 - 600,000; Full time

Benefits offered by this job

Medical aid

Provident fund

Group life insurance

Study leave for actuarial exams

Professional development opportunities

Potential international exposure

Job summary

Placements24 in Durban is seeking an Actuarial Analyst for a life insurance provider. You will contribute to pricing, reserving, and product development, working alongside experienced actuaries in a collaborative, mentorship-rich environment.

This office-based role emphasizes strong quantitative skills, actuarial exam progression, and opportunities for career advancement within a growing insurance team in Durban.

Qualifications

• Bachelor's degree in Actuarial Science, Mathematics, Statistics, or a related quantitative field.
• Progress towards actuarial qualifications (e.g., passed several actuarial exams) is essential.
• Strong analytical, quantitative, and problem-solving skills.
• Proficiency in actuarial modeling software (Prophet, GGY Axis) and Excel.
• Knowledge of life insurance products, principles, and regulations.
• Excellent written and verbal communication skills.
• Detail-oriented with a high degree of accuracy in work.
• Ability to work effectively both independently and as part of a team.
• Prior internship or work experience in an actuarial role within the insurance industry is advantageous.
• Must be legally eligible to work in South Africa and based in or willing to relocate to Durban.

Responsibilities

• Assist in the calculation of life insurance reserves, ensuring compliance with regulatory requirements and accounting standards.
• Perform pricing analyses for new and existing life insurance products, including mortality, morbidity, and expense assumptions.
• Develop and maintain actuarial models for valuation, forecasting, and risk assessment.
• Analyze policy data to identify trends, assess profitability, and inform product development strategies.
• Support the implementation and testing of new actuarial software and systems.
• Prepare reports and presentations on actuarial findings for management and regulatory bodies.
• Collaborate with other departments, including finance, product development, and marketing, on actuarial-related matters.
• Stay abreast of industry developments, regulatory changes, and emerging actuarial techniques.
• Participate in actuarial examinations and pursue relevant professional designations (e.g., Actuarial Society of South Africa).
• Conduct ad-hoc analysis as required to support business initiatives and strategic decisions.

Skills

Analytical thinking

Quantitative skills

Problem-solving

Education

Bachelor's degree in Actuarial Science/Mathematics/Statistics

Tools

Prophet

GGY Axis

Microsoft Excel

Job description

Placements24 in Durban is seeking an Actuarial Analyst for a life insurance provider. You will contribute to pricing, reserving, and product development, working alongside experienced actuaries in a collaborative, mentorship-rich environment.

This office-based role emphasizes strong quantitative skills, actuarial exam progression, and opportunities for career advancement within a growing insurance team in Durban.