Actuarial Analyst - Pricing & Reserving (Hybrid)

Placements24; Durban; Hybrid; ZAR 550,000 - 850,000; Full time

Benefits offered by this job

Actuarial exam fees covered

Performance bonus

Medical aid

Retirement fund

Hybrid model

Job summary

Placements24 in Durban seeks an Actuarial Analyst to join its insurance team, focusing on pricing, reserving, and risk analytics to support financial planning.

You will work with R, Python, and SAS to build models, analyze data trends, and contribute to regulatory filings while collaborating across underwriting, product, and finance.

Hybrid work arrangement offers in-office engagement with remote flexibility, professional development, and opportunities to advance toward actuarial fellowship.

Qualifications

• Bachelor's degree in Actuarial Science, Mathematics, Statistics, or a related quantitative field.
• Progress towards actuarial exams (e.g., SOA/CAS) is required, with a strong desire to achieve full fellowship.
• 2-4 years of actuarial experience, preferably in pricing or reserving.
• Proficiency in statistical modeling, data analysis, and programming languages such as R, Python, or SAS.
• Strong understanding of insurance principles and financial mathematics.
• Excellent analytical, problem-solving, and quantitative skills.
• Effective communication and presentation abilities.
• Ability to work collaboratively in a hybrid team environment.

Responsibilities

• Develop, implement, and maintain pricing models for new and existing insurance products.
• Perform complex reserving calculations and analyses to ensure adequate financial reserves for future claims.
• Analyze historical data to identify trends, assess risks, and provide insights for business decision-making.
• Assist in the preparation of regulatory filings and financial reports.
• Collaborate with underwriting, product development, and finance teams to support business objectives.
• Utilize advanced statistical software and programming languages (e.g., R, Python, SQL) for data analysis and modeling.
• Stay current with industry best practices, regulatory changes, and actuarial techniques.
• Communicate complex actuarial concepts and findings clearly to non-technical stakeholders.
• Contribute to the development and enhancement of actuarial tools and processes.

Skills

Statistical modeling

Data analysis

Excellent communication

Education

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

Tools

R

Python

SAS

Job description

Placements24 in Durban seeks an Actuarial Analyst to join its insurance team, focusing on pricing, reserving, and risk analytics to support financial planning.

You will work with R, Python, and SAS to build models, analyze data trends, and contribute to regulatory filings while collaborating across underwriting, product, and finance.

Hybrid work arrangement offers in-office engagement with remote flexibility, professional development, and opportunities to advance toward actuarial fellowship.