Actuarial Analyst – Pricing & Reserving (Hybrid)

Placements24; Randburg; Hybrid; ZAR 480,000 - 720,000; Full time

Benefits offered by this job

Competitive salary & bonus

Medical aid

Provident fund

Study assistance for actuarial exams

Career advancement

Job summary

Placements24 seeks an Actuarial Analyst in Randburg to join a high‑performing actuarial team. You will develop and refine pricing models for various insurance products and support reserving activities, collaborating with underwriting, finance, and product teams to provide actionable actuarial insights.

You will apply advanced analytical techniques and statistical modeling to assess risk, forecast outcomes, and contribute to the company’s solvency and profitability in a hybrid work setting based

Qualifications

• Bachelor's degree in Actuarial Science, Statistics, Mathematics, or related quantitative discipline.
• Progress towards actuarial examinations (e.g., SOA, IFoA) is essential.
• Minimum of 3 years of actuarial experience in pricing or reserving within the insurance industry.
• Proficiency in actuarial software (Prophet) and data analysis tools (R, Python, SQL) and advanced Excel.

Responsibilities

• Develop, implement, and maintain pricing models for insurance products.
• Analyze historical data and market trends to inform pricing strategies.
• Perform reserving calculations to ensure adequacy of technical provisions.
• Collaborate with underwriting, finance, and product teams to provide actuarial insights.
• Conduct sensitivity analyses and scenario testing on pricing and reserving assumptions.
• Prepare actuarial reports and presentations for management and regulatory bodies.
• Stay updated with industry developments and actuarial best practices.
• Contribute to development of new actuarial methodologies and software.

Skills

Analytical skills

Quantitative modeling

Communication

Education

Bachelor's degree in Actuarial Science/Statistics/Mathematics or related

Tools

Prophet

R

Python

SQL

Excel

Job description

Placements24 seeks an Actuarial Analyst in Randburg to join a high‑performing actuarial team. You will develop and refine pricing models for various insurance products and support reserving activities, collaborating with underwriting, finance, and product teams to provide actionable actuarial insights.

You will apply advanced analytical techniques and statistical modeling to assess risk, forecast outcomes, and contribute to the company’s solvency and profitability in a hybrid work setting based