Actuarial Analyst - Pricing, Reserving & Modeling (Hybrid)

Placements24; East London; Hybrid; ZAR 600,000 - 900,000; Full time

Benefits offered by this job

Hybrid work model

Medical aid

Retirement fund

Support for actuarial exams

Job summary

Placements24 is seeking an actuarial analyst in East London to join the company's actuarial department. The role focuses on building models for pricing, reserving, and product development, using statistical methods to assess financial risks in insurance offerings.

The ideal candidate is mathematically inclined, detail-oriented, with strong analytical and communication skills, pursuing actuarial qualifications and contributing to financial health and regulatory reporting.

Qualifications

• Bachelor's degree in Actuarial Science, Mathematics, Statistics, or related quantitative field.
• Actuarial exam progression toward professional designation (FSA/ACAS or local equivalent) is preferred.
• Minimum of 2 years of actuarial experience in the insurance industry.
• Proficiency in actuarial software and modeling tools (Prophet, R, Python, SQL).
• Strong analytical, problem-solving, and mathematical skills.
• Excellent communication and presentation skills.

Responsibilities

• Develop and maintain actuarial models for pricing, reserving, and financial forecasting.
• Analyze historical data to identify trends and assess risk exposure.
• Assist in development of new insurance products and policy features.
• Prepare reports and presentations for management and regulators.
• Collaborate with underwriting, finance, and product teams for insights.
• Stay current with actuarial methodologies and industry regulations.

Skills

Actuarial software

Quantitative analysis

Python

R

Prophet

SQL

Analytical thinking

Communication

Education

Bachelor's degree in Actuarial Science or quantitative field

Actuarial exam progression toward FSA/ACAS

Tools

Prophet

R

Python

SQL

Job description

Placements24 is seeking an actuarial analyst in East London to join the company's actuarial department. The role focuses on building models for pricing, reserving, and product development, using statistical methods to assess financial risks in insurance offerings.

The ideal candidate is mathematically inclined, detail-oriented, with strong analytical and communication skills, pursuing actuarial qualifications and contributing to financial health and regulatory reporting.