Actuarial Analyst — Pricing, Reserving & Risk (Hybrid)

Placements24; Sandton; Hybrid; ZAR 450,000 - 650,000; Full time

Benefits offered by this job

Hybrid work model

Actuarial exam support

Medical aid

Retirement fund

Generous annual leave

Job summary

Placements24 is seeking an Actuarial Analyst for a hybrid role in Sandton to apply actuarial principles to pricing, reserving, financial modelling, and risk management.

The ideal candidate holds a BSc in Actuarial Science or related field, progresses actuarial exams, and has 3+ years in insurance actuarial work, with Prophet/AXIS and SQL/Python/R, plus strong analytics.

The position offers hybrid work, professional growth, actuarial exam support, medical aid, retirement fund, and generous leave.

Qualifications

• Bachelor's degree in Actuarial Science, Mathematics, Statistics, or related quantitative field.
• Progress towards actuarial qualifications (e.g., Actuarial Society of South Africa exams).
• Minimum of 3 years of experience in an actuarial role within the insurance industry.
• Proficiency in actuarial modeling software (Prophet, GGY AXIS) and programming languages (SQL, Python, R).
• Strong analytical, statistical, and problem-solving skills.
• Excellent communication and interpersonal skills, with the ability to explain technical concepts to non-technical audiences.
• Ability to work effectively both independently and as part of a team in a hybrid environment.
• Meticulous attention to detail and commitment to accuracy.

Responsibilities

• Develop and maintain pricing models for new and existing insurance products.
• Perform reserve calculations and analyses to ensure adequacy of financial provisions.
• Conduct financial projections and scenario testing for strategic planning and solvency assessment.
• Analyze insurance data to identify trends, assess risks, and inform business decisions.
• Collaborate with underwriting, claims, and finance departments to provide actuarial insights.
• Assist in the development and implementation of new actuarial methodologies and software.
• Prepare clear and concise reports and presentations for management and regulatory bodies.
• Contribute to the company's capital management and solvency initiatives.
• Stay current with actuarial standards of practice, regulations, and industry developments.

Skills

Analytical skills

Statistical methods

Communication skills

Teamwork

Attention to detail

Hybrid work adaptability

Education

Bachelor's degree in Actuarial Science/Math/Statistics

Actuarial exams in progress (SASA)

Tools

Prophet

GGY AXIS

SQL

Python

R

Job description

Placements24 is seeking an Actuarial Analyst for a hybrid role in Sandton to apply actuarial principles to pricing, reserving, financial modelling, and risk management.

The ideal candidate holds a BSc in Actuarial Science or related field, progresses actuarial exams, and has 3+ years in insurance actuarial work, with Prophet/AXIS and SQL/Python/R, plus strong analytics.

The position offers hybrid work, professional growth, actuarial exam support, medical aid, retirement fund, and generous leave.