Actuarial Analyst - Risk and Pricing

Placements24; Klerksdorp; Hybrid; ZAR 420,000 - 660,000; Full time

Benefits offered by this job

Competitive salary

Study assistance for actuarial exams

Medical aid

Retirement benefits

Career progression

Job summary

Placements24 seeks an analytical Actuarial Analyst to join our client in Klerksdorp, North West. You will contribute to pricing model development, risk assessment, and financial projections, collaborating with underwriting, product development, and finance teams.

The role emphasizes analytical rigour, data analysis, and ongoing actuarial qualification progress, with opportunities for professional growth in a supportive environment within the North West region.

Qualifications

• A degree in Actuarial Science, Mathematics, Statistics, or related quantitative field.
• Progress towards actuarial qualifications (e.g., via Actuarial Society of SA) is essential.
• Strong analytical and problem-solving abilities with attention to detail.
• Proficiency in R, Python, SQL, and actuarial software is advantageous.
• Excellent communication and ability to convey complex concepts clearly.

Responsibilities

• Assist in development, validation, and implementation of pricing models for insurance products.
• Conduct statistical analysis and data mining to identify trends and assess risk.
• Perform reserving calculations and financial projections to ensure solvency.
• Analyze profitability and performance of insurance portfolios.
• Prepare reports and presentations for management and other departments.
• Support new actuarial software implementation and methods.
• Stay updated on regulatory changes and actuarial best practices.
• Collaborate with underwriters and product managers on new product design.
• Assist in regulatory filings and solvency reporting.

Skills

Analytical thinking

Data analysis

Communication skills

Problem solving

Team collaboration

Education

Degree in Actuarial Science or related field

Tools

R

Python

SQL

Actuarial software

Job description

About the Role

Our client, a leading insurance company, is seeking a motivated and analytical Actuarial Analyst to join their team in Klerksdorp, North West. This role is crucial for developing and refining pricing models, assessing risk, and contributing to the financial stability of the company's insurance products. The successful candidate will work closely with underwriting, product development, and finance teams to provide actuarial insights that drive informed decision-making. This is an excellent opportunity for an aspiring actuary to gain comprehensive experience in a supportive environment in Klerksdorp, contributing to the North West region's strategic financial planning.

Key Responsibilities

• Assist in the development, validation, and implementation of pricing models for various insurance products.
• Conduct statistical analysis and data mining to identify trends, assess risk factors, and support pricing strategies.
• Perform reserving calculations and financial projections to ensure adequate capital and solvency.
• Contribute to the analysis of profitability and performance of insurance portfolios.
• Develop reports and presentations to communicate actuarial findings and recommendations to management and other departments.
• Support the implementation of new actuarial software and methodologies.
• Stay abreast of industry developments, regulatory changes, and actuarial best practices.
• Collaborate with underwriters and product managers to provide actuarial input on new product development and policy design.
• Assist in the preparation of regulatory filings and solvency reports.

Requirements

• A degree in Actuarial Science, Mathematics, Statistics, or a related quantitative field.
• Progress towards actuarial qualifications (e.g., via Actuarial Society of South Africa) is essential.
• Strong analytical, quantitative, and problem-solving skills.
• Proficiency in programming languages such as R, Python, or SQL, and experience with actuarial software are highly advantageous.
• Excellent communication skills, with the ability to explain complex technical concepts to non-technical audiences.
• Meticulous attention to detail and commitment to accuracy.
• Ability to work independently and collaboratively within a team environment in Klerksdorp.
• Prior internship or experience in an actuarial role within the insurance industry is a plus.

Benefits

• Competitive salary and study assistance for actuarial examinations.
• Comprehensive medical aid and retirement benefits.
• Opportunities for professional growth and career progression within the actuarial field.
• A stimulating work environment focused on technical excellence in Klerksdorp.
• Exposure to a wide range of actuarial functions.