Actuarial Analyst - Risk Management

Placements24; Mtubatuba Local Municipality; Hybrid; ZAR 600,000 - 1,000,000; Full time

Benefits offered by this job

Remote work

Professional development

Medical aid

Pension fund

Job summary

Placements24 in Richards Bay, KwaZulu-Natal, is seeking an Actuarial Analyst to develop and maintain risk and pricing models. The role focuses on data-driven insights to support underwriting, capital management, and regulatory reporting, with strong emphasis on quantitative analysis and stakeholder communication.

The ideal candidate is progressing through actuarial exams, has at least three years in actuarial work, and is proficient in Prophet, R, Python, and advanced Excel.

Qualifications

• Progress towards or completion of actuarial examinations.
• Minimum of 3 years of relevant actuarial experience.
• Strong proficiency in actuarial software and data analysis.
• Excellent analytical, statistical and modeling skills.

Responsibilities

• Develop, implement, and maintain actuarial models for risk assessment and capital management.
• Perform data analysis to identify trends, quantify risks, and inform business strategies.
• Conduct sensitivity testing and scenario analysis to understand risk factors.
• Prepare detailed reports and presentations for senior management and regulators.
• Collaborate with underwriting, finance and IT to integrate insights into processes.
• Help develop risk management frameworks and methodologies.
• Stay current with actuarial standards and regulatory requirements.
• Assist in validation and testing of new models and methodologies.
• Provide actuarial support for product development and pricing initiatives.
• Mentor junior analysts and support continuous learning.

Skills

Actuarial analysis

Data analysis

Statistical modeling

Communication

Education

Actuarial exams

Tools

Prophet

R

Python

Excel

Job description

About the Role Our client, a leading global insurer with a significant footprint in Richards Bay, KwaZulu-Natal, is seeking a highly analytical and motivated Actuarial Analyst to join their dedicated Risk Management division. This role is critical in developing and implementing sophisticated models to assess and manage various risks faced by the company, including underwriting, market, and operational risks. The successful candidate will be instrumental in providing quantitative insights that drive strategic decision-making and ensure the financial stability of the organization. We are looking for individuals with a strong foundation in actuarial science and a passion for quantitative analysis. This is an exceptional opportunity to contribute to a forward-thinking company and advance your actuarial career in Richards Bay.

Key Responsibilities

• Develop, implement, and maintain actuarial models for risk assessment and capital management.
• Perform data analysis to identify trends, quantify risks, and inform business strategies.
• Conduct sensitivity testing and scenario analysis to understand the impact of various risk factors.
• Prepare detailed reports and presentations on actuarial findings for senior management and regulatory bodies.
• Collaborate with underwriting, finance, and IT departments to integrate risk management insights into business processes.
• Contribute to the development and enhancement of risk management frameworks and methodologies.
• Stay current with actuarial standards, regulatory requirements, and industry best practices.
• Assist in the validation and testing of new models and methodologies.
• Provide actuarial support for product development and pricing initiatives.
• Mentor junior analysts and contribute to a culture of continuous learning within the team.

Requirements

• Progress towards or completion of actuarial examinations (e.g., Society of Actuaries, Institute of Actuaries).
• Minimum of 3 years of relevant experience in actuarial analysis, preferably within the insurance or financial services industry.
• Strong proficiency in actuarial software (e.g., Prophet, R, Python) and advanced Excel skills.
• Excellent analytical, statistical, and quantitative modeling skills.
• Proven ability to interpret complex data and communicate findings clearly to both technical and non-technical audiences.
• Experience with risk management principles and frameworks is highly desirable.
• Strong problem-solving abilities and a meticulous attention to detail.
• Ability to work independently and as part of a collaborative team.
• Excellent written and verbal communication skills.
• Familiarity with the KwaZulu-Natal business landscape is a plus.

Benefits

• Our client offers an attractive salary package, performance bonuses, and a comprehensive suite of benefits including excellent medical aid coverage and a generous pension fund.
• This remote position offers unparalleled flexibility, allowing you to work from anywhere while remaining a key part of our client's risk management success.
• We invest heavily in our employees' professional development, offering support for actuarial exams and continuous learning opportunities.
• Join a globally recognized company that values innovation, analytical rigor, and employee well-being.
• This is your chance to shape the future of risk management from Richards Bay, working with a team of highly skilled professionals.