Actuarial Analyst - Risk Modeling

Placements24; Centurion; Hybrid; ZAR 500,000 - 800,000; Full time

Benefits offered by this job

Competitive salary package with study支

Professional development opportunities

Hybrid working arrangement

Centurion office facilities

Job summary

Placements24 is seeking an Actuarial Analyst to join our risk modeling team based in Centurion, Gauteng. You will develop and implement stochastic models, price products, and support capital management and reserving activities.

The role requires progress towards actuarial qualification, a quantitative degree, and at least 3 years of actuarial experience in insurance. You will work with Prophet, R, Python, SQL and Excel to translate data into business insights.

Qualifications

• Actuarial qualification in progress (SOA/IFoA)
• Bachelor's degree in a quantitative field (Actuarial Science/Math/Stats)
• Minimum 3 years actuarial experience in insurance
• Proficiency in actuarial software and data tools (Prophet, R, Python, SQL, Excel)

Responsibilities

• Develop, test, and maintain actuarial models for pricing, reserving, and capital management.
• Perform data analysis to identify trends, patterns, and potential risks.
• Assist in the preparation of regulatory and financial reports.
• Collaborate with underwriting and product teams to provide actuarial input.
• Stay abreast of industry best practices and modeling techniques.
• Support valuation of insurance liabilities and capital requirements.
• Develop stochastic models for risk assessment and decision support.
• Communicate findings clearly to management and stakeholders.

Skills

Prophet

R

Python

SQL

Excel

Education

Bachelors in Actuarial/Math/Stats

Job description

About the Role

Our client, a leading player in the Insurance sector, is seeking a talented and motivated Actuarial Analyst to join their innovative risk modeling team based in Centurion, Gauteng . This role is critical for developing and implementing sophisticated actuarial models to assess financial risks, price products, and ensure the solvency of the company. The successful candidate will work with complex datasets, utilize advanced analytical techniques, and contribute to strategic decision-making. This is an exceptional opportunity for an actuarial professional looking to grow their career in a supportive and intellectually stimulating environment located in the heart of Centurion . You will collaborate with cross-functional teams to translate complex data into actionable insights for the business.

Key Responsibilities

• Develop, test, and maintain actuarial models for pricing, reserving, and capital management.
• Perform data analysis to identify trends, patterns, and potential risks.
• Assist in the preparation of regulatory and financial reports.
• Collaborate with the underwriting and product development teams to provide actuarial input.
• Stay abreast of industry best practices, regulatory changes, and new modeling techniques.
• Support the valuation of insurance liabilities.
• Develop and implement stochastic models for risk assessment.
• Communicate findings and recommendations clearly to management and other stakeholders.
• Ensure compliance with actuarial standards of practice and company policies.

Requirements

• Progress towards an actuarial qualification (e.g., Society of Actuaries, Institute of Actuaries) is essential.
• A Bachelor's degree in Actuarial Science, Mathematics, Statistics, or a related quantitative field.
• Minimum of 3 years of experience in an actuarial role within the Insurance industry.
• Strong proficiency in actuarial software (e.g., Prophet, R, Python, SQL) and MS Excel.
• Excellent analytical, problem-solving, and quantitative skills.
• Good understanding of statistical modeling and risk management principles.
• Effective written and verbal communication skills.
• Ability to work independently and collaboratively in a team setting.
• Attention to detail and a commitment to accuracy.

Benefits

• Competitive salary and benefits package, including study support for actuarial exams.
• Opportunity to work on challenging and impactful projects.
• Professional development and career advancement opportunities.
• A dynamic and forward-thinking work culture.
• Access to modern office facilities in Centurion, Gauteng .
• Flexible hybrid working arrangement.