Actuarial Assistant

Placements24; Klerksdorp; On-site; ZAR 89,000 - 123,000; Part time

Benefits offered by this job

Competitive stipend

Mentorship from actuaries

Hands-on actuarial experience

Potential for full-time employment

Job summary

Placements24 is seeking an ambitious Actuarial Assistant internship in Klerksdorp, offering hands-on exposure to data analysis and pricing within an insurance setting.

You will aid senior actuaries in model development, calculations, and financial projections while gaining exposure to risk assessment and product development in the North West region.

Qualifications

• Pursuing or recently completed degree in Actuarial Science, Mathematics or Statistics.
• Strong quantitative and analytical abilities with attention to detail.
• Proficiency in Excel and foundational knowledge of statistical software.

Responsibilities

• Assist in data collection, manipulation, and analysis for actuarial projects.
• Support development and testing of pricing and reserving models.
• Perform policy valuation, premium setting and forecasting calculations.
• Prepare reports and presentations of actuarial findings for management.
• Collaborate with team members and other departments as needed.
• Learn and apply actuarial software and methodologies under guidance.

Skills

Excel proficiency

Analytical skills

Communication skills

Actuarial interest

Education

Actuarial Science / Mathematics degree

Statistics background

Tools

Statistical software basics

Job description

About the Role

Our client, a progressive insurance firm, is seeking an ambitious Actuarial Assistant to support their actuarial team in Klerksdorp . This internship provides an invaluable opportunity for a motivated individual to gain hands‑on experience in actuarial science, working with data to analyze insurance risks and pricing. You will assist senior actuaries in developing models, performing calculations, and contributing to critical financial projections. This role is ideal for someone eager to launch their career in actuarial science within a supportive environment in the North West province, gaining exposure to the core functions of risk assessment and product development.

Key Responsibilities

• Assist in data collection, manipulation, and analysis for actuarial projects.
• Support the development and testing of pricing and reserving models.
• Perform calculations related to policy valuation, premium setting, and financial forecasting.
• Help prepare reports and presentations on actuarial findings for management review.
• Collaborate with actuarial team members and other departments as needed.
• Learn and apply actuarial software and methodologies under senior guidance.

Requirements

• Currently pursuing or recently completed a degree in Actuarial Science, Mathematics, Statistics, or a related field.
• Strong academic record with excellent quantitative and analytical skills.
• Proficiency in Microsoft Excel and a foundational understanding of statistical software.
• Excellent attention to detail and commitment to accuracy.
• Strong written and verbal communication skills.
• Eagerness to learn and pursue actuarial designations.

Benefits

• Competitive stipend during the internship period.
• Hands‑on experience in actuarial science and insurance modeling .
• Mentorship from experienced actuaries.
• Potential for full‑time employment upon successful completion of the internship.
• Exposure to the operations of a leading insurance company in Klerksdorp .