Actuarial Assistant

Placements24; Paarl; Hybrid; ZAR 240,000 - 360,000; Full time

Benefits offered by this job

Study support for actuarial exams

Medical aid

Retirement benefits

Mentorship from experienced actuaries

Job summary

Placements24 is seeking an Actuarial Assistant in Paarl to support the actuarial team with data analysis, pricing, reserving, and financial modeling. The role provides a stepping stone toward full actuarial qualification under senior actuaries’ guidance.

You will handle data, calculations, and reporting while developing skills across pricing, reserving, and modeling in a supportive Cape Winelands environment. Company backing for actuarial exams is provided.

Qualifications

• Bachelor's degree in Actuarial Science, Mathematics, Statistics, or related field.
• Progress towards actuarial qualification (passed preliminary exams).
• Strong quantitative, analytical, and problem-solving skills.
• Excel and statistical software or programming experience (R, Python, SQL) advantageous.
• Excellent attention to detail and ability to work under pressure.
• Good written and verbal communication skills.

Responsibilities

• Assist senior actuaries with data collection, validation, and analysis.
• Perform pricing, reserving, and financial projection calculations.
• Develop and maintain spreadsheets/databases for actuarial modeling.
• Prepare regulatory filings and internal management reports.
• Contribute to development and testing of actuarial models.
• Pursue actuarial exams with company support.

Skills

Analytical ability

Attention to detail

Communication skills

Excel proficiency

Education

Bachelor's degree in Actuarial Science

Mathematics/Statistics degree

Tools

Excel

R/Python/SQL

Job description

About the Role

Our client is seeking a motivated and mathematically inclined Actuarial Assistant to support their actuarial team in Paarl . This role provides a crucial stepping stone for individuals aspiring to become fully qualified actuaries, offering exposure to a wide range of actuarial functions, including pricing, reserving, and financial modeling. You will work under the guidance of senior actuaries, assisting with data analysis, calculations, and the preparation of reports. This is an excellent opportunity to gain practical experience in a supportive environment within the beautiful Cape Winelands, contributing to the company's long-term financial strategy.

Key Responsibilities

• Assist senior actuaries in data collection, validation, and analysis for various actuarial projects.
• Perform calculations for pricing, reserving, and financial projections under actuarial guidance.
• Develop and maintain spreadsheets and databases for actuarial modeling and reporting.
• Support the preparation of regulatory filings and internal management reports.
• Contribute to the development and testing of new actuarial models and methodologies.
• Undertake actuarial examinations as part of the qualification process, with company support.

Requirements

• Bachelor's degree in Actuarial Science, Mathematics, Statistics, or a related field.
• Progress towards an actuarial qualification (e.g., passed preliminary actuarial exams).
• Strong quantitative, analytical, and problem-solving skills.
• Proficiency in Microsoft Excel and experience with statistical software or programming languages (e.g., R, Python, SQL) is advantageous.
• Excellent attention to detail and ability to work accurately under pressure.
• Good written and verbal communication skills.

Benefits

• Competitive starting salary and study support for actuarial exams.
• Comprehensive medical aid and retirement benefits.
• Exposure to diverse actuarial functions within the insurance sector.
• A pleasant working environment in Paarl , offering a high quality of life.
• Mentorship from experienced, qualified actuaries guiding your career development.