Actuarial Assistant

Placements24; Pretoria; Hybrid; ZAR 300,000 - 540,000; Full time

Benefits offered by this job

Fully remote work

Health, dental, vision insurance

Study assistance for actuarial exams

Paid time off

Retirement savings plan

Professional development

Job summary

Placements24 is seeking an ambitious Actuarial Assistant for a fully remote role in Pretoria. You will support pricing, reserving and forecasting using actuarial models, collaborating with senior actuaries and contributing to regulatory filings and reports.

The ideal candidate has a strong math background, passes actuarial exams, and is eager to pursue professional qualifications. Excel skills and basic programming knowledge will be advantageous in a remote team environment.

Qualifications

• Bachelor's degree in Actuarial Science or related quantitative field.
• Strong grasp of probability, statistics and calculus.
• Passed at least one actuarial exam preferred (SOA/CAS).
• Excel proficiency and basic programming knowledge (R/Python/SQL) advantageous.

Responsibilities

• Assist senior actuaries in developing, validating and implementing actuarial models for pricing, reserving and projections.
• Perform data extraction, manipulation and analysis to support actuarial studies and reports.
• Calculate premiums, reserves and other actuarial values per established methodologies.
• Contribute to regulatory filings and internal reports.
• Support experience studies and loss trend analyses.
• Maintain actuarial databases and documentation.
• Participate in training and attempt actuarial exams.

Skills

Mathematics

Statistics

Excel

Programming basics

Education

Bachelor's degree in Actuarial Science

Tools

R

Python

SQL

Job description

About the Role

Our client, a renowned insurance institution, is actively searching for an ambitious and mathematically inclined Actuarial Assistant to join their fully remote team. This role is crucial for supporting the actuarial department in developing and maintaining complex models used for pricing, reserving, and financial forecasting across various insurance lines. As an Actuarial Assistant, you will work closely with senior actuaries, contributing to critical analyses that drive business strategy and ensure financial solvency. This position offers an exceptional opportunity for professional growth within the actuarial field, with a strong emphasis on mentorship and passing actuarial exams. The role is designed to be remote-first, allowing you to collaborate effectively with colleagues from anywhere, leveraging advanced communication tools and platforms. We are seeking individuals with a strong foundation in mathematics and statistics, a keen analytical mind, and a drive to pursue actuarial qualifications. The ideal candidate is self-disciplined, detail-oriented, and capable of managing multiple tasks in a virtual environment. Our client is committed to fostering a supportive and collaborative remote work culture, providing the necessary resources and guidance for your success. This is more than just a job; it's a career-building opportunity within a respected organization that values its employees' development and contributions. By joining our remote team, you will be part of an innovative approach to insurance, contributing to sound financial practices and the company's sustained growth and stability. We believe in empowering our talent, and this remote role provides the flexibility and professional challenge needed to excel in the actuarial profession. Embrace this chance to advance your career in **Pretoria**, while enjoying the flexibility of a remote position, making significant contributions to our client's financial health and strategic objectives.

Key Responsibilities

• Assist senior actuaries in the development, validation, and implementation of actuarial models for pricing, reserving, and financial projections.
• Perform data extraction, manipulation, and analysis to support actuarial studies and reports.
• Calculate premiums, reserves, and other actuarial values according to established methodologies.
• Contribute to the preparation of regulatory filings and internal reports.
• Support the actuarial team in conducting experience studies and analyzing loss trends.
• Help maintain and update actuarial databases and documentation.
• Participate in training sessions and work towards passing actuarial examinations.
• Collaborate with other departments to gather necessary data and provide actuarial insights.
• Assist in the design and testing of new insurance products from an actuarial perspective.
• Maintain a strong understanding of actuarial principles, standards, and relevant software.

Requirements

• Bachelor's degree in Actuarial Science, Mathematics, Statistics, or a related quantitative field.
• Strong academic record with a solid understanding of probability, statistics, and calculus.
• Passed at least one actuarial exam (e.g., SOA/CAS preliminary exams) is highly preferred.
• Proficiency in Microsoft Excel and basic knowledge of a programming language (e.g., R, Python, SQL) is advantageous.
• Excellent analytical, problem‑solving, and quantitative skills.
• Strong attention to detail and accuracy in data handling.
• Effective written and verbal communication skills suitable for remote collaboration.
• Ability to work independently, manage time effectively, and meet deadlines in a remote setting.
• Enthusiasm for pursuing a career in actuarial science and obtaining professional designations.
• Proactive attitude and a willingness to learn and take on new challenges.

Benefits

• Competitive salary package.
• Fully remote work arrangement enabling excellent work‑life balance.
• Comprehensive health, dental, and vision insurance.
• Study assistance and financial support for actuarial exams.
• Paid time off and holiday benefits.
• Retirement savings plan with company matching.
• Professional development opportunities and access to online learning platforms.
• Virtual team collaboration tools and support.
• A culture that encourages career progression and actuarial designation attainment.
• Opportunity to contribute to impactful financial strategies in the insurance industry.