Actuarial Assistant

Placements24; Stellenbosch; Hybrid; ZAR 300,000 - 380,000; Full time

Benefits offered by this job

Study support

Hybrid work

Medical and retirement benefits

Job summary

Placements24 in Stellenbosch is seeking an Actuarial Assistant to support the actuarial team. The role involves data analysis, model development, and assisting with valuation processes within the insurance sector.

You will work closely with senior actuaries to gain experience in risk assessment and financial modeling, with a focus on learning and professional growth in a challenging environment. This entry-level position offers hybrid work flexibility, study support for actuarial exams, and

Qualifications

• Bachelor's degree in a quantitative field is required.
• Progress towards actuarial examinations is expected (SOA/IFOA).
• Strong analytical and quantitative skills with Excel proficiency.
• Familiarity with Python or R is a plus.

Responsibilities

• Assist in development and maintenance of actuarial models.
• Perform data analysis and prepare reports for actuarial reviews.
• Support calculation of reserves, premiums, and other metrics.
• Collaborate on pricing, solvency, and risk management projects.
• Ensure data integrity and accuracy in analytical tasks.

Skills

Analytical thinking

Quantitative skills

Excel proficiency

Python/R familiarity

Education

Bachelor's degree in Actuarial Science, Mathematics, Statistics, or related field

Tools

Python

R

Job description

About the Role

Our client is seeking a motivated Actuarial Assistant to support their actuarial team in Stellenbosch . This role provides an excellent entry point into the actuarial profession within the insurance sector , involving data analysis, model development, and supporting valuation processes. You will work closely with senior actuaries, gaining invaluable experience in risk assessment and financial modeling. The ideal candidate is analytical, numerically strong, and eager to learn and grow within a challenging and rewarding field.

Key Responsibilities

• Assist in the development and maintenance of actuarial models.
• Perform data analysis and prepare reports for actuarial reviews.
• Support the calculation of reserves, premiums, and other financial metrics.
• Collaborate with actuaries on pricing, solvency, and risk management projects.
• Ensure data integrity and accuracy in all analytical tasks.

Requirements

• Bachelor's degree in Actuarial Science, Mathematics, Statistics, or a related quantitative field.
• Demonstrated progress towards actuarial examinations (e.g., Society of Actuaries or Institute of Actuaries).
• Strong analytical and quantitative skills, with proficiency in Excel.
• Familiarity with programming languages like Python or R is a plus.
• Excellent problem-solving abilities and attention to detail.

Benefits

• Competitive annual salary with study benefits.
• Comprehensive medical and retirement benefits.
• Support for actuarial exam progression and professional development.
• Hybrid work arrangement offering flexibility.
• Exposure to diverse actuarial practices within the insurance industry .