Actuarial Assistant - Mossel Bay

Placements24; Mossel Bay; Hybrid; ZAR 67,000 - 112,000; Part time

Benefits offered by this job

Stipend during internship

Mentorship from actuaries

Remote-friendly work environment

Future opportunities based on merit

Job summary

Placements24 is seeking an Actuarial Assistant for a remote internship based in South Africa’s Western Cape region, ideally near Mossel Bay. You will support senior actuaries with data analysis, model development, and reports related to pricing, reserving, and financial modeling.

The role emphasises learning, independent work in a remote setting, and collaboration with a dedicated team to deliver meaningful actuarial insights while developing practical industry experience for aspiring actuaries.

Qualifications

• Currently pursuing or recently completed a Bachelor's degree in Actuarial Science, Statistics, Mathematics, Economics, or a related quantitative field.
• Strong academic record with excellent grades in quantitative subjects.
• Basic understanding of probability, statistics and financial mathematics.
• Proficiency in Microsoft Excel; experience with SQL, Python, or R is a significant advantage.

Responsibilities

• Assist senior actuaries in collecting, cleaning, and analyzing large datasets for actuarial projects.
• Support the development and maintenance of actuarial models used for pricing, reserving, and forecasting.
• Help prepare clear and concise reports, presentations, and documentation for actuarial findings.
• Participate in data validation and quality assurance checks for actuarial models and inputs.
• Conduct research on industry trends, regulatory changes, and new actuarial techniques.
• Collaborate with team members using virtual communication tools to ensure project alignment.
• Learn and apply actuarial software and programming languages (e.g., Excel, SQL, Python, R) under guidance.
• Support the actuarial team in ad-hoc projects and analytical tasks as required.
• Attend team meetings and contribute actively to discussions.

Skills

Quantitative analysis

Analytical skills

Education

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

Tools

Excel

SQL

Python

R

Job description

About the Role

Our client, a progressive insurance firm, is offering an exciting opportunity for an Actuarial Assistant to join their dedicated team. This is a fully remote position, allowing you to contribute to critical actuarial functions from the comfort of your home, ideally based near **Mossel Bay, Western Cape**, or willing to work remotely within the region. This internship is designed for aspiring actuaries eager to gain practical experience in a supportive and challenging environment. You will assist senior actuaries with data analysis, model development, and the preparation of reports related to pricing, reserving, and financial modeling. This role provides invaluable exposure to the insurance industry and the day-to-day work of an actuarial department. We are seeking enthusiastic individuals with a strong quantitative aptitude, a keen interest in the insurance sector, and a desire to learn and grow professionally. The remote-first nature of this role necessitates strong self-discipline, excellent communication skills, and the ability to collaborate effectively in a virtual setting. This is an excellent stepping stone for individuals looking to build a successful career in actuarial science.

Key Responsibilities

• Assist senior actuaries in collecting, cleaning, and analyzing large datasets for actuarial projects.
• Support the development and maintenance of actuarial models used for pricing, reserving, and forecasting.
• Help prepare clear and concise reports, presentations, and documentation for actuarial findings.
• Participate in data validation and quality assurance checks for actuarial models and inputs.
• Conduct research on industry trends, regulatory changes, and new actuarial techniques.
• Collaborate with team members using virtual communication tools to ensure project alignment.
• Learn and apply actuarial software and programming languages (e.g., Excel, SQL, Python, R) under guidance.
• Support the actuarial team in ad-hoc projects and analytical tasks as required.
• Attend team meetings and contribute actively to discussions.

Requirements

• Currently pursuing or recently completed a Bachelor's degree in Actuarial Science, Statistics, Mathematics, Economics, or a related quantitative field.
• Strong academic record with excellent grades in quantitative subjects.
• Basic understanding of probability, statistics, and financial mathematics.
• Proficiency in Microsoft Excel; experience with SQL, Python, or R is a significant advantage.
• Excellent analytical and problem-solving skills.
• Strong attention to detail and commitment to accuracy.
• Effective written and verbal communication skills.
• Ability to work independently and manage time efficiently in a remote environment.
• Eagerness to learn and adapt to new challenges within the insurance sector.

Benefits

• Stipend/salary commensurate with an internship role.
• Hands-on experience and mentorship from experienced actuaries.
• Exposure to various aspects of actuarial work in the insurance industry.
• Opportunity to contribute to meaningful projects.
• Flexible remote working arrangement.
• Potential for future full-time employment based on performance.
• Professional development resources and learning opportunities.
• Networking opportunities within the company.