Actuarial Bursaries 2026

Liberty Group Limited; Johannesburg; On-site; ZAR 300,000 - 500,000; Full time

Job summary

Liberty Group Limited offers Actuarial Science bursaries for full-time university students, ensuring employment post-studies. Students must maintain excellent academic performance and possess strong leadership qualities through extracurricular activities. This role focuses on applying actuarial support, advising using statistical tools, and aligning with the Employment Equity Act for a diverse workplace.

Benefits

Tuition Coverage

Accommodation Coverage

Travel Allowance

Support and Networking Opportunities

Guaranteed Employment

Qualifications

• Maintain academic performance above 60% overall, with 65% in math and actuarial modules.
• 0-1 year experience in a similar environment.
• South African citizenship required.

Responsibilities

• Provide specialist actuarial support and advice.
• Execute actuarial analyses and apply statistical tools.
• Stay updated with the latest tools and techniques.

Skills

Research

Quantitative Analysis

Statistical Analysis

Problem-Solving

Teamwork

Education

Bachelor’s Degree or Advanced Diploma in Mathematical Sciences

Job description

Liberty offers Actuarial Science bursaries to full-time students from their second year.

A Liberty bursary covers tuition, accommodation, meals, a travel allowance (where applicable), support, networking opportunities, and vacation work.

You will be guaranteed employment once you have completed your studies at university.

Requirements include maintaining continuous excellent academic performance in all modules during the first year, with an overall average above 60% and at least 65% in mathematical and actuarial modules. Good leadership qualities and participation in extramural activities such as sports, debating societies, chess clubs, and olympiads are advantageous. South African citizenship by birth or descent is also required.

The role involves providing specialist actuarial support to enable sound commercial advice through the application of probability, investment theory, and statistical tools, executing predefined objectives as per SOPs. Minimum experience required is 0-1 year in a similar environment. The minimum qualification is a Bachelor’s Degree or Advanced Diploma (NQF Level 07) in Mathematical Sciences, with additional qualifications in Actuarial Science being beneficial.

Responsibilities include applying research methodologies, providing specialist advice, performing actuarial analyses, staying updated with latest tools and techniques, executing work within defined routines, proactively solving problems, planning task execution, performing granular actuarial tasks, data checking, applying analytical tools, and building a foundational understanding of insurance and company-specific knowledge.

Customer service principles, adherence to policies, continuous learning, governance compliance, and contribution to team knowledge are also emphasized.

Key skills include research, quantitative analysis, statistical and mathematical analysis, organization, interpersonal effectiveness, problem-solving, teamwork, relationship management, customer orientation, and familiarity with Liberty’s values and policies.

Liberty is an equal opportunity employer, committed to diversity and compliance with the Employment Equity Act. Preference will be given to candidates from designated groups to promote demographic representation. We encourage applications from people with disabilities.