Actuarial Business System Anal

Momentum Life; Gauteng; On-site; ZAR 600 000 - 750 000; Full time

Job summary

A South African insurance company is seeking a Business Analyst for their Myriad IT Risk Implementation team. The role involves translating business needs, applying statistical methods, and developing data-driven solutions. Candidates should have a degree in Mathematics or Statistics and at least 4-5 years of analysis experience. Proficiency in statistical software such as SQL, R, or Python is essential. Join a dynamic team dedicated to innovative insurance solutions.

Qualifications

• Minimum of 4-5 years' Business or Data Analysis experience.
• Ability to collect, analyze, and interpret data.
• Familiarity with developing mathematical or statistical models.

Responsibilities

• Collect, analyze, and interpret data to solve problems.
• Develop mathematical or statistical models and communicate findings.
• Write functional specifications on product processes.

Skills

Strong analytical and mathematical skills

Attention to detail

Effective written and verbal communication

Collaboration and relationship building

Customer service oriented

Education

Degree in Mathematics, Statistics or related

Tools

SQL

R

Python

Excel

VB

Job description

Introduction

We are looking for a Business Analyst in the Myriad IT Risk Implementation team within our Life Insurance Centre of Excellence Group IT.

You will have the opportunity to engage with and translate business needs with our product owners into detailed business requirements.

You will apply statistical or mathematical methods and models to specific problems to develop informed solutions.

You will be required to assist with functional and process specifications to manage product applications and to streamline business processes.

You will play an important role to gain business knowledge and technical understanding and interpretation of the insurance products and data.

You will form part of development, integration, testing and build-out of new innovative product solutions capabilities.

Disclaimer

As an applicant, please verify the legitimacy of this job advert on our company career page.

Requirements

Degree in Mathematics or Statistics or other related degree.

Minimum of 4‑5 years' Business or Data Analysis experience.

Proficiency in statistical software (SQL, R or Python).

Duties & Responsibilities

• Collect, analyse, and interpret data to solve problems.
• Identify trends and inform decision‑making.
• Develop mathematical or statistical models and communicate findings.
• Liaise with the Product Development team to understand products and calculations.
• Write functional specifications on product processes.
• Develop testing tools in Excel, VB or other.
• Liaise with developers to resolve system issues.
• Investigate data reports to identify potential data and system errors.
• Manage own performance and development within the team.
• Provide assistance to the Operational Support area.
• Analyze system functionality to support business requirements (new / existing).

Competencies

• Strong analytical and mathematical skills
• Attention to detail
• Sense of urgency and target‑driven
• Taking accountability
• Working under pressure
• Effective written and verbal communication
• Collaboration and relationship building
• Teamwork
• Take initiative and be pro‑active
• Confident, professional, and quick learner
• Customer service oriented
• Excellent communication abilities