Actuarial Specialist – Profitability & Forecasting

Old Mutual; Johannesburg; On-site; ZAR 40 000 - 60 000; Full time

Job summary

A leading insurance company in South Africa is seeking an experienced Actuarial Specialist to design actuarial models that support profitability analysis, budgeting, and forecasting. This role requires strong analytical skills and 3+ years in actuarial or financial analysis within the insurance sector. Responsibilities include conducting profitability assessments, collaborating with cross-functional teams, and providing insights to optimize business performance. The ideal candidate will hold a bachelor's degree in actuarial science and actively pursue actuarial qualifications. The role offers an opportunity to significantly impact the insurance portfolio's profitability.

Qualifications

• Minimum 3 years of relevant experience in actuarial or financial analysis role within the insurance industry.
• Strong analytical and financial modeling skills, particularly advanced Excel proficiency.

Responsibilities

• Design and build actuarial models for profitability analysis.
• Monitor actual results versus budget and profit targets.
• Conduct scenario testing to evaluate profitability impacts.

Skills

Analytical Support

Financial Analysis

Risk Management

Data-Driven Decision Making

Education

Bachelor’s degree in actuarial science

Tools

SQL

R/Python

Power BI

Job description

A leading insurance company in South Africa is seeking an experienced Actuarial Specialist to design actuarial models that support profitability analysis, budgeting, and forecasting. This role requires strong analytical skills and 3+ years in actuarial or financial analysis within the insurance sector. Responsibilities include conducting profitability assessments, collaborating with cross-functional teams, and providing insights to optimize business performance. The ideal candidate will hold a bachelor's degree in actuarial science and actively pursue actuarial qualifications. The role offers an opportunity to significantly impact the insurance portfolio's profitability.