Actuarial Technician - Life Insurance

Placements24; Bloemfontein; Hybrid; ZAR 300,000 - 460,000; Full time

Benefits offered by this job

Medical aid

Provident fund

Annual leave

Study assistance

Hybrid work

Job summary

Placements24 in Bloemfontein is seeking an Actuarial Technician to support data collection, validation, and reporting for actuarial calculations. This entry-to-mid level role offers exposure to reserves, premiums, and model validation in a life insurance setting.

You will work under supervision, maintain data integrity, and help prepare regulatory submissions while developing your actuarial knowledge and technical skills in Excel, SQL, Python and actuarial software. Hybrid option available.

Qualifications

• A Bachelor's degree in Actuarial Science, Mathematics, Statistics, or a related quantitative discipline.
• Progress towards actuarial examinations (e.g., ASA, FAIS) is highly advantageous.
• Strong analytical skills and meticulous attention to detail.
• Proficiency in Microsoft Excel is essential; experience with SQL, Python, or R is a significant plus.

Responsibilities

• Assist in the collection, validation, and management of data for actuarial calculations and reporting.
• Perform calculations for reserves, premiums, and policy valuations under supervision.
• Support the actuarial team in the development, testing, and implementation of actuarial models.
• Prepare regular and ad-hoc reports for internal stakeholders and regulatory submissions.
• Assist in the analysis of financial results and variances.
• Maintain documentation of actuarial processes and methodologies.
• Identify and resolve data discrepancies and quality issues.
• Contribute to projects aimed at improving actuarial processes and systems.
• Stay updated on industry standards and best practices for actuarial functions.

Skills

Data analysis

Excel proficiency

Analytical skills

Communication skills

Team collaboration

Education

Bachelor's degree in Actuarial Science/Math/Stats

Progress towards actuarial exams (ASA/FAIS)

Tools

SQL

Python

R

Actuarial software

Job description

About the Role

Our client, a respected player in the life insurance sector, is seeking a motivated and detail-oriented Actuarial Technician to join their team in Bloemfontein . This role provides essential support to the actuarial department in data gathering, analysis, and the preparation of reports for financial and regulatory purposes. You will be instrumental in maintaining the integrity and accuracy of actuarial data and assisting in the development and validation of actuarial models. This is an excellent entry-level to mid-level opportunity for individuals aspiring to build a career in actuarial science within the heart of the Free State province, Bloemfontein, Free State .

Key Responsibilities

• Assist in the collection, validation, and management of data for actuarial calculations and reporting.
• Perform calculations for reserves, premiums, and policy valuations under supervision.
• Support the actuarial team in the development, testing, and implementation of actuarial models.
• Prepare regular and ad-hoc reports for internal stakeholders and regulatory submissions.
• Assist in the analysis of financial results and variances.
• Maintain documentation of actuarial processes and methodologies.
• Identify and resolve data discrepancies and quality issues.
• Contribute to projects aimed at improving actuarial processes and systems.
• Stay updated on industry standards and best practices for actuarial functions.

Requirements

• A Bachelor's degree in Actuarial Science, Mathematics, Statistics, or a related quantitative discipline.
• Progress towards actuarial examinations (e.g., ASA, FAIS) is highly advantageous.
• A minimum of 2 years of experience in an actuarial support or data analysis role within the life insurance industry.
• Proficiency in Microsoft Excel is essential; experience with SQL, Python, or R is a significant plus.
• Strong analytical skills and a meticulous attention to detail.
• Good understanding of life insurance products and concepts.
• Effective communication skills, both written and verbal.
• Ability to work collaboratively within a team and manage multiple tasks.
• Familiarity with actuarial software is beneficial.
• Based in or willing to relocate to Bloemfontein .

Benefits

• Competitive salary package commensurate with your qualifications and experience.
• Company-sponsored study assistance for actuarial exams.
• Comprehensive medical aid and provident fund.
• Generous annual leave and company holidays.
• Opportunities for professional growth and development within the actuarial field.
• A supportive and team-oriented work environment in Bloemfontein .
• Potential for hybrid work arrangements.