Actuary

feeblo.; Johannesburg; On-site; ZAR 500 000 - 900 000; Full time

Job summary

An established industry player is seeking a skilled Actuary to leverage advanced statistical models and drive data-driven decision-making in the financial sector. This role involves assessing financial risks, designing insurance and pension products, and ensuring compliance with regulations. The successful candidate will utilize programming skills in R and Python, build stochastic models, and engage with various stakeholders to present findings. This position offers a unique opportunity to impact the financial landscape while working in a dynamic and collaborative environment.

Qualifications

• Bachelor's degree in Actuarial Science or related field required.
• Progress toward Fellowship with ASSA is mandatory.

Responsibilities

• Develop pricing models for insurance products and analyze trends.
• Prepare financial statements and ensure regulatory compliance.
• Design innovative insurance products and engage stakeholders.

Skills

Actuarial Modeling

Statistical Analysis

Programming (R, Python, SQL, VBA)

Regulatory Knowledge

Data Visualization

Analytical Rigor

Business Acumen

Communication

Problem-Solving

Education

Bachelor's degree in Actuarial Science, Mathematics, or Statistics

Progress toward Fellowship with ASSA

FASSA designation

CFA / FRM for investment-focused roles

Tools

@Risk

Prophet

R

Python

SQL

Power BI

Tableau

Job description

Job Purpose
The Actuary applies advanced statistical and mathematical models to assess financial risks, design insurance / pension products, and ensure regulatory compliance.

This role combines technical expertise with business acumen to drive data-driven decision-making in South Africa's complex financial landscape.

Key Responsibilities

1. Risk Assessment & Pricing
   Develop pricing models for insurance products (life, health, non-life).
   Calculate premium rates, reserves, and capital requirements (Solvency II principles).
   Analyze mortality / morbidity trends using demographic data.
2. Financial Reporting & Compliance
   Prepare IFRS 17 compliant financial statements for insurers.
   Ensure adherence to FSB (Financial Services Board) regulations.
   Conduct asset-liability management (ALM) for pension funds.
3. Product Development
   Design innovative insurance / pension products.
   Model retirement fund benefit structures.
   Assess sustainability of medical schemes.
4. Data Analytics & Modeling
   Build stochastic models using @Risk, Prophet, or R.
   Apply machine learning for claims forecasting.
   Automate reports using Python, SQL, and Power BI.
5. Stakeholder Engagement
   Present findings to boards, regulators, and clients.
   Advise investment committees on portfolio strategies.
   Train junior actuarial staff.

Required Skills & Competencies

Technical Skills:

• Actuarial Modeling (Life / General insurance, pensions)
• Statistical Analysis (Survival models, time series forecasting)
• Programming (R, Python, SQL, VBA)
• Regulatory Knowledge (FSB, SARB, IFRS 17)
• Data Visualization (Power BI, Tableau)

Soft Skills:

• Analytical Rigor – Interpreting complex datasets
• Business Acumen – Aligning models with commercial objectives
• Communication – Explaining technical concepts to non-specialists
• Problem-Solving – Developing innovative risk solutions

Qualifications & Certifications

Mandatory:

• Bachelor's degree in Actuarial Science, Mathematics, or Statistics
• Progress toward Fellowship with ASSA (Actuarial Society of South Africa)

Preferred:

• FASSA (Fellow of ASSA) designation
• Specialist track (Life, General, or Pensions)
• CFA / FRM for investment-focused roles