Actuary

Feeblo; Cape Town; On-site; ZAR 600 000 - 900 000; Full time

Job summary

A leading company in Cape Town is seeking an Actuary to apply advanced statistical models to assess financial risks and design insurance products. The role requires a blend of technical expertise and business acumen to drive data-driven decisions in the financial landscape. Key responsibilities include developing pricing models, ensuring regulatory compliance, and engaging with stakeholders. Ideal candidates will hold a Bachelor's degree in Actuarial Science, Mathematics, or Statistics and be progressing toward Fellowship with ASSA.

Qualifications

• Progress toward Fellowship with ASSA (Actuarial Society of South Africa).
• FASSA designation preferred.

Responsibilities

• Develop pricing models for insurance products.
• Analyze mortality/morbidity trends using demographic data.
• Prepare IFRS 17 compliant financial statements.

Skills

Analytical Rigor

Business Acumen

Communication

Problem-Solving

Education

Bachelor's degree in Actuarial Science

Bachelor's degree in Mathematics

Bachelor's degree in Statistics

Tools

R

Python

SQL

VBA

@Risk

Prophet

Power BI

Job description

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

• 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
• 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
• 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

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)

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

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Actuary • Cape Town, Western Cape, South Africa