Hybrid Insurance Actuarial Analyst: Pricing & Modeling

Placements24; Upington; Hybrid; ZAR 420,000 - 640,000; Full time

Benefits offered by this job

Competitive salary

Study assistance for actuarial exams

Comprehensive medical aid

Retirement benefits

Career advancement

Hybrid work arrangement

Job summary

Placements24 in Upington, Northern Cape, ZA is seeking an Insurance Actuarial Analyst to join our team in a hybrid work environment. You will apply quantitative methods to pricing insurance products, calculate reserves, and develop financial models.

The role requires a quantitative degree, progress toward actuarial exams, and 1–3 years’ actuarial experience in insurance. You will collaborate with underwriting, finance, and risk teams to support strategic decisions.

Qualifications

• Bachelor's degree in Actuarial Science, Mathematics, Statistics, or related field.
• Progress towards actuarial examinations (ASAs, FSAs, or equivalent).
• 1–3 years of actuarial experience in the insurance industry.
• Strong analytical, problem-solving, and quantitative skills.
• Proficiency in statistical software (R, Python, SAS) and Excel.
• Excellent communication and interpersonal skills.
• Ability to work independently and collaboratively in a hybrid environment.
• Detail-oriented and committed to high-quality work.

Responsibilities

• Perform actuarial calculations for pricing, reserving, and forecasting.
• Develop, test, and maintain financial models for insurance products.
• Analyze claims data and policy information to identify trends and risks.
• Assist in the valuation of liabilities and the assessment of solvency.
• Prepare reports and presentations on actuarial findings for management.
• Collaborate with underwriting and product development teams on new product initiatives.
• Ensure compliance with relevant actuarial standards and regulations.
• Stay current with advancements in actuarial science and technology.
• Support risk management activities and capital allocation strategies.

Skills

Actuarial experience

Analytical skills

Communication

Education

Bachelor's degree in Actuarial Science, Mathematics, Statistics

Tools

R

Python

SAS

Excel

Job description

Placements24 in Upington, Northern Cape, ZA is seeking an Insurance Actuarial Analyst to join our team in a hybrid work environment. You will apply quantitative methods to pricing insurance products, calculate reserves, and develop financial models.

The role requires a quantitative degree, progress toward actuarial exams, and 1–3 years’ actuarial experience in insurance. You will collaborate with underwriting, finance, and risk teams to support strategic decisions.