Insurance Actuarial Analyst

Placements24; East London; Hybrid; ZAR 600,000 - 900,000; Full time

Benefits offered by this job

Hybrid work model

Medical aid

Retirement fund

Support for actuarial exams

Job summary

Placements24 is seeking an actuarial analyst in East London to join the company's actuarial department. The role focuses on building models for pricing, reserving, and product development, using statistical methods to assess financial risks in insurance offerings.

The ideal candidate is mathematically inclined, detail-oriented, with strong analytical and communication skills, pursuing actuarial qualifications and contributing to financial health and regulatory reporting.

Qualifications

• Bachelor's degree in Actuarial Science, Mathematics, Statistics, or related quantitative field.
• Actuarial exam progression toward professional designation (FSA/ACAS or local equivalent) is preferred.
• Minimum of 2 years of actuarial experience in the insurance industry.
• Proficiency in actuarial software and modeling tools (Prophet, R, Python, SQL).
• Strong analytical, problem-solving, and mathematical skills.
• Excellent communication and presentation skills.

Responsibilities

• Develop and maintain actuarial models for pricing, reserving, and financial forecasting.
• Analyze historical data to identify trends and assess risk exposure.
• Assist in development of new insurance products and policy features.
• Prepare reports and presentations for management and regulators.
• Collaborate with underwriting, finance, and product teams for insights.
• Stay current with actuarial methodologies and industry regulations.

Skills

Actuarial software

Quantitative analysis

Python

R

Prophet

SQL

Analytical thinking

Communication

Education

Bachelor's degree in Actuarial Science or quantitative field

Actuarial exam progression toward FSA/ACAS

Tools

Prophet

R

Python

SQL

Job description

About the Role

Our client is looking for a mathematically inclined and analytical Insurance Actuarial Analyst to join their actuarial department in East London . This role involves using statistical and mathematical methods to assess financial risks associated with insurance policies. You will contribute to pricing, reserving, and product development by analyzing complex data sets and building sophisticated models. The ideal candidate is detail-oriented, possesses strong quantitative skills, and is pursuing actuarial qualifications, playing a vital role in ensuring the financial health and sustainability of the company's insurance offerings.

Key Responsibilities

• Develop and maintain actuarial models for pricing, reserving, and financial forecasting.
• Analyze historical data to identify trends, predict future outcomes, and assess risk exposure.
• Assist in the development and refinement of new insurance products and policy features.
• Prepare reports and presentations on actuarial findings for management and regulatory bodies.
• Collaborate with underwriting, finance, and product development teams to provide actuarial insights.
• Stay current with actuarial methodologies, software, and industry regulations.

Requirements

• Bachelor's degree in Actuarial Science, Mathematics, Statistics, or a related quantitative field.
• Actuarial exam progression towards professional designation (e.g., FSA, ACAS, or local equivalent) is strongly preferred.
• Minimum of 2 years of experience in an actuarial role within the insurance industry .
• Proficiency in actuarial software and modeling tools (e.g., Prophet, R, Python, SQL).
• Strong analytical, problem-solving, and mathematical skills.
• Excellent communication and presentation skills, with the ability to explain complex concepts clearly.

Benefits

• Competitive annual salary, commensurate with experience and actuarial exam progress.
• Hybrid work model offering flexibility for work-life balance.
• Comprehensive medical aid and retirement fund benefits.
• Support for ongoing actuarial exam studies and professional development.
• An intellectually stimulating role contributing to key financial decisions in East London .