Insurance Actuarial Analyst

Placements24; LegKraal Gate; Hybrid; ZAR 420,000 - 660,000; Full time

Benefits offered by this job

Health insurance

Retirement savings plan

Study support for actuarial exams

Hybrid work arrangement

Job summary

Placements24 in Mahikeng is seeking an Insurance Actuarial Analyst to join a growing team. You will apply quantitative analysis and statistical modeling to assess risk, contribute to pricing, reserving and financial forecasting, and support strategic profitability.

The ideal candidate has strong mathematical skills, an analytical mindset, and a path toward actuarial exams, supported by a collaborative, development-focused environment.

Qualifications

• Bachelor's degree in Actuarial Science, Mathematics, Statistics, or a related quantitative field.
• Progress towards actuarial examinations (e.g., SOA or CAS exams).
• Strong proficiency in mathematical modeling, statistical analysis, and programming (e.g., Python, R, SQL).
• Excellent analytical, problem-solving, and critical thinking abilities.
• Effective communication skills, with the ability to explain complex concepts clearly.

Responsibilities

• Perform complex actuarial calculations for pricing, reserving, and solvency.
• Develop and maintain statistical models to analyze insurance risks.
• Assist in the preparation of regulatory filings and financial reports.
• Analyze data to identify trends and provide recommendations for product development and strategy.
• Collaborate with underwriting, claims, and finance departments on actuarial matters.
• Stay current with actuarial standards of practice and industry developments.

Skills

Math Modeling

Statistical Analysis

Programming (Python/R/SQL)

Education

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

Tools

Python

R

SQL

Job description

About the Role

Our client is seeking a talented and motivated Insurance Actuarial Analyst to join their growing team in Mahikeng . This role involves using quantitative analysis and statistical modeling to assess risk and financial implications for insurance products. You will work on pricing, reserving, and financial forecasting, contributing vital insights to the company's strategic planning and profitability. The ideal candidate possesses strong mathematical skills, a keen analytical mind, and a desire to build a career in the actuarial field within the insurance sector, supported by a team committed to professional development.

Key Responsibilities

• Perform complex actuarial calculations for pricing, reserving, and solvency.
• Develop and maintain statistical models to analyze insurance risks.
• Assist in the preparation of regulatory filings and financial reports.
• Analyze data to identify trends and provide recommendations for product development and strategy.
• Collaborate with underwriting, claims, and finance departments on actuarial matters.
• Stay current with actuarial standards of practice and industry developments.

Requirements

• Bachelor's degree in Actuarial Science, Mathematics, Statistics, or a related quantitative field.
• Progress towards actuarial examinations (e.g., SOA or CAS exams).
• Strong proficiency in mathematical modeling, statistical analysis, and programming (e.g., Python, R, SQL).
• Excellent analytical, problem-solving, and critical thinking abilities.
• Effective communication skills, with the ability to explain complex concepts clearly.
• Previous internship or entry-level experience in an actuarial role is preferred.

Benefits

• Competitive salary with significant compensation increases upon passing actuarial exams.
• Hybrid work arrangement offering flexibility.
• Comprehensive health insurance and retirement savings plan.
• Company-sponsored study program and exam support.
• Opportunities for career advancement within the actuarial department.