Insurance Actuarial Analyst

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

Benefits offered by this job

Hybrid work model

Exam support for actuarial exams

Health and retirement benefits

Job summary

Placements24 in Soweto invites applications for an Insurance Actuarial Analyst. You will build pricing models, evaluate reserves, and analyze profitability and solvency to guide strategic decisions.

You will contribute high-quality quantitative insights and financial projections to senior leadership, supporting risk management and product development. The role is hybrid, offers actuarial exam support, and development opportunities across pricing, reserving, and regulatory compliance, working

Qualifications

• Bachelor's degree in Actuarial Science, Mathematics, Statistics, or related field.
• Progress towards actuarial examinations (SOA/IFOA).
• Strong analytical, quantitative, and problem-solving abilities.
• Proficiency in Excel, VBA, SQL, and R.
• Excellent written and verbal communication skills.
• Ability to work independently and as part of a team.

Responsibilities

• Develop, maintain, and enhance pricing models for insurance products.
• Calculate and analyze insurance reserves to ensure solvency.
• Perform profitability analysis and contribute to strategic planning.
• Assist in development and testing of new insurance products.
• Analyze financial data and provide insights to support decisions.
• Stay updated on actuarial standards and regulatory requirements.

Skills

Analytical skills

Quantitative abilities

Problem-solving

Excel

VBA

SQL

R

Education

Bachelor's degree in Actuarial Science or related field

Tools

Excel

VBA

SQL

R

Job description

About the Role

Our client is seeking a motivated and mathematically inclined Insurance Actuarial Analyst to join their team in Soweto . You will play a crucial role in assessing and managing financial risks associated with insurance products. This involves developing pricing models, evaluating reserves, and analyzing the profitability and solvency of the company. You will contribute to critical business decisions by providing quantitative insights and financial projections. Working within a supportive environment and a hybrid model , you will have the opportunity to develop your actuarial career and make a tangible impact.

Key Responsibilities

• Develop, maintain, and enhance pricing models for various insurance products.
• Calculate and analyze insurance reserves to ensure financial solvency.
• Perform profitability analysis and contribute to strategic planning.
• Assist in the development and testing of new insurance products.
• Analyze financial data and provide insights to support business decisions.
• Stay updated on actuarial standards of practice and regulatory requirements.

Requirements

• Bachelor's degree in Actuarial Science, Mathematics, Statistics, or a related field.
• Progress towards actuarial examinations (e.g., Society of Actuaries or Institute of Actuaries).
• Strong analytical, quantitative, and problem-solving abilities.
• Proficiency in mathematical modeling software and programming languages (e.g., Excel, VBA, SQL, R).
• Excellent written and verbal communication skills.
• Ability to work effectively both independently and as part of a team.

Benefits

• Competitive annual salary and attractive benefits package.
• Hybrid work arrangement offering flexibility.
• Support for actuarial exams and continuing professional development.
• Comprehensive health and retirement benefits.
• A challenging and rewarding career path within the actuarial field.