Insurance Actuarial Assistant

Placements24; Stellenbosch; Hybrid; ZAR 240,000 - 360,000; Full time

Benefits offered by this job

Hybrid work model

Medical aid

Life insurance

Retirement benefits

Study benefits

Job summary

Placements24 in Stellenbosch seeks an Insurance Actuarial Assistant to support the actuarial team. You will engage in data analysis, pricing, reserving, and financial modeling to support solvency and long-term health of the insurer.

Ideal candidate is mathematically inclined with a degree in actuarial science or quantitative field, pursuing actuarial exams, and comfortable with R/Python/SQL/Excel. This hybrid role offers strong learning opportunities and career progression.

Qualifications

• Bachelor's degree in Actuarial Science, Mathematics, Statistics, or a related field.
• Progress toward actuarial examinations (SOA, IFoA) is highly desirable.
• Strong analytical and quantitative skills, with a solid foundation in probability and statistics.
• Proficiency in programming languages or statistical software such as R, Python, SQL, or Excel.

Responsibilities

• Assist senior actuaries in performing complex calculations for pricing, reserving, and forecasting.
• Develop, test, and maintain actuarial models using specialized software.
• Analyze insurance data to identify trends, assess risks, and support strategic decision-making.
• Prepare reports and presentations summarizing actuarial findings for various stakeholders.
• Ensure adherence to actuarial standards of practice and regulatory requirements.

Skills

Analytical thinking

Quantitative skills

Statistical knowledge

Attention to detail

Education

Bachelor's degree in Actuarial Science, Mathematics, Statistics

Tools

R

Python

SQL

Excel

Job description

About the Role

Our client is looking for a motivated and mathematically inclined Insurance Actuarial Assistant to support their actuarial team in Stellenbosch . This role is ideal for an individual passionate about data analysis, financial modeling, and risk assessment within the insurance domain. You will assist in calculating reserves, pricing products, and analyzing financial data to ensure the company's long-term financial health and solvency. The position offers significant opportunities for learning and professional growth for aspiring actuaries.

Key Responsibilities

• Assist senior actuaries in performing complex calculations for pricing, reserving, and forecasting.
• Develop, test, and maintain actuarial models using specialized software.
• Analyze insurance data to identify trends, assess risks, and support strategic decision-making.
• Prepare reports and presentations summarizing actuarial findings for various stakeholders.
• Ensure adherence to 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., SOA, IFoA) is highly desirable.
• Strong analytical and quantitative skills, with a solid foundation in probability and statistics.
• Proficiency in programming languages or statistical software such as R, Python, SQL, or Excel.
• Excellent problem-solving abilities and meticulous attention to detail.

Benefits

• Competitive salary and study benefits to support actuarial exam progression.
• Hybrid work model providing a blend of remote and in-office work.
• Comprehensive medical aid, life insurance, and retirement benefits.
• Access to advanced actuarial software and tools.
• A collaborative and intellectually stimulating environment within a leading insurance group.