Insurance Actuarial Specialist - Sandton

Placements24; Sandton; Hybrid; ZAR 1,000,000 - 1,800,000; Full time

Benefits offered by this job

Competitive salary

Medical and retirement benefits

Hybrid work model

Professional development support

Generous leave

Job summary

Placements24 in Sandton, Gauteng invites an experienced Insurance Actuarial Specialist to join a hybrid team focused on pricing, reserving, capital modelling and strategic planning. You will apply advanced mathematical techniques to assess financial risks and contribute to the companys financial health.

The ideal candidate holds a degree in actuarial science with near or full qualifications and strong skills in Prophet, R, Python, and SQL.

Qualifications

• Degree in actuarial science or related quantitative field.
• Near or full qualification as an actuary (FSA/ASA/FIA or equivalent).
• Proven actuarial experience in insurance pricing, reserving or risk.
• Strong modeling and programming skills in Prophet, R, Python, SQL.
• Excellent communication and problem-solving abilities.

Responsibilities

• Develop, implement and maintain actuarial models for pricing, reserving and capital management.
• Perform complex calculations related to liabilities and assets.
• Assess financial risks and devise risk mitigation strategies.
• Collaborate with underwriting, product development and finance.
• Support pricing and reserving guidance for new products.
• Ensure regulatory and statutory reporting compliance.
• Analyze experience trends and contribute to forecasting and strategy.

Skills

Actuarial modeling

R/Python/SQL

Hybrid experience

Communication

Education

Bachelor's degree in Actuarial Science or related field

Near or full actuarial qualification (FSA/ASA/FIA)

Tools

Prophet

R

Python

SQL

Job description

About the Role Our client is seeking a highly qualified and experienced Insurance Actuarial Specialist to join their prestigious team in Sandton, Gauteng. This hybrid role is central to assessing and managing the financial risks associated with insurance products. You will be involved in pricing, reserving, capital modeling, and strategic financial planning, utilizing sophisticated mathematical and statistical techniques. This is a pivotal position for an individual with a strong actuarial background and a deep understanding of the insurance industry. Contribute to the financial health and strategic direction of our client by providing critical insights and expertise from Sandton. This role offers significant challenges and rewards within a leading financial hub.

Key Responsibilities

• Develop, implement, and maintain actuarial models for pricing, reserving, and capital management.
• Perform complex calculations and analyses related to insurance liabilities and assets.
• Assess and quantify financial risks and develop strategies for risk mitigation.
• Collaborate with underwriting, product development, and finance teams to provide actuarial input.
• Support the development and launch of new insurance products by providing pricing and reserving guidance.
• Ensure compliance with statutory and regulatory reporting requirements.
• Conduct experience investigations and analyze trends in mortality, morbidity, and other relevant factors.
• Contribute to the company's strategic planning and financial forecasting processes.
• Stay abreast of actuarial best practices, industry developments, and regulatory changes.

Requirements

• A Bachelor's degree in Actuarial Science, Mathematics, Statistics, or a related quantitative field.
• Near or full qualification as an Actuary (e.g., FSA, ASA, FIA, or equivalent).
• Significant experience in an actuarial role within the insurance industry.
• Proficiency in actuarial modeling software and programming languages (e.g., Prophet, R, Python, SQL).
• Strong analytical, quantitative, and problem-solving skills.
• Excellent communication and presentation skills, with the ability to explain complex concepts.
• Experience working in a hybrid environment.
• Knowledge of the Gauteng financial services sector is highly advantageous.
• Understanding of solvency and capital management regulations (e.g., Solvency II).

Benefits

• Highly competitive salary and substantial bonus potential.
• Comprehensive medical, retirement, and risk benefits package.
• Support for continued professional development and exam progression.
• Flexible hybrid work model.
• Generous annual leave and other paid time off.
• An intellectually stimulating environment in Sandton.
• Opportunity to influence key strategic decisions.