Insurance Actuary

Placements24; LegKraal Gate; Hybrid; ZAR 900,000 - 1,300,000; Full time

Benefits offered by this job

Hybrid work model

Health insurance

Retirement plan

Professional development

Job summary

Placements24 is recruiting an Insurance Actuary for our client in Mahikeng, North West. The role focuses on pricing, reserving, and capital management to strengthen solvency and profitability.

You will model complex data, provide insights to guide strategic decisions, and collaborate with underwriting, finance, and risk teams. The successful candidate will be fellowship- or near-fellowship-qualified with strong communication and presentation skills, and have knowledge of SA insurance

Qualifications

• Fellowship or near-fellowship status with a recognized actuarial society.
• Significant experience as an Actuary in the insurance industry.
• Expertise in actuarial software and modeling techniques.

Responsibilities

• Develop, implement, and maintain actuarial models for pricing, reserving, and capital management.
• Analyze insurance data to assess financial risks and predict future outcomes.
• Set premiums and reserves based on sound actuarial principles and regulatory requirements.
• Conduct financial projections and support strategic planning initiatives.
• Collaborate with underwriting, finance, and risk management teams.
• Prepare technical reports and present findings to senior management and stakeholders.

Skills

Actuarial modelling

Data analysis

Communication

Presentation

Education

Fellowship or near-fellowship with actuarial society

Tools

Actuarial software

Job description

About the Role

Our client is looking for a highly skilled and qualified Insurance Actuary to join their actuarial team in Mahikeng, North West. This role is integral to assessing financial risks, pricing insurance products, and ensuring the long-term solvency and profitability of the company. You will work with complex data, develop sophisticated models, and provide critical insights to support strategic business decisions. This is an excellent opportunity for an accomplished actuary to contribute to a leading insurance provider.

Key Responsibilities

• Develop, implement, and maintain actuarial models for pricing, reserving, and capital management.
• Analyze insurance data to assess financial risks and predict future outcomes.
• Set premiums and reserves based on sound actuarial principles and regulatory requirements.
• Conduct financial projections and support strategic planning initiatives.
• Collaborate with underwriting, finance, and risk management teams.
• Prepare technical reports and present findings to senior management and stakeholders.

Requirements

• Fellowship or near-fellowship status with a recognized actuarial society.
• Significant experience as an Actuary in the insurance industry.
• Expertise in actuarial software and modeling techniques.
• Strong analytical, mathematical, and statistical skills.
• Excellent communication and presentation abilities.
• Knowledge of South African insurance regulations is advantageous.

Benefits

• Highly competitive salary and bonus structure.
• Hybrid work model offering flexibility.
• Comprehensive health insurance and retirement savings plan.
• Support for continued professional development and examination achievements.
• A challenging and intellectually stimulating work environment in Mahikeng.