Insurance Actuary

Placements24; Randburg; Hybrid; ZAR 1,200,000 - 1,800,000; Full time

Benefits offered by this job

Excellent salary package

Hybrid work arrangement

Medical aid and retirement fund

Exam progression support

Career development opportunities

Performance bonuses

Generous leave

Wellness initiatives

Strategic impact in Randburg

Job summary

Placements24 in Randburg seeks an experienced Insurance Actuary to join a leader in the insurance sector. The role blends in-office strategic planning with remote operations, focusing on pricing, reserving, and risk management.

You will work to maintain profitability and solvency in a dynamic Gauteng market. The ideal candidate holds advanced actuarial qualifications, strong modeling skills, and a solid understanding of insurance products and markets.

Qualifications

• Actuarial exams in progress or completed (ASA/ FSA).
• Bachelor's or Master's in Actuarial Science, Mathematics, Statistics, or related field.
• Proven experience as an actuary in the insurance industry.
• Strong analytical, quantitative, and problem-solving skills.
• Proficiency with actuarial modeling software (Prophet, GGY Axis).
• Experience with Python or R is a plus.
• Excellent communication and presentation abilities.
• Ability to work effectively in a hybrid team.

Responsibilities

• Develop, implement, and maintain actuarial models for pricing and reserving.
• Analyze risks and determine pricing strategies for products.
• Calculate reserves for claims and liabilities.
• Conduct experience studies on mortality, morbidity, and lapse rates.
• Perform asset-liability management analyses.
• Assist in developing new insurance products and features.
• Ensure compliance with actuarial standards and regulations.
• Prepare actuarial reports and present findings to management.
• Contribute to capital management and solvency assessments.
• Mentor junior actuaries and actuarial students.

Skills

Analytical skills

Problem solving

Communication

Hybrid teamwork

Modeling expertise

Education

Bachelor's/Master's in Actuarial Science or related field

Actuarial exams in progress (ASA/FSA)

Tools

Prophet

GGY Axis

Python

R

Job description

About the Role

Our client, a leader in the insurance sector, is looking for a highly skilled and motivated Insurance Actuary to join their team in Randburg . This challenging role involves utilizing mathematical and statistical models to assess financial risks, price insurance products, and manage the company's liabilities. The position offers a hybrid work model, allowing for a blend of in-office strategic planning and remote operational focus. You will be a key contributor to the financial health and strategic direction of the company within the dynamic Gauteng market. We foster an environment of continuous learning, analytical rigor, and collaborative problem-solving. The ideal candidate will possess advanced actuarial qualifications, exceptional analytical and modeling skills, and a deep understanding of insurance principles and financial markets. Your expertise will be critical in ensuring the company's long-term profitability and solvency. This is a premier opportunity to advance your actuarial career within a respected financial institution.

Key Responsibilities

• Develop, implement, and maintain actuarial models for pricing, reserving, and financial projections.
• Analyze insurance risks and determine appropriate pricing strategies for new and existing products.
• Calculate and set reserves for claims and other liabilities.
• Conduct experience studies to analyze mortality, morbidity, and lapse rates.
• Perform asset-liability management analysis.
• Assist in the development of new insurance products and features.
• Ensure compliance with actuarial standards of practice and regulatory requirements.
• Prepare actuarial reports and present findings to senior management and stakeholders.
• Contribute to capital management and solvency assessments.
• Mentor and guide junior actuaries and actuarial students.

Requirements

• Completed or near-completion of actuarial exams (e.g., ASA, FSA, or equivalent).
• Bachelor's or Master's degree in Actuarial Science, Mathematics, Statistics, or a related field.
• Proven experience as an Actuary within the insurance industry.
• Strong analytical, quantitative, and problem-solving skills.
• Proficiency in actuarial modeling software (e.g., Prophet, GGY Axis) and tools.
• Excellent understanding of insurance products, regulations, and financial markets.
• Strong communication and presentation skills, with the ability to explain complex concepts clearly.
• Ability to work effectively in a hybrid team environment.
• High level of attention to detail and accuracy.
• Experience with programming languages like Python or R is a plus.

Benefits

• Exceptional annual salary package of R .
• Hybrid work arrangement for optimal work-life balance.
• Full medical aid and comprehensive retirement fund benefits.
• Support for continued actuarial exam progression and professional development.
• Stimulating work environment with challenging actuarial projects.
• Performance-based bonuses and rewards.
• Generous annual leave.
• Access to employee wellness initiatives.
• Opportunity to influence key strategic decisions.
• Be part of a respected actuarial team in Randburg .