Insurance Actuary

Placements24; Sandton; Hybrid; ZAR 1,200,000 - 2,100,000; Full time

Benefits offered by this job

Health insurance

Dental insurance

Vision insurance

Professional development

Hybrid work model

Bonus potential

Job summary

Placements24 in Sandton is seeking a highly skilled Insurance Actuary to join our dynamic team. This role involves using mathematical and statistical expertise to assess risks, model liabilities, and price insurance products.

You will ensure solvency, support strategic decisions, and collaborate across departments in a hybrid Sandton office. Fellowship/Associateship holders preferred; strong communication and leadership capabilities are essential.

Qualifications

• Fellowship or Associateship with a recognized actuarial society (e.g., FASSA, FSA, FIA).
• Proficiency in actuarial modeling and statistical analysis.
• Excellent analytical, problem-solving, and communication skills.

Responsibilities

• Develop and maintain actuarial models for pricing, reserving, and forecasting.
• Analyze data to assess risk exposure and predict liabilities.
• Evaluate financial implications of new products and strategies.
• Ensure compliance with actuarial standards and regulatory requirements.
• Collaborate with underwriting, finance, and risk teams to provide insights.

Skills

Actuarial modeling

Statistical analysis

Analytical thinking

Communication skills

Education

Actuarial Fellowship/Associateship

Tools

Actuarial software

Job description

About the Role

Our client is looking for a highly skilled and experienced Insurance Actuary to join their dynamic team in Sandton . This challenging role involves using mathematical and statistical expertise to assess financial risks and model future liabilities for the company. You will play a crucial role in pricing insurance products, ensuring financial solvency, and contributing to strategic business decisions. The ideal candidate is analytically gifted, possesses a deep understanding of actuarial science, and is committed to maintaining the financial health of the organization within the robust Gauteng insurance market.

Key Responsibilities

• Develop and maintain actuarial models for pricing, reserving, and financial forecasting.
• Analyze complex data sets to assess risk exposure and predict future insurance liabilities.
• Evaluate the financial implications of new product developments and business strategies.
• Ensure compliance with all relevant actuarial standards and regulatory requirements.
• Collaborate with underwriting, finance, and risk management teams to provide actuarial insights.

Requirements

• Fellowship or Associateship with a recognized actuarial society (e.g., FASSA, FSA, FIA).
• Extensive experience as an Insurance Actuary or in a similar actuarial role.
• Proficiency in actuarial modeling software and statistical analysis tools.
• Strong understanding of insurance principles, financial mathematics, and risk management.
• Excellent analytical, problem-solving, and communication skills.

Benefits

• Highly competitive salary and significant bonus potential.
• Comprehensive benefits package including health, dental, and vision insurance.
• Support for ongoing professional development and exam progression.
• A prestigious work environment in Sandton with opportunities for leadership.
• Hybrid work model balancing office collaboration and personal flexibility.