Senior Actuarial Analyst

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

Benefits offered by this job

Hybrid work arrangement

Medical aid

Retirement fund

Annual leave

Competitive salary + bonuses

Job summary

Placements24 in Durban, KwaZulu-Natal, invites an experienced Senior Actuarial Analyst to join its insurance team in a hybrid role blending office collaboration with remote work.

You will conduct complex actuarial analyses, develop models in R/Python/SAS/Prophet, analyze market trends, and support pricing, reserving, and risk management across lines of business; mentoring juniors and collaborating with underwriting and finance.

Qualifications

• Minimum of 5 years of progressive experience as an actuarial analyst in insurance.
• Progress toward or completion of actuarial examinations (e.g., actuarial exams).
• Strong proficiency with actuarial modeling software (R, Python, SAS, Prophet) and advanced Excel.
• Excellent analytical, numerical, and communication skills.

Responsibilities

• Perform complex actuarial calculations for pricing, reserving, and forecasting.
• Develop and maintain actuarial models using statistical software.
• Analyze insurance market trends to inform pricing strategies and product development.
• Collaborate with underwriting, product development, and finance teams to provide actuarial insights.
• Prepare actuarial reports and presentations for senior management and regulators.
• Mentor junior staff and contribute to technical development.

Skills

Actuarial analysis

Statistical modeling

Communication skills

Problem-solving

Analytical thinking

Education

Actuarial Science degree / Mathematics / Statistics

Tools

R

Python

SAS

Prophet

Advanced Excel

Job description

About the Role

Our client, a prominent force in the **insurance** industry, is seeking an experienced Senior Actuarial Analyst to join their esteemed team in **Durban, KwaZulu-Natal, ZA**. This role offers a hybrid work model, blending in-office collaboration with the flexibility of remote work. You will be instrumental in conducting complex actuarial analyses, pricing sophisticated insurance products, and managing risk across various lines of business. The ideal candidate possesses a strong analytical acumen, excellent problem-solving skills, and a deep understanding of actuarial principles and methodologies. This is a significant opportunity to contribute to critical business decisions, influence strategy, and advance your actuarial career within a supportive and dynamic environment. The role requires engagement with both internal stakeholders and external partners.

Key Responsibilities

• Perform complex actuarial calculations and modeling for pricing, reserving, and financial forecasting.
• Develop, implement, and maintain actuarial models using advanced statistical software.
• Analyze insurance market trends and competitor data to inform pricing strategies and product development.
• Assess and quantify financial risks associated with insurance products and portfolios.
• Collaborate closely with underwriting, product development, and finance teams to provide actuarial insights and support strategic initiatives.
• Prepare clear and concise actuarial reports and presentations for senior management and regulatory bodies.
• Mentor junior actuarial staff and contribute to the team's technical development.
• Ensure compliance with all relevant actuarial standards of practice and regulatory requirements.
• Continuously evaluate and improve actuarial methodologies and data analysis techniques.

Requirements

• A minimum of 5 years of progressive experience as an Actuarial Analyst in the **insurance** sector.
• Progress towards or completion of actuarial examinations (e.g., Actuarial Society of South Africa).
• Strong proficiency in actuarial modeling software (e.g., R, Python, SAS, Prophet) and advanced Excel skills.
• Excellent analytical, quantitative, and problem-solving abilities.
• Effective communication and presentation skills, with the ability to explain complex concepts to non-technical audiences.
• Understanding of South African **insurance** regulations and market dynamics.
• Ability to work effectively both independently and as part of a **hybrid** team.
• A Bachelor's or Master's degree in Actuarial Science, Mathematics, Statistics, or a related quantitative field.
• Proven ability to manage multiple projects and meet deadlines in a fast-paced environment.

Benefits

• Competitive salary and performance-related bonuses.
• Hybrid work arrangement offering a blend of office and remote flexibility.
• Support for actuarial exam progression and professional development.
• Comprehensive medical aid and retirement fund benefits.
• Generous annual leave allowance.
• Opportunity to work on challenging and impactful projects.
• Modern office facilities and access to the latest actuarial software.
• A collaborative and growth-oriented team environment.