Senior Actuarial Analyst

Placements24; Klerksdorp; Hybrid; ZAR 900,000 - 1,500,000; Full time

Benefits offered by this job

Study support for actuarial exams

Medical aid

Pension fund

Job summary

Placements24 is seeking a Senior Actuarial Analyst for a leading insurer in Klerksdorp, North West. You will apply actuarial principles to price insurance products, model liabilities, and assess financial risk, helping safeguard solvency and support strategic decisions.

The role requires at least four years in actuarial work, progression toward a recognized qualification, and strong skills in Prophet, R, Python and SQL.

Qualifications

• 4+ years of experience in an actuarial role within insurance.
• Progress toward or completion of recognized actuarial qualification.
• Strong modeling software skills (Prophet, R, Python, SQL).
• Advanced knowledge of statistics, probability, and financial mathematics.
• Excellent analytical, quantitative, and communication skills.

Responsibilities

• Perform pricing, reserving, and capital modeling analyses.
• Develop, maintain, and enhance actuarial models for life, health, and short-term products.
• Analyze large datasets to identify trends and forecast outcomes.
• Collaborate with underwriting, finance, and product teams to provide actuarial input.
• Prepare regulatory actuarial reports and support filings.
• Present findings to management and support product development.
• Stay updated on new techniques and software advancements.
• Contribute to valuation of liabilities and capital adequacy.
• Conduct peer reviews of colleagues' actuarial work.

Skills

Analytical mindset

Statistical modeling

Problem solving

Communication skills

Team collaboration

Education

Actuarial qualification in progress or completed

Tools

Prophet

R

Python

SQL

Job description

About the Role

Our client, a leading insurer, is seeking a highly analytical and motivated Senior Actuarial Analyst to join their esteemed team in Klerksdorp, North West . This vital role involves applying actuarial principles and advanced mathematical techniques to assess financial risks, price insurance products accurately, and ensure the financial health and solvency of the company. You will be instrumental in developing models, analyzing complex data sets, and providing strategic insights to support business decisions. The ideal candidate is a dedicated professional with a strong foundation in actuarial science, excellent problem-solving skills, and a commitment to continuous learning and professional development. This is an exciting opportunity to advance your actuarial career in a challenging and rewarding environment.

Key Responsibilities

• Perform complex actuarial calculations and analyses for pricing, reserving, and capital modeling.
• Develop, maintain, and enhance actuarial models for various insurance products (e.g., life, health, short-term).
• Analyze large datasets to identify trends, assess risks, and forecast future financial outcomes.
• Collaborate with underwriting, finance, and product development teams to provide actuarial input.
• Assist in the preparation of regulatory actuarial reports and filings.
• Conduct peer reviews of actuarial work performed by other team members.
• Stay abreast of new actuarial techniques, software advancements, and industry best practices.
• Contribute to the valuation of liabilities and the assessment of capital adequacy.
• Present complex actuarial findings and recommendations to management in a clear and concise manner.
• Support the development and implementation of new insurance products.

Requirements

• A minimum of 4 years of experience in an actuarial role within the insurance industry.
• Progress towards or completion of a recognized actuarial qualification (e.g., FSA, FIA, ASA, AFA).
• Strong proficiency in actuarial modeling software (e.g., Prophet, R, Python, SQL).
• Advanced knowledge of statistical modeling, probability theory, and financial mathematics.
• Excellent analytical, quantitative, and problem-solving skills.
• Ability to interpret and manipulate complex data sets.
• Strong communication and presentation skills, with the ability to explain technical concepts to non-technical audiences.
• Detail-oriented with a high degree of accuracy.
• Ability to work effectively both independently and collaboratively in a team environment in Klerksdorp, North West .
• Understanding of South African insurance regulations.

Benefits

Our client offers a competitive salary package, benchmarked against industry standards, along with substantial performance-based bonuses and study support for actuarial examinations. Employees receive comprehensive medical aid, a robust pension fund, and opportunities for professional development, including attending actuarial conferences and workshops. You will be part of a highly skilled actuarial team, working on challenging projects that offer significant career growth. This role provides a stable and intellectually stimulating career path in Klerksdorp , contributing to the financial stability of the insurance sector in the North West province.