Senior Actuarial Analyst

Placements24; LegKraal Gate; On-site; ZAR 900,000 - 1,500,000; Full time

Benefits offered by this job

Bonus programs

Health insurance

Study support

Retirement plan

Job summary

Placements24 seeks a Senior Actuarial Analyst to join the client’s team in Mahikeng. You will lead complex actuarial models for pricing, reserving, and financial projections, and provide critical insights to drive profitability and solvency.

The role collaborates with underwriting, product development, and finance to price new products and guide strategic decisions. A Bachelor’s degree and 7+ years in insurance are required.

Qualifications

• Bachelor's degree in Actuarial Science, Mathematics, Statistics, or related field.
• Progress towards or completion of actuarial examinations (e.g., FIA, FASSA, SOA).
• Minimum of 7 years of experience as an Actuarial Analyst in insurance.
• Proficiency in actuarial software and programming (Prophet, R, Python, SQL).

Responsibilities

• Develop, implement, and maintain sophisticated actuarial models for pricing, reserving, and projections.
• Analyze insurance data to assess risk, quantify liabilities, and forecast outcomes.
• Collaborate with product development to design and price new insurance products.
• Assist in valuation of liabilities and regulatory reporting compliance.
• Provide expert actuarial insights to support strategic decisions.
• Mentor junior staff and contribute to best practices.

Skills

Actuarial analysis

Advanced statistics

Communication skills

Education

Bachelor's degree in Actuarial Science or related field

Tools

Prophet

R

Python

SQL

Job description

About the Role

Our client is seeking a highly skilled and experienced Senior Actuarial Analyst to join their team in Mahikeng. This pivotal role involves complex financial modeling, risk assessment, and the development of pricing strategies for insurance products. You will work closely with underwriting, product development, and finance teams to provide critical insights that drive business decisions and ensure the long-term profitability and solvency of the company. The ideal candidate will possess advanced mathematical and statistical skills, a deep understanding of actuarial principles, and a proven ability to tackle intricate analytical challenges. This is a key position for shaping financial strategy within the organization.

Key Responsibilities

• Develop, implement, and maintain sophisticated actuarial models for pricing, reserving, and financial projections.
• Analyze insurance data to assess risk, quantify liabilities, and forecast future financial outcomes.
• Collaborate with product development teams to design and price new insurance products effectively.
• Assist in the valuation of insurance liabilities and ensure compliance with regulatory reporting requirements.
• Provide expert actuarial advice and insights to support strategic business decisions.
• Mentor junior actuarial staff and contribute to the development of actuarial best practices within the company.

Requirements

• A Bachelor's degree in Actuarial Science, Mathematics, Statistics, or a related field.
• Progress towards or completion of actuarial examinations (e.g., FIA, FASSA, SOA).
• A minimum of 7 years of experience as an Actuarial Analyst within the insurance industry.
• Strong proficiency in actuarial software and programming languages (e.g., Prophet, R, Python, SQL).
• Advanced analytical, statistical, and problem-solving skills.
• Excellent communication and presentation skills, with the ability to convey complex technical information to non-technical audiences.

Benefits

• Highly competitive salary and substantial performance-based bonuses.
• Comprehensive health, dental, and vision insurance.
• Generous study support and professional development opportunities for actuarial exams.
• A challenging and rewarding work environment with opportunities for career advancement.
• Employer-sponsored retirement plan.