Senior Actuarial Analyst

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

Benefits offered by this job

Hybrid work model

Comprehensive medical aid

Job summary

Placements24 in Sandton seeks a Senior Actuarial Analyst to join their team. The role covers complex actuarial modeling, pricing, reserving and risk assessment for insurance products, with hybrid work and strong growth opportunities.

The ideal candidate is nearly or newly qualified with a strong quantitative background and a track record of tackling challenging actuarial problems. This hybrid role offers collaboration and professional development.

Qualifications

• Bachelor's or Master's degree in Actuarial Science, Mathematics, Statistics, or related field.
• Progress towards or completion of actuarial examinations (e.g., Actuarial Society of South Africa).
• Minimum 4 years of actuarial experience in the insurance industry.

Responsibilities

• Perform complex actuarial calculations for pricing, reserving, and solvency requirements.
• Develop, test, and maintain actuarial models using advanced software and techniques.
• Analyze financial data, identify trends, and provide insights to support business decisions.
• Assist in the development and implementation of new insurance products and strategies.
• Prepare detailed reports and presentations for senior management and regulatory bodies.
• Mentor junior actuarial staff and contribute to the development of the actuarial team.

Skills

Actuarial modeling

Analytical thinking

Communication skills

Problem solving

Education

Bachelor's or Master's degree in Actuarial Science

Actuarial examinations progress/completion

Tools

Prophet

R

Python

Excel

Job description

About the Role

Our client is seeking a highly skilled and experienced Senior Actuarial Analyst to join their team in the prestigious financial hub of Sandton. This critical role involves complex actuarial modeling, pricing, reserving, and risk assessment for various insurance products. You will contribute significantly to the financial health and strategic direction of the company by providing robust analytical insights and recommendations. The ideal candidate is a nearly or newly qualified actuary with a strong quantitative background and a proven ability to tackle challenging actuarial problems. This hybrid role offers excellent opportunities for professional growth and collaboration.

Key Responsibilities

• Perform complex actuarial calculations for pricing, reserving, and solvency requirements.
• Develop, test, and maintain actuarial models using advanced software and techniques.
• Analyze financial data, identify trends, and provide insights to support business decisions.
• Assist in the development and implementation of new insurance products and strategies.
• Prepare detailed reports and presentations for senior management and regulatory bodies.
• Mentor junior actuarial staff and contribute to the development of the actuarial team.

Requirements

• Bachelor's or Master's degree in Actuarial Science, Mathematics, Statistics, or a related field.
• Progress towards or completion of actuarial examinations (e.g., Actuarial Society of South Africa).
• Minimum 4 years of relevant actuarial experience in the insurance industry.
• Strong proficiency in actuarial modeling software (e.g., Prophet, R, Python) and advanced Excel skills.
• Excellent analytical, problem-solving, and quantitative abilities.
• Strong communication skills, with the ability to articulate complex technical concepts clearly.

Benefits

• Highly competitive annual salary and performance-based bonuses.
• Hybrid work model providing flexibility and balance.
• Comprehensive medical aid, retirement fund, and other executive benefits.
• Significant support for continued actuarial studies and professional development.
• Opportunity to work on high-impact projects in a leading financial institution in Sandton.