Senior Actuarial Analyst

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

Benefits offered by this job

Competitive salary

Medical aid

Retirement fund

Actuarial study support

Hybrid work environment

Career development

Job summary

Placements24 is seeking a Senior Actuarial Analyst for our client, a leading insurance and financial services firm in Stellenbosch, Western Cape. You will build and maintain complex actuarial models for pricing, reserving and financial projections, and contribute to strategic decisions.

You will guide junior analysts, collaborate with underwriting, product development and finance, and ensure compliance with actuarial standards.

Qualifications

• Bachelor's degree in Actuarial Science, Mathematics, Statistics, or related field.
• Progress towards or completion of actuarial examinations (e.g., ASISA or SOA).
• Minimum of 5 years actuarial experience in the insurance industry.

Responsibilities

• Develop, implement, and maintain complex actuarial models for pricing, reserving, and financial projections.
• Perform in-depth analysis of insurance data to identify trends, risks, and opportunities.
• Support pricing of new insurance products and review product profitability.
• Assist in calculation of technical provisions and reserves per regulatory requirements.
• Conduct experience studies and analyze key actuarial assumptions.
• Collaborate with underwriting, product development and finance to provide insights.

Skills

Analytical skills

Problem solving

Communication

Education

Bachelor's degree in Actuarial Science

Tools

Excel

Prophet

R

Python

Job description

About the Role

Our client, a leading insurance and financial services company, is seeking a highly skilled and motivated Senior Actuarial Analyst to join their team in Stellenbosch, Western Cape . This role is integral to the company's success, involving complex financial modeling, pricing, reserving, and risk analysis. The Senior Actuarial Analyst will contribute to strategic decision-making by providing insightful analysis and developing robust actuarial models. We are looking for an individual with a strong quantitative background, excellent problem-solving skills, and a proven track record of success in actuarial science. This is an exceptional opportunity for a dedicated professional to advance their career within a reputable organization, working on challenging projects in a beautiful region. We foster a culture of continuous learning and professional growth.

Key Responsibilities

• Develop, implement, and maintain complex actuarial models for pricing, reserving, and financial projections.
• Perform in-depth analysis of insurance data to identify trends, risks, and opportunities.
• Support the pricing of new insurance products and review existing product profitability.
• Assist in the calculation of technical provisions and reserves according to regulatory requirements.
• Conduct experience studies and analyze key actuarial assumptions.
• Collaborate with underwriting, product development, and finance teams to provide actuarial insights.
• Prepare detailed reports and presentations for management, regulatory bodies, and other stakeholders.
• Mentor and guide junior actuarial analysts, sharing knowledge and expertise.
• Ensure compliance with all relevant actuarial standards and regulations.
• Contribute to the continuous improvement of actuarial processes and methodologies.

Requirements

• A Bachelor's degree in Actuarial Science, Mathematics, Statistics, or a related quantitative field.
• Progress towards or completion of recognized actuarial examinations (e.g., Actuarial Society of South Africa, SOA).
• Minimum of 5 years of experience in an actuarial role within the insurance industry.
• Strong proficiency in actuarial modeling software and techniques (e.g., Excel, Prophet, R, Python).
• Excellent analytical, quantitative, and problem-solving skills.
• Proven ability to interpret complex data and provide actionable insights.
• Effective communication and presentation skills, with the ability to explain technical concepts to non-actuarial audiences.
• High level of attention to detail and accuracy.
• Ability to work independently and manage multiple projects simultaneously.
• Strong understanding of insurance products and the regulatory environment.

Benefits

• Highly competitive salary package and performance-related bonuses.
• Comprehensive medical aid and retirement fund.
• Generous study support for actuarial exams.
• Opportunities for career progression and professional development.
• Collaborative and intellectually stimulating work environment.
• Beautiful work location in the heart of the Cape Winelands.
• Hybrid work flexibility to ensure work-life balance.
• Exposure to diverse insurance lines and innovative projects.
• Access to cutting-edge actuarial tools and technologies.
• Regular team events and social activities.