Senior Actuarial Analyst - Insurance Pricing

Placements24; Midrand; Híbrido; ZAR 1.200.000 - 1.800.000; Jornada completa

Ventajas ofrecidas por este puesto de trabajo

Competitive salary

Performance-based bonuses

Medical aid plan

Retirement savings fund

Ongoing actuarial study support

Hybrid work model

Descripción de la vacante

Placements24 in Midrand seeks a Senior Actuarial Analyst to develop pricing models and provide data-driven pricing insights for the insurance portfolio. You will collaborate with underwriting and product development to align pricing with market conditions and company strategy.

The role offers a hybrid work arrangement in Gauteng and opportunities to mentor junior team members while staying abreast of the latest actuarial methods and market trends.

Formación

• 5+ years of actuarial experience in insurance.
• Progress toward or completion of actuarial examinations.
• Strong proficiency in statistical modeling software and programming languages (R, Python, SQL, Prophet).
• Excellent analytical and quantitative skills.
• Experience in insurance pricing and reserving.

Responsabilidades

• Develop, implement, and maintain pricing models for insurance products.
• Analyze historical data and market trends to forecast claims costs and determine premiums.
• Conduct profitability analyses and identify key drivers of financial performance.
• Collaborate with underwriting to support pricing strategies.
• Prepare detailed reports for senior management on pricing, reserving, and risk management.
• Ensure regulatory compliance and industry best practices in actuaries activities.
• Mentor junior actuaries and stay updated on actuarial developments.

Conocimientos

R

Python

SQL

Prophet

Educación

Bachelor's degree in Actuarial Science, Mathematics, Statistics, or related field

Herramientas

Prophet

Descripción del empleo

About the Role

Our client, a leading player in the insurance sector, is seeking a highly analytical and motivated Senior Actuarial Analyst to join their dynamic team. This pivotal role is based in the vibrant city of Midrand, Gauteng . The successful candidate will be instrumental in developing and refining pricing models, ensuring the company's competitive edge and financial stability in the market. You will work closely with various departments, including underwriting and product development, to provide critical insights and data-driven recommendations. This is an excellent opportunity for an experienced actuary looking to advance their career in a challenging and rewarding environment, contributing significantly to the strategic direction of our client.

Key Responsibilities

• Develop, implement, and maintain sophisticated pricing models for various insurance products.


• Analyze historical data and market trends to forecast future claims costs and determine appropriate premium rates.


• Conduct profitability analysis and identify key drivers of financial performance.


• Collaborate with the underwriting team to provide support on complex risks and pricing strategies.


• Prepare detailed reports and presentations for senior management on pricing, reserving, and risk management.


• Ensure compliance with regulatory requirements and industry best practices in all actuarial activities.


• Mentor junior members of the actuarial team, fostering a culture of learning and development.


• Stay abreast of the latest developments in actuarial science, technology, and the insurance market.

Requirements

• A minimum of 5 years of experience in an actuarial role within the insurance industry.


• Progress towards or completion of actuarial examinations (e.g., Actuarial Society of South Africa).


• Strong proficiency in statistical modeling software and programming languages (e.g., R, Python, SQL, Prophet).


• Excellent analytical, problem-solving, and quantitative skills.


• Demonstrated experience in insurance pricing and reserving techniques.


• Ability to communicate complex technical information clearly and concisely to both technical and non-technical audiences.


• Proven track record of working effectively in a team environment and collaborating across departments.


• A proactive approach to identifying and mitigating risks.


• Bachelor's degree in Actuarial Science, Mathematics, Statistics, or a related quantitative field.

Benefits

• Our client offers a comprehensive benefits package designed to support the well-being and professional growth of its employees.


• This includes a competitive annual salary, performance-based bonuses, and generous paid time off.


• Employees will also have access to a leading medical aid plan, a robust retirement savings fund, and opportunities for ongoing professional development and further actuarial study support.


• The hybrid work model offers flexibility, allowing for a healthy work-life balance.


• Join a supportive and innovative team environment in Midrand, Gauteng , where your contributions are valued and career progression is encouraged.