Senior Actuarial Analyst - Insurance Risk Management

Placements24; Johannesburg; Hybrid; ZAR 1,000,000 - 1,800,000; Full time

Benefits offered by this job

Competitive salary package

Medical aid and retirement fund

Generous annual leave

Professional development funding

Access to actuarial tools

Hybrid work arrangements

Prime Johannesburg location

Job summary

Placements24 in Johannesburg is seeking a Senior Actuarial Analyst to join our risk management team. You will develop and validate actuarial models for pricing, reserving, and capital adequacy, delivering data-driven insights to senior management.

The ideal candidate has 5+ years in actuarial roles within insurance, strong skills in Prophet/AXIS and Python/R/SQL, and the ability to communicate complex results to technical and non-technical stakeholders. Hybrid work options available.

Qualifications

• Bachelor's or Master's degree in Actuarial Science, Mathematics, Statistics, or related quantitative field.
• Progress towards or completion of actuarial examinations (e.g., ASISA, IFoA).
• Minimum 5 years of progressive actuarial experience in insurance.
• Strong proficiency in Prophet, AXIS and programming languages (Python, R, SQL).
• Excellent analytical, problem-solving, and communication skills.
• Ability to interpret data and communicate findings to technical and non-technical audiences.
• Experience in risk management and capital modelling.
• Understanding of SA solvency regulations and frameworks.

Responsibilities

• Develop, validate, and implement actuarial models for pricing, reserving, and capital adequacy assessments.
• Analyze financial data to identify trends, assess risk exposures, and forecast liabilities.
• Prepare reports for senior management with findings and recommendations.
• Collaborate with underwriting, claims, and finance to provide actuarial insights.
• Ensure regulatory compliance and adherence to best practices in actuarial work.
• Mentor junior actuarial staff and promote professional development.
• Stay updated on industry developments, regulations, and emerging risks.

Skills

Analytical thinking

Problem solving

Critical thinking

Communication

Education

Bachelor's or Master's in Actuarial Science/Math/Stats

Tools

Prophet

GGY AXIS

Python

R

SQL

Job description

About the Role

Our client, a leading insurance provider in Johannesburg , is seeking an experienced and highly analytical Senior Actuarial Analyst to join their dynamic risk management team. This is a critical role responsible for developing, implementing, and maintaining sophisticated actuarial models to assess and manage the company's financial risks. The successful candidate will play a pivotal part in ensuring the solvency and profitability of the business by providing data-driven insights and strategic recommendations. This position offers a stimulating environment where complex challenges are met with innovative solutions. The role is based in the vibrant economic hub of Johannesburg, Gauteng , offering excellent exposure to the financial services industry in South Africa.

Key Responsibilities

• Develop, validate, and implement actuarial models for pricing, reserving, and capital adequacy assessments across various insurance products.
• Conduct in-depth analysis of financial data to identify trends, assess risk exposures, and forecast future liabilities.
• Prepare detailed reports and presentations for senior management, outlining findings, recommendations, and potential impacts on business strategy.
• Collaborate with underwriting, claims, and finance departments to provide actuarial support and insights.
• Ensure compliance with regulatory requirements and industry best practices in all actuarial activities.
• Mentor and guide junior actuarial staff, fostering a culture of continuous learning and professional development.
• Stay abreast of industry developments, new regulations, and emerging risks impacting the insurance sector.

Requirements

• A Bachelor's or Master's degree in Actuarial Science, Mathematics, Statistics, or a related quantitative field.
• Progress towards or completion of actuarial examinations (e.g., Actuarial Society of South Africa, Institute and Faculty of Actuaries).
• A minimum of 5 years of progressive experience in an actuarial role within the insurance industry.
• Strong proficiency in actuarial software (e.g., Prophet, GGY AXIS) and programming languages (e.g., Python, R, SQL).
• Excellent analytical, problem-solving, and critical thinking skills.
• Demonstrated ability to interpret complex data and communicate findings clearly and concisely to both technical and non-technical audiences.
• Proven experience in risk management and capital modelling.
• Strong understanding of insurance regulations and solvency frameworks relevant to South Africa .

Benefits

• Competitive annual salary package reflecting your experience and expertise.
• Comprehensive medical aid and retirement fund contributions.
• Generous annual leave allowance and paid public holidays.
• Opportunities for professional development, including funding for actuarial exams and further education.
• Access to cutting-edge technology and actuarial tools.
• A collaborative and supportive work environment in a prime Johannesburg location.
• Potential for hybrid work arrangements to promote work-life balance.