Senior Insurance Actuary

Placements24; Benoni; On-site; ZAR 1,200,000 - 1,800,000; Full time

Benefits offered by this job

Competitive salary

Medical and retirement benefits

Generous annual leave

Professional development support

Stable work environment in Benoni

Job summary

Placements24 in Benoni is seeking a Senior Insurance Actuary to join the core team. The role involves applying advanced mathematical and statistical methods to assess financial risks, price insurance products, and manage capital.

You will influence pricing, reserving, solvency, and regulatory compliance, and mentor junior actuaries while collaborating with underwriting, claims, and finance. Office-based in Gauteng.

Qualifications

• Fellowship or near-fellowship status with a recognized actuarial society.
• 5+ years of insurance actuarial experience.
• Advanced proficiency in actuarial modeling software and statistical analysis tools.
• Excellent written and verbal communication skills.
• Strong understanding of financial modeling, risk management, and regulatory environments.

Responsibilities

• Develop, implement, and maintain actuarial models for pricing, reserving, and financial projections.
• Analyze financial data to assess profitability and risk of insurance products and portfolios.
• Ensure compliance with statutory reporting requirements and solvency regulations.
• Provide expert actuarial advice to support strategic business decisions and product development.
• Collaborate with underwriting, claims, and finance teams to provide data-driven insights.
• Mentor and guide junior actuaries and analysts within the department.

Skills

Actuarial software

Statistical analysis

Education

Fellowship or near-fellowship with a recognized actuarial society (e.g., ASISA)

Job description

About the Role

Our client seeks a highly accomplished and technically proficient Senior Insurance Actuary to join their core team in Benoni . This critical role involves applying advanced mathematical and statistical methods to assess financial risks, price insurance products, and manage capital effectively. You will play a key role in strategic decision-making, providing insights into pricing, reserving, and solvency. This is an office-based position essential for the financial health and long-term success of the company's insurance operations in Gauteng .

Key Responsibilities

• Develop, implement, and maintain actuarial models for pricing, reserving, and financial projections.
• Analyze financial data to assess the profitability and risk of insurance products and portfolios.
• Ensure compliance with statutory reporting requirements and solvency regulations.
• Provide expert actuarial advice to support strategic business decisions and product development.
• Collaborate with underwriting, claims, and finance teams to provide data-driven insights.
• Mentor and guide junior actuaries and analysts within the department.

Requirements

• Fellowship or near-fellowship status with a recognized actuarial society (e.g., Actuarial Society of South Africa).
• Substantial experience (e.g., 5+ years) in insurance actuarial work, with a strong understanding of life or non-life insurance principles.
• Advanced proficiency in actuarial modeling software and statistical analysis tools.
• Excellent written and verbal communication skills, with the ability to explain complex concepts clearly.
• Strong understanding of financial modeling, risk management, and regulatory environments.

Benefits

• Highly competitive salary commensurate with experience and qualifications.
• Comprehensive medical and retirement benefits.
• Generous annual leave and professional development support.
• Opportunity to work on challenging actuarial problems with significant impact.
• A stable and professional work environment in Benoni .