Senior Insurance Actuary

Placements24; Noord-Kaap; On-site; ZAR 1,500,000 - 2,000,000; Full time

Benefits offered by this job

Relocation assistance

Job summary

Placements24 in Kimberley, Northern Cape, seeks a Senior Insurance Actuary to lead pricing, reserving, and capital modeling initiatives for a diverse insurer.

You will mentor junior actuaries, drive advanced financial modelling, and prepare reports for senior management and regulators while shaping pricing strategies and ensuring regulatory compliance.

Qualifications

• FASA or international actuarial designation.
• 8+ years in pricing, reserving or capital modeling in the insurance sector.
• Proficiency with actuarial software (Prophet, GGY AXIS) and statistical tools (R, Python, SAS).
• Strong analytical, quantitative and communication skills.
• Proven leadership in managing actuarial projects or teams.

Responsibilities

• Develop, implement, and maintain pricing models for insurance products.
• Perform reserve calculations and valuations per regulatory and accounting standards.
• Conduct financial modeling to assess profitability, solvency, and capital adequacy.
• Analyze historical data to inform actuarial assumptions and trends.
• Collaborate with underwriting, product development and finance to support objectives.
• Prepare actuarial reports and present findings to senior management and regulators.
• Evaluate and manage financial risks associated with insurance products.
• Mentor junior actuarial staff and contribute to strategic planning.

Skills

FASA designation

Pricing and reserving

Capital modelling

Prophet

GGY AXIS

Python

R

SAS

Tools

Prophet

GGY AXIS

R

Python

SAS

Job description

About the Role

Our client, a leading force in the insurance industry, is seeking a highly qualified Senior Insurance Actuary to join their esteemed team in Kimberley, Northern Cape . This pivotal role involves complex financial modeling, risk assessment, and the development of pricing strategies for a diverse range of insurance products. The ideal candidate will possess advanced analytical skills, a deep understanding of actuarial principles, and a proven track record in pricing, reserving, or capital modeling within the insurance sector. You will play a crucial role in informing strategic business decisions and ensuring the financial health and solvency of the company. This is a unique opportunity to contribute your expertise in a key leadership position within a stable and growing organization, shaping the financial future of our client in the Kimberley region.

Key Responsibilities

• Develop, implement, and maintain pricing models for new and existing insurance products.
• Perform reserve calculations and valuations in accordance with regulatory requirements and accounting standards.
• Conduct financial modeling and analysis to assess profitability, solvency, and capital adequacy.
• Analyze historical data to identify trends and inform actuarial assumptions.
• Work closely with underwriting, product development, and finance teams to support business objectives.
• Prepare actuarial reports and present findings to senior management and regulatory bodies.
• Evaluate and manage financial risks associated with insurance products.
• Stay current with advancements in actuarial science, software, and regulatory changes.
• Mentor and guide junior actuarial staff.
• Contribute to the strategic planning and financial forecasting processes.

Requirements

• Fellow of the Actuarial Society of South Africa (FASA) or equivalent international designation.
• A minimum of 8 years of actuarial experience, with a significant focus on pricing, reserving, or capital modeling in the insurance industry.
• Strong proficiency in actuarial software (e.g., Prophet, GGY AXIS) and statistical analysis tools (e.g., R, Python, SAS).
• Advanced knowledge of insurance products, regulations, and financial reporting standards.
• Exceptional analytical, quantitative, and problem-solving skills.
• Excellent communication and presentation skills, with the ability to explain complex concepts clearly.
• Proven leadership capabilities and experience in managing actuarial projects or teams.
• High level of integrity and professional ethics.
• Ability to work effectively in a collaborative environment.
• Must be based in or willing to relocate to Kimberley, Northern Cape .

Benefits

• Highly competitive salary and significant performance-based bonuses.
• Comprehensive medical aid and retirement fund benefits.
• Generous professional development budget for conferences and further education.
• Opportunities for career advancement into senior leadership roles.
• Stimulating work on complex actuarial challenges.
• Supportive and intellectually driven team environment.
• Excellent work-life balance.
• Relocation assistance may be provided.