Insurance Actuarial Analyst

About the Role Our client, a leading name in the insurance sector, is seeking a talented and driven Actuarial Analyst to join their sophisticated team in Sandton . This hybrid position combines the collaborative advantages of an office environment with the flexibility of remote work. You will play a crucial role in applying actuarial principles to complex insurance problems, including pricing, reserving, financial modeling, and risk management.

The ideal candidate possesses strong quantitative skills, a thorough understanding of statistical methods, and a commitment to professional development within the actuarial field. This role is integral to ensuring the financial health and strategic decision-making of our client.

• Develop and maintain pricing models for new and existing insurance products.
• Perform reserve calculations and analyses to ensure adequacy of financial provisions.
• Conduct financial projections and scenario testing for strategic planning and solvency assessment.
• Analyze insurance data to identify trends, assess risks, and inform business decisions.
• Collaborate with underwriting, claims, and finance departments to provide actuarial insights.
• Assist in the development and implementation of new actuarial methodologies and software.
• Prepare clear and concise reports and presentations for management and regulatory bodies.
• Contribute to the company's capital management and solvency initiatives.
• Stay current with actuarial standards of practice, regulations, and industry developments.

• Bachelor's degree in Actuarial Science, Mathematics, Statistics, or a related quantitative field.
• Progress towards actuarial qualifications (e.g., Actuarial Society of South Africa exams).
• Minimum of 3 years of experience in an actuarial role within the insurance industry.
• Proficiency in actuarial modeling software (e.g., Prophet, GGY AXIS) and programming languages (e.g., SQL, Python, R).
• Strong analytical, statistical, and problem-solving skills.
• Excellent communication and interpersonal skills, with the ability to explain technical concepts to non-technical audiences.
• Ability to work effectively both independently and as part of a team in a hybrid environment.
• Meticulous attention to detail and commitment to accuracy.

• A highly competitive annual salary of R , commensurate with qualifications and experience.
• Hybrid work model providing a flexible and balanced work-life arrangement.
• Significant opportunities for professional growth and advancement in the actuarial field.
• Support for actuarial exam progression and continuing professional development.
• Comprehensive medical aid and retirement fund.
• Generous annual leave.
• A stimulating and intellectually challenging work environment in Sandton .