Actuarial Analyst

Job Description

As an Actuarial Analyst, you will play a vital role in our operations by analyzing data, creating risk models, and advising on pricing strategies within the Durban office. This position requires a blend of technical expertise and the ability to communicate results effectively. Strong collaboration with the finance and underwriting departments is essential to ensure successful outcomes.

Responsibilities

• Utilize statistical methods to evaluate risk and forecast future performance.
• Assist in developing key performance indicators for insurance products.
• Identify and rectify discrepancies in financial data.
• Provide technical support for actuarial software implementation.
• Engage in continuous professional development to ensure best practices are followed.
• Analyze competitor offerings and market conditions.
• Document actuarial methodologies and processes.

Requirements

Education

• Bachelor's degree in Actuarial Science, Mathematics, or related field
• Fellowship with a recognised actuarial body is preferred

Experience

• 2-5 years of experience in actuarial or related role

Technical Skills

• Statistical Analysis
• Excel & Actuarial Software
• Financial Modelling

Soft Skills

• Analytical Thinking
• Communication Skills
• Team Collaboration

Certifications

• Actuarial Certification (SA)
• Member of the Institute of Actuaries

Languages

• English: Fluent

Advantageous

• Experience with risk management frameworks: Familiarity with various risk assessment frameworks would be beneficial.
• Knowledge of programming languages (Python, R): Proficiency in programming for data analysis and model development.

Benefits

• Competitive salary and performance bonuses
• Health and wellness benefits
• Flexible working hours
• Opportunity for professional development

Company Culture

• Collaboration: We value teamwork and collaboration, encouraging open communication to achieve shared goals.
• Innovation: Our environment is geared towards innovative thinking and creative solutions.
• Professional Growth: We support continuous learning and professional development for our employees.