Actuarial Analyst

Durban FULL TIME R40,000 - R50,000 / Month
(R480,000 - R600,000 / Year)

Job Description

As an Actuarial Analyst, you'll play a pivotal role in our actuarial team, focusing on data analysis, risk assessment, and financial forecasting. You'll provide insights that will guide our strategic decision-making and help us develop competitive insurance products.

Responsibilities

  • Conduct statistical analyses to assess risks and outcomes.
  • Develop actuarial models for pricing and reserving.
  • Collaborate with other departments to refine product offerings.
  • Prepare detailed reports and presentations for stakeholders.
  • Monitor and evaluate ongoing risk management practices.
  • Assist in the development and implementation of new products.
  • Support the actuarial team on regulatory and compliance issues.

Requirements

Education
  • Bachelor's degree in approximately related field
  • Master's degree is an asset
Experience
  • 3-5 years of experience in actuarial roles within the insurance industry
Technical Skills
  • SQL
  • Statistical Software
Soft Skills
  • Attention to Detail
  • Communication Skills
Certifications
  • Associate in Risk Management (ARM)
Languages
  • English: Fluent

Advantageous

  • Experience with actuarial software (e.g. Prophet, GGY AXIS): Familiarity with industry-standard actuarial software for modeling.
  • Knowledge of financial regulations: Awareness of relevant financial regulations affecting the insurance market.
Status: Open