Actuarial Analyst

Durban FULL TIME R37,500 - R50,000 / Month
(R450,000 - R600,000 / Year)

Job Description

In this Actuarial Analyst position, you will work closely with various departments to interpret data and analyze trends. Your analytical skills will support the decision-making process on premium pricing, investment strategies, and financial forecasting.

Responsibilities

  • Calculate premiums and reserves using actuarial methods.
  • Collaborate with cross-functional teams to implement actuarial findings.
  • Evaluate the profitability of financial products.
  • Conduct risk assessments based on statistical models.
  • Attend meetings to present findings and influence decision-making.
  • Assist in preparing regulatory filings and compliance documentation.
  • Mentor junior analysts and interns in technical skills.
  • Maintain technical documentation of actuarial methodologies.
  • Engage in continuous professional development.
  • Utilize software tools for data analysis.

Requirements

Education
  • Bachelor's degree in Actuarial Science, Mathematics, or related field
  • Completion of preliminary actuarial exams is preferred
Experience
  • 2-5 years of experience in an actuarial role
Technical Skills
  • Statistical Analysis
  • Excel Proficiency
  • Risk Management Tools
Soft Skills
  • Analytical Thinking
  • Communication Skills
  • Team Player
Languages
  • English: Fluent

Advantageous

  • SAS or R programming experience: Familiarity with statistical software for data analysis and modeling.
  • Familiarity with insurance products: Understanding various insurance products and their actuarial implications.

Benefits

  • Competitive salary package with benefits.
  • Health and wellness programs.
  • Flexible working hours.
  • Contribution to retirement savings.

Company Culture

  • Innovation: We thrive on a culture of innovation, encouraging our analysts to bring fresh perspectives.
  • Collaboration: Our teams work together towards shared goals, fostering a supportive environment.
  • Inclusivity: We value diversity and are committed to creating an inclusive workspace.
Status: Closed