Insurance Actuary
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About the Role
Our client, a leader in the insurance sector, is looking for a highly skilled and motivated Insurance Actuary to join their team in Randburg . This challenging role involves utilizing mathematical and statistical models to assess financial risks, price insurance products, and manage the company's liabilities. The position offers a hybrid work model, allowing for a blend of in-office strategic planning and remote operational focus. You will be a key contributor to the financial health and strategic direction of the company within the dynamic Gauteng market. We foster an environment of continuous learning, analytical rigor, and collaborative problem-solving. The ideal candidate will possess advanced actuarial qualifications, exceptional analytical and modeling skills, and a deep understanding of insurance principles and financial markets. Your expertise will be critical in ensuring the company's long-term profitability and solvency. This is a premier opportunity to advance your actuarial career within a respected financial institution.
Key Responsibilities
- Develop, implement, and maintain actuarial models for pricing, reserving, and financial projections.
- Analyze insurance risks and determine appropriate pricing strategies for new and existing products.
- Calculate and set reserves for claims and other liabilities.
- Conduct experience studies to analyze mortality, morbidity, and lapse rates.
- Perform asset-liability management analysis.
- Assist in the development of new insurance products and features.
- Ensure compliance with actuarial standards of practice and regulatory requirements.
- Prepare actuarial reports and present findings to senior management and stakeholders.
- Contribute to capital management and solvency assessments.
- Mentor and guide junior actuaries and actuarial students.
Requirements
- Completed or near-completion of actuarial exams (e.g., ASA, FSA, or equivalent).
- Bachelor's or Master's degree in Actuarial Science, Mathematics, Statistics, or a related field.
- Proven experience as an Actuary within the insurance industry.
- Strong analytical, quantitative, and problem-solving skills.
- Proficiency in actuarial modeling software (e.g., Prophet, GGY Axis) and tools.
- Excellent understanding of insurance products, regulations, and financial markets.
- Strong communication and presentation skills, with the ability to explain complex concepts clearly.
- Ability to work effectively in a hybrid team environment.
- High level of attention to detail and accuracy.
- Experience with programming languages like Python or R is a plus.
Benefits
- Exceptional annual salary package of R .
- Hybrid work arrangement for optimal work-life balance.
- Full medical aid and comprehensive retirement fund benefits.
- Support for continued actuarial exam progression and professional development.
- Stimulating work environment with challenging actuarial projects.
- Performance-based bonuses and rewards.
- Generous annual leave.
- Access to employee wellness initiatives.
- Opportunity to influence key strategic decisions.
- Be part of a respected actuarial team in Randburg .
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