Actuarial Specialist

 

Do you have friends and family who refer to you as self-motivated and aptly able to assess outcomes based on risk? Where have you been? A career as an actuarial specialist might just be for you.

What is a Actuarial Specialist?

An Actuarial Specialist's function is to evaluate possible risks of a company's outcomes or situations using mathematics, statistics and financial theories. They also design business strategies and insurance policies to lower a company's financial risks.

 

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Actuarial Specialist Job Description

Actuarial Specialist Job Overview

As an actuarial analyst, you'll work with large data sets to answer questions such as how much risk a specific product or service has or how many people will use it. You'll develop models, run simulations and analyse results to help improve business decisions.

Responsibilities of a Actuarial Specialist

The specific duties of an actuary vary by employer, but typical responsibilities include:

• Using statistical analysis techniques such as regression analysis and time series analysis on large data sets
• Developing models for pricing financial products such as life insurance policies and fixed annuities
• Support all aspects of insurance operations, including product development, pricing and underwriting;
• Modelling cash flows, risk exposure and portfolio performance over time
• Determining the probability of future events based on historical experience
• Create reports regarding various aspects of insurance coverage (e.g., premium analysis) for internal use by management or external use by clients

Qualifications to be an Actuarial Specialist

• Bachelor's degree in finance, actuarial science, statistics, business, mathematics, economics
• Experience as an Actuarial
• Robust skills in actuarial mathematics, with vast knowledge in probability theory, mathematics, investment theory and statistics
• Outstanding interpersonal and communications skills; interpret and share complex and challenging topics with colleagues and stakeholders in simple, easy-to-understand language
• Creative problem-solving skills, research and analytical skills
• Expert IT skills

Search jobs similar to this role and find your dream job! Happy hunting.

 

Actuarial Specialist Jobs currently open:

Actuarial Specialist
Location: Cape Town
Salary:
Be part of something new; something impactful. This is an exciting opportunity for a qualified or nearly qualified Actuary to take a front-row seat in building a new actuarial function from the ground up. If you're entrepreneurial at heart and ready to shape the direction of actuarial work in a fast-paced, professional environment, then this could be the role for you.
23 days ago


Actuarial Specialist
Location: Johannesburg
Salary:
Brief DescriptionA leading provider of alternative risk transfer solutions is looking for a versatile actuarial specialist to join its dynamic pricing team. This role offers the rare opportunity to work across both life and short-term insurance lines, contributing to innovative and tailor-made insurance structures that go beyond traditional models.
25 days ago


Actuarial Analyst
Location: Cape Town
Salary:
Are you a qualified or nearly qualified Actuary looking to shape your career in a high-growth, entrepreneurial environment? This is your opportunity to be part of an ambitious and emerging actuarial team at the ground level, with direct access to impactful work across a wide range of clients and sectors. You'll work alongside dynamic audit and advisory professionals to deliver strategic actuarial ...
29 days ago


Head of Collections – Home Loans | Strategy Meets Impact
Location: Johannesburg
Salary:
Head of Collections – Home Loans | Strategy Meets Impact Are you a fearless leader with a sharp edge in credit risk and collections strategy? Ready to take charge of a high-impact portfolio in the secured lending space? We’re looking for a Head of Collections (Home Loans) to lead the charge in managing, recovering, and rehabilitating distressed assets—driving both performance and...
1 day ago


Senior Data Scientist – Research & Strategy Focus
Location: Pretoria
Salary:
Are you a seasoned Data Scientist with a strong foundation in research methodology and a passion for solving real-world problems with data-driven strategies? We’re looking for a dynamic and detail-oriented individual who can lead from the front—designing smart solutions, conducting powerful statistical analysis, and transforming insights into action.
3 days ago


Strategic Data Analyst (Power BI & Research Specialist)
Location: Pretoria
Salary:
We’re on the lookout for a sharp, analytical mind, with a strong research background and a flair for Power BI, to join a forward-thinking team. If you thrive on solving business problems with data, love strategic thinking, and can confidently present insights that move the dial, then this is for you.
5 days ago


Modeller - Credit Risk
Location: Centurion
Salary:
Are you ready to turn data into decisions? Join a forward-thinking lending team as a Credit Risk Modeller—where your analytical expertise will help shape smarter, faster, and more accurate credit decisions across both consumer and merchant portfolios.
5 days ago


Short-Term Actuary
Location: Midrand
Salary:
Are you a problem-solver at heart with a passion for pricing, reserving, and short-term insurance strategy? Do you want the flexibility of a hybrid work model while still being hands-on in shaping product, risk, and business decisions? A leading player in the Insurance industry is looking for a Short-Term Actuary, with a strong focus on pricing, to join their high-performing actuarial team. This i...
5 days ago


Predictive Modeller
Location: Johannesburg
Salary:
We’re Not Just Predicting the Future—We’re Building It. Are You In?
5 days ago


Head of Product Economics – Vehicle & Asset Finance (VAF)
Location: Johannesburg
Salary:
Are you a commercially-savvy problem solver who thrives at the intersection of data, credit, and product performance? We’re looking for a strategic powerhouse to lead product economics for a high-impact Vehicle and Asset Finance portfolio. This is your opportunity to step into a critical leadership role—where pricing meets purpose and decisions drive real-world results.
5 days ago