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 Pricing Analyst
Location: Johannesburg
Salary: Market-Related
actuarial Pricing Analyst - Johannesburg
36 days ago


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Today


Pricing & Product Structuring
Location: Johannesburg
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Pricing & Product Structuring Are you a nearly or newly qualified actuary with a passion for solving complex problems? Join a dynamic and growing Structuring & Solutions team within a leading life insurance provider. This is your opportunity to work on technical pricing and deal structuring, develop innovative life insurance solutions, and engage directly with clients and internal tea...
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Senior Corporate Actuarial Analyst (Life & Non-Life)
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Are you a seasoned actuarial Analyst ready to elevate your career and make strategic impact? Join one of South Africa’s leading financial services providers in a high-profile role supporting both life and non-life insurance portfolios. This is your chance to get closer to executive decision-making, regulatory strategy, capital optimisation, and real-world reserving – all in one powerho...
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