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:
Looking to jump-start your actuarial career? We have an exciting opportunity for a Short-Term Pricing actuarial Analyst to join our dynamic team!
1 day ago


Actuarial Specialist
Location: Johannesburg
Salary:
Looking to jumpstart your actuarial career? We have an exciting opportunity for a Short-Term Pricing actuarial Analyst to join our dynamic team!
1 day ago


Actuarial Specialist
Location: Cape Town
Salary: 600 000 Annually
Calling all actuarial specialists in Cape Town! Do you excel at turning complex data into actionable insights? Are you ready to make a significant impact in the life insurance industry? If you have a passion for actuarial science and product management, we want you to join the team.
7 days ago


Actuarial Specialist
Location: Cape Town
Salary: 600 000
Join Our Team as an actuarial specialist in Cape Town! Are you an innovative thinker with a passion for numbers and product management? Do you have a keen eye for detail and the drive to excel in the actuarial field? If so, we have the perfect opportunity for you!
12 days ago


Actuarial Specialist
Location: Johannesburg
Salary:
Are you a skilled Actuary specializing in life valuations, and seeking a new challenge?
14 days ago


Life Actuarial Specialist
Location: Johannesburg
Salary: 600 000
We're on the lookout for an actuarial specialist to join one of the strongest Life Insurance Valuations teams in the country! If you're passionate about driving innovation and excellence, while upholding the highest standards of integrity and professionalism, this opportunity is for you.
21 days ago


Actuarial Specialist
Location: Cape Town
Salary:
Are you an ambitious actuarial professional with a passion for pricing strategies?
21 days ago


Actuarial Specialist
Location: Johannesburg
Salary:
Are you an ambitious actuarial professional with a passion for pricing strategies?
21 days ago


Actuarial Specialist
Location: Johannesburg
Salary:
Are you a skilled Actuary specializing in life valuations, and seeking a new challenge?
21 days ago


Actuarial Specialist
Location: Cape Town
Salary: 500 000
We are seeking an actuarial Analyst to join our client’s team in Johannesburg. The role demands keen attention to detail and encompasses a range of actuarial responsibilities, including compliance work, business analysis, and process improvement.
23 days ago