Senior Actuarial Analyst

SUMMARY:
Senior Actuarial Analyst

POSITION INFO:
Role: Senior Actuarial Analyst Category: Insurance Location: Sandton Salary: Market-related Our client is seeking a dynamic Senior Actuarial Analyst to provide technical actuarial support and coach\/mentor junior analysts within their Short-Term Insurance (STI) Actuarial team. In this role, you will leverage statistical models to analyze data, calculate risk probabilities, and evaluate financial outcomes while delivering actionable insights directly to business stakeholders. Key Responsibilities: Business Requirements & Stakeholder Engagement: Identify root-cause business requirements, develop clear technical solutions, and maintain proactive communication with internal actuarial and external business stakeholders. Data Collection & Reconciliation: Extract, verify, and reconcile complex data across multiple sources against credible financial benchmarks, ensuring sign-off from the Technical Manager before modeling. Actuarial Modeling & Deployment: Develop, maintain, and monitor fit-for-purpose actuarial models. Conduct sensitivity and impact analyses to translate pricing changes into business insights regarding profitability and policy growth across various distribution channels. Insights & Reporting: Translate model performance and monitoring results into clear, accessible insights for business decision-making and presentation to actuarial management. Mentorship & Leadership: Mentor and coach junior analysts on technical actuarial practices, data cleaning, aggregation, and model building. Translate organizational goals into actionable local team plans. Continuous Improvement & Innovation: Research and implement modern modeling techniques, feature engineering, and efficient data processes to continuously enhance model accuracy. Compliance: Ensure strict adherence to organizational policies, relevant regulatory codes, and the professional standards set by the Actuarial Society of South Africa (ASSA). Requirement: Degree: Bachelor's or Honours degree in Actuarial Science or a related quantitative field (Essential). Professional Progression: Qualified Actuary or making solid, steady progression toward an actuarial qualification (Essential). Industry Experience: Minimum of 2+ years of actuarial experience within a Short-Term Insurance (STI) environment (Essential). Supervisory Experience: 1+ years of experience in supervising, coaching, or mentoring junior team members (Essential). Strong proficiency in actuarial and statistical modeling software, data mining, and advanced Microsoft Office. Deep foundation in advanced mathematical and statistical concepts, financial modeling, and data management. Excellent verbal, written, and presentation skills with the ability to communicate complex concepts to non- actuarial audiences. Action-oriented problem solver skilled at managing complexity, ambiguity, and multi-stakeholder expectations.