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: Johannesburg
Salary: Market related
My client is looking for a driven and passionate problem solver to join their growing Structuring & Solutions team. If you are interested in life insurance product pricing, we would love to hear from you!
4 days ago

Actuarial Specialist
Location: Cape Town
Salary:
We are seeking a highly skilled and motivated Short-Term Pricing actuarial specialist to join our dynamic team for a permanent opportunity
5 days ago

Actuarial Specialist
Location: Johannesburg
Salary:
We are seeking a highly skilled and motivated Short-Term Pricing actuarial specialist to join our dynamic team for a fixed-term opportunity.
5 days ago

Actuarial Specialist
Location: Johannesburg
Salary:
actuarial Professionals: Your Next Big Career Move Awaits! ðWe’re looking for a Valuations specialist to make waves in the life insurance space. If you're passionate about IFRS 17, solvency calculations, and actuarial modeling, this role is your chance to shine!
5 days ago

Actuarial Specialist: Financial Reporting
Location: Johannesburg
Salary: Market-Related
actuarial specialist: Financial Reporting in Johannesburg
12 days ago

Actuarial Specialist | Cape Town
Location: Capetown
Salary: Market-Related
actuarial specialist | Cape Town
60 days ago

Actuarial Specialist | Centurion
Location: Centurion, Gauteng
Salary: Market-Related
actuarial specialist | Centurion
60 days ago

Actuarial Specialist
Location: Centurion, Gauteng
Salary: Market-Related
Job Opportunity: actuarial specialist - Gauteng Province
68 days ago

Junior Actuarial Specialist
Location: Johannesburg
Salary: R972 000 Per Annum
Drive Innovation and Shape the Future as a Junior actuarial specialist
61 days ago

Actuarial Pricing Specialist
Location: Pretoria
Salary: Market Related
Exciting Opportunity for Actuaries – Become an actuarial Pricing specialist!
62 days ago