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Johannesburg: Actuarial Specialist: Microinsurance

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Job Description

What you will be doing: Collect, analyse, and interpret data to support actuarial functions. Prepare reports and presentations for internal and external stakeholders. Analyse mortality, morbidity, lapse rates, and performance metrics for life and non-life insurance products. Assist in the development and pricing of new insurance products. Develop pricing models for life and non-life insurance products. Conduct profitability analyses and support deal structuring. Identify, assess, and manage risks associated with insurance products. Support the development of risk mitigation strategies, stress testing, and scenario analysis. Evaluate underwriting risks for non-life insurance policies. Ensure compliance with actuarial standards and regulatory requirements. Prepare statutory reports for life insurance products and ensure non-life products comply with local regulations. Conduct experience studies to inform assumptions used in pricing, reserving, and risk management. Analyse historical data to set assumptions and review claims and exposure data for non-life insurance products. Work closely with underwriting, finance, and product development teams. Communicate actuarial findings and recommendations effectively to senior management. Present insurance risk assessments and assist in refining underwriting guidelines. Stay updated with industry trends, actuarial techniques, and regulatory changes. Participate in relevant actuarial exams and training sessions. What we are looking for: Bachelors Degree in Actuarial Science, Mathematics, Statistics, or related field. Making good progress towards an Actuarial qualification. 3 – 5 years experience within the financial services industry 35 years working experience in an actuarial role, ideally with exposure to life and non-life insurance. Experience in pricing, product development, and risk management. Strong analytical, innovative, and collaborative skills. Excellent written and verbal communication skills. Please note if you do not hear from us within 3 weeks, please consider your application unsuccessful. Follow for the Latest Vacancies Join Psybergate Careers Channel here:

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About Accounting / Finance Jobs in Gauteng

In Gauteng, South Africa, the accounting and finance industry is a significant sector, offering various career opportunities for professionals with the right skills and qualifications. Typically, this field is driven by the growth of multinational corporations and local businesses in industries such as technology, financial services, and manufacturing. As a result, job seekers can expect to find a diverse range of roles available, from entry-level positions to senior leadership roles.

When it comes to salary expectations, accounting and finance professionals in Gauteng can generally expect to earn salaries that fall within broad ranges. Typically, salaries for entry-level roles start around R400 000 – R600 000 per annum, while more senior roles can command salaries ranging from R1 million to over R3 million per annum, depending on factors such as experience, company size, and industry sector. However, it’s essential to note that these are broad ranges, and actual salaries may vary widely.

Common skills required for accounting and finance roles in Gauteng include strong technical knowledge of financial management principles, analytical and problem-solving skills, attention to detail, effective communication skills, and proficiency in financial software and systems. Additionally, many employers also value candidates with experience in budgeting, forecasting, and financial analysis. In some cases, a degree or diploma in accounting, finance, or a related field may be required.

Industries that commonly employ accounting and finance professionals in Gauteng include the financial services sector, technology industry, manufacturing sector, and public sector entities. These sectors require skilled professionals to manage their finances, prepare budgets, and provide strategic guidance on financial matters. Job seekers can expect to find opportunities across these sectors, from small businesses to large multinational corporations.

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For those interested in pursuing a career in accounting or finance, there are many development opportunities available. Typically, professionals in this field can progress to senior roles, such as financial manager or director of finance, after gaining relevant experience and developing their skills. Additionally, many employers offer training programs and mentorship opportunities to support the career development of their employees.


This information provides general career guidance. Actual salaries and requirements vary by employer.



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