Job Description
About the Role
Network Finance is seeking a highly skilled Actuarial Analyst – Business Optimization to join our team in Midrand. As an Actuarial Analyst, you will play a crucial role in analyzing insurance portfolio trends and providing insights to inform business decisions. You will work closely with various stakeholders to identify operational inefficiencies, build data models for forecasting, and support the development of pricing experience studies.
Key Responsibilities
- Analyse insurance portfolio trends including claims, premiums, risk mix, cancellations, and sales behaviour.
- Build dashboards and MI reports using Power BI, SQL, and Excel.
- Validate actuarial and business data used for reporting and decision-making.
- Support identification of operational inefficiencies using analytics.
- Build and maintain data models for forecasting and operational reporting.
- Investigate anomalies and unexpected trends, including rootcause analysis.
- Conduct trend investigations (e.g., hijacking, fire/theft, frequency).
- Collaborate with IT and data engineering teams to enhance data quality.
- Assist with automation and improvement of reporting processes.
- Monitor KPIs across underwriting, pricing, claims, and operations.
- Prepare insight summaries and presentations for management.
- Assist the actuarial team with data extraction, cleaning, and reconciliation.
- Document data flows, business rules, and processes for audit purposes.
- Support basic pricing experience studies (frequency and severity).
- Assist with reserving data preparation and triangulation checks.
- Provide analytical support for strategic and operational projects.
- Integrate new data sources into reporting frameworks.
- Conduct competitor benchmarking and market research.
- Assist with business cases for new initiatives or enhancements.
- Monitor economic, regulatory, and industry trends impacting the portfolio.
- Build models supporting parts sourcing, cost efficiency, and supplier performance.
- Develop vehicle assessment models for pricing, sales channels, and refurbishment decisions.
Job Experience and Skills Required
### Education:
- Undergraduate degree in Actuarial Science
### Experience:
- 0–2 years’ experience (short-term insurance exposure advantageous)
### Skills:
- SQL
- VBA
- Power BI
- Emblem
- Radar (advantageous)
- Strong Excel and analytical capability essential
How to Apply
Click the green “Go Apply” button below to apply directly online with the employer.
About Other IT/Computer Jobs in Gauteng
The IT and computer industry is one of the most dynamic and growing sectors in Gauteng, with a thriving job market that offers a wide range of opportunities for career advancement.
In terms of salary ranges, IT professionals in Gauteng can expect to earn anywhere from R800 000 per annum for junior positions to over R2 million for senior executives. The average salary for software engineers is around R1.5 million, while data analysts can earn between R900 000 and R1.2 million. With experience and skills, IT professionals in Gauteng can expect significant salary increases, with some roles offering bonuses and benefits that can increase their overall remuneration.
To succeed in the IT industry in Gauteng, candidates need to possess a range of key skills, including programming languages such as Java, Python, and C++, as well as experience with databases, cloud computing, and cybersecurity. Strong problem-solving skills, attention to detail, and excellent communication skills are also essential for success in this field. Additionally, knowledge of ITIL (Information Technology Infrastructure Library) and Agile methodologies can be highly valued by employers.
Several major companies and industries in Gauteng are currently hiring IT professionals, including technology firms such as Microsoft, IBM, and Oracle, as well as banks and financial institutions like Standard Bank and Nedbank. The finance industry is also a significant employer of IT staff, with roles ranging from software development to data analytics and cybersecurity.
Career growth opportunities are abundant in the IT industry in Gauteng, with many companies investing heavily in employee training and development programs. With experience and skills, IT professionals can move into senior leadership positions or start their own businesses, while also pursuing further education and certifications. The Johannesburg Stock Exchange (JSE) is also a significant employer of IT staff, with roles ranging from software development to data analytics and cybersecurity.
Overall, the IT industry in Gauteng offers a wide range of exciting career opportunities for job seekers with the right skills and experience. With salaries that are competitive with those offered by major companies globally, there has never been a better time to pursue a career in this dynamic and rapidly evolving field.
This information provides general career guidance. Actual salaries and requirements vary by employer.
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