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South Africa: Actuarial Specialist – Product Development (Microinsurance) – Johannesburg – R800 CTC posted by E-Merge

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Job Description

About the Role

We are seeking an experienced Actuarial Specialist – Product Development (Microinsurance) to join our team in Johannesburg. As an Actuarial Specialist, you will be responsible for supporting the design, pricing, and profitability assessment of life and non-life insurance products. You will work closely with underwriting, finance, and product teams to support product structuring, risk management, and client solutions.

Key Responsibilities

  • Support design, pricing, and profitability analysis of life and non-life insurance products
  • Build and maintain actuarial pricing and risk models for new and existing products
  • Analyse experience data including mortality, morbidity, lapse rates, and claims performance
  • Conduct profitability assessments and support product structuring and solutions
  • Perform stress testing and scenario analysis for risk and portfolio management
  • Contribute to risk assessment, underwriting evaluation, and risk mitigation strategies
  • Ensure compliance with regulatory and actuarial standards and support statutory reporting
  • Conduct experience studies to set and update actuarial assumptions
  • Collaborate with underwriting, finance, and product development teams on solutions
  • Present insights and recommendations to senior stakeholders and clients
  • Support continuous professional development and stay updated on industry practices

Requirements

  • Bachelor’s Degree in Actuarial Science, Mathematics, Statistics, or related field.
  • Progress toward completion of actuarial qualification (e.g., IFoA, ASSA, SOA).
  • 3-5 years’ experience in an actuarial or insurance analytics role.
  • Exposure to life and non-life insurance products (advantageous).
  • Experience in pricing, product development, or risk analytics.

Qualifications

No formal education/certifications mentioned.

Salary & Benefits

Cost-to-company of up to R800k per annum, negotiable on experience and ability.

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How to Apply

Click the green “Go Apply” button below to apply directly online with the employer.

About Other IT/Computer Jobs in South Africa

In South Africa, the IT and computer industry is a significant contributor to the country’s economy, with a diverse range of job opportunities available across various sectors. Typically, these roles involve working with technology to drive business growth, improve efficiency, and enhance customer experience. Generally, careers in this field require a strong understanding of technical concepts and a willingness to adapt to changing technologies.

When it comes to salary expectations, it’s common for IT and computer professionals in South Africa to earn broad ranges that can vary significantly depending on factors such as experience, company size, and industry sector. Typically, entry-level positions may offer salaries between R400 000 and R600 000 per annum, while more senior roles can command higher figures, often ranging from R800 000 to R2 million or more, depending on the specific requirements of the job.

Common skills for IT and computer professionals in South Africa typically include proficiency in programming languages such as Java, Python, or C++, as well as experience with operating systems like Windows, Linux, or macOS. Data analysis and visualisation tools like Tableau, Power BI, or D3.js are also often required, particularly in roles involving data science or business intelligence. Additionally, IT professionals should be familiar with cloud computing platforms like AWS, Azure, or Google Cloud, as well as cybersecurity principles to protect against threats. Other essential skills may include project management, collaboration tools like Slack or Trello, and a solid understanding of database management systems.

Industries that commonly employ IT and computer professionals in South Africa include the financial services sector, technology industry, manufacturing sector, and public sector organisations. These sectors often require specialists to design, implement, and maintain complex technological systems, ensuring they operate efficiently and securely.

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Career development opportunities for IT and computer professionals in South Africa are diverse and varied. Typically, entry-level roles provide a solid foundation for progression into mid-tier positions, where professionals can take on more senior responsibilities and develop their technical expertise. With experience, it’s common to move into leadership roles or transition into related fields like data science, artificial intelligence, or cybersecurity. Many companies also offer opportunities for training, certification, and continuing education to support the ongoing development of their employees’ skills and knowledge.


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



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