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Actuarial Analyst

Model risk and pricing using statistics to support insurance and financial decision-making.

payments Avg: R65,000

description Overview

Actuarial Analysts use mathematics and statistical models to price products, assess risk, and support reserving and forecasting. Common in life insurers, short-term insurers, and consulting.

**A Day in the Life:**
Data preparation, modelling, validation, and presenting insights to business stakeholders.

schedule A Day in the Life

08:30

Prepare datasets and validate assumptions

10:30

Build/update pricing or reserving models

13:00

Analyse results and stress scenarios

15:30

Document findings and present to stakeholders

trending_up Career Path

Step 1

Actuarial Graduate

0-2

Step 2

Actuarial Analyst

2-5

Step 3

Senior Actuarial Analyst

5-8

Step 4

Actuary / Head of Actuarial

8+

Vital Statistics

Salary Range

R 35,000 - R 120,000

Soft Skills

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Technical Skills

table_chart Advanced Excel (Power Query/Pivots) policy AML / KYC gavel IFRS Fundamentals payments Payroll Systems request_quote Sage/Pastel Accounting public SARS eFiling Basics receipt_long VAT Basics