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Actuary

Use mathematics and statistics to assess financial risk.

business Office payments Avg: R95,000

description Overview

Actuaries work mainly in insurance, pensions, and finance. In SA, actuaries are in demand in life insurance, short-term insurance, and consulting.

**A Day in the Life:**
Building risk models, analysing claims/experience, and communicating results to decision-makers.

schedule A Day in the Life

08:30

Model updates / data analysis

10:30

Risk assumptions & scenario testing

13:00

Stakeholder discussions

15:30

Reporting & documentation

trending_up Career Path

Step 1

Actuarial Analyst

0-3

Step 2

Actuary

3-7

Step 3

Senior Actuary

7-12

Step 4

Head of Actuarial

12+

Vital Statistics

Salary Range

R 45,000 - R 180,000

Soft Skills