Actuarial Analyst

Company: Affinity Health Vacancies

Job Overview

Affinity Life Limited is seeking a skilled Actuarial Analyst to join our Actuarial Valuations team. This role supports financial reporting, reserving, capital monitoring, and strategic decision-making, while contributing to the management and development of the data assets that underpin actuarial analysis. The ideal candidate is technically strong, enjoys working with data and models, and is eager to make a meaningful impact on business-critical decisions.

Key Responsibilities

Valuations and Reporting

• Assist in calculating technical provisions and preparing internal valuation reports

• Contribute to documentation of actuarial assumptions and methodologies

• Support experience investigations, assumption setting, and reserve movement analysis

• Assist with regulatory submissions and statutory returns (QRT, ORSA)

Actuarial Data Management

• Maintain and enhance the actuarial data warehouse

• Ensure data quality, integrity, and consistency across datasets

• Analyse large datasets to identify trends and anomalies

• Create and monitor data validation metrics

• Build and maintain extract, transform, and load (ETL) processes from core business systems

Modelling and Analysis

• Work with actuarial models to produce forecasts, stress tests, and scenario analyses

• Maintain and update models used for reserving and forecasting

• Provide analytical support for product reviews, business planning, and risk-based assessments

• Analyse the financial impact of business decisions, product changes, or external events

Communication and Collaboration

• Present results clearly to both technical and non-technical stakeholders

• Prepare reports and presentations for senior management and committees

• Liaise with finance, auditors, external actuarial functions, risk, and business operations to align data and reporting

Candidate Requirements

Minimum Qualifications

• Bachelor’s degree in Actuarial Science or related field (SAQA-accredited)

• Progress toward actuarial qualification with ASSA or other recognised actuarial body (exemptions or subjects passed)

Experience

• Minimum 2 years’ actuarial work experience in life insurance, including financial reporting and valuations

• Exposure to SAM, IFRS 17, or other regulatory frameworks is preferred

Skills and Competencies

• Strong analytical and problem-solving skills

• Proficient in Excel, SQL, and actuarial modelling using R or Python

• Excellent organisational and project management skills

• Detail-oriented with commitment to accurate documentation

• Ability to work to deadlines in a fast-paced environment

• Strong communication skills for presenting technical concepts to non-technical stakeholders

Personal Attributes

• Self-motivated, proactive, and collaborative

• Committed to continuous professional development and high-quality work

• Adaptable to dynamic business and regulatory requirements