Actuarial Analyst

Job Description

Join the innovative Miway Actuarial: Rewards team, where we are committed to creating a market leading rewards programme that benefits our clients and our company. We go beyond the scope of traditional actuarial work and use our actuarial and statistical knowledge in new ways to price, reserve for and monitor our rewards programme. The deliverables for this role will often come without step-by-step instructions but will rely on the team’s resourcefulness and resilience to achieve success. 

Minimum Qualification

•    Bachelor’s degree in Actuarial Science

What will make you successful in this role?

Minimum Experience
•    2 Years in an actuarial field
Deliverables include, but will not be limited to
•    Model Development and Optimisation: You will play a key role in the creation and refinement of models for rewards pricing, reserving, actual vs expected analysis, and forecasting.
•    Monitoring and feedback: Once the reward programmes are designed and launched, you will play the lead role in monitoring its benefits for our clients and for Miway. You will use your modelling skills to create efficient, automated reporting and monitoring systems. You will use this data to inform our forecasting model and provide management information using software such as Power BI.
•    Stakeholder engagement: As part of monitoring and maintenance, you will engage with various internal teams, especially the Miway development team, helping them to design and test new features. 
•    Data Management with Python and SQL: Utilize Python and SQL (Oracle and MS SQL Server) to build and maintain robust data tables and infrastructure.

Competencies Required

We are looking for a talented individual who possesses a unique blend of skills and qualities to thrive in this dynamic role:

•    Learning agility and resourcefulness: The kind of person that says: “I don’t know how, but I’ll figure it out.” You have the ability and willingness to learn from experience and then apply that learning to perform successfully in new or first-time situations. You often do research to help find quick and clever ways to overcome difficulties.

•    Resilience: You are not afraid to experiment with new ideas or solutions and have the capacity to recover quickly from setbacks.

•    Analytical and Critical Thinking: A naturally curious individual who enjoys delving deep into data, you are adept at analysing complex information, identifying patterns, and making data-driven decisions.

•    Attention to Detail: You have a keen eye for detail, ensuring accuracy and precision in all your work. This quality is essential for the intricate nature of actuarial analysis and model development.

•    Programming Skills: Proficiency in programming languages and platforms such as SQL Server, Oracle, Python, or R is highly beneficial. This skill set will aid in developing and maintaining our tools and models.

•    Agility and Adaptability: The ability to adapt to changing business needs and priorities is vital. You should be agile and flexible, capable of shifting focus in response to evolving business requirements.

•    Collaborative and Independent Work Ethic: While you should be capable of working autonomously, demonstrating self-motivation and initiative, you must also be an effective team player, able to collaborate with colleagues and contribute to group projects.

•    Communication Skills: Strong verbal and written communication skills are essential for liaising with various stakeholders, explaining complex ideas clearly, and documenting work processes.

Work Location
The Miway Actuarial team is based primarily in Kosmosdal, Centurion. Permanent remote working will be considered. 

Knowledge and Skills

Personal Attributes

Build a successful career with us

We’re all about building strong, lasting relationships with our employees. We know that you have hopes for your future – your career, your personal development and of achieving great things. We pride ourselves in helping  our employees to realise their worth. Through its five business clusters – Sanlam Fintech, Sanlam Life and Savings, Sanlam Investment Group, Sanlam Allianz, Santam, as well as MiWay and the Group Office – the group provides many opportunities for growth and development.

Core Competencies

Turnaround time

The shortlisting process will only start once the application due date has been reached. The time taken to complete this process will depend on how far you progress and the availability of managers. Deadline to apply: 01 July 2025.

Our commitment to transformation