Careers24: Junior Actuary in Johannesburg

Website Tumaini Consulting

Junior Actuary/Actuarial Graduate – Johannesburg

Salary: R35,000.00 – R37,500.00 Per Month | Job Type: Permanent | Sectors: Banking Investment Finance | Reference: 2085937 | Apply before Jan 15, 2024 | 60 Days left

Vacancy Details Employer: Tumaini Consulting

Are you a dynamic and ambitious individual with a passion for numbers and analytics? Tumaini Consulting is actively seeking a Junior Actuary/Actuarial Graduate to join our esteemed organization. This is a unique opportunity for a talented individual to apply their analytical skills and mathematical acumen to drive informed business decisions within our diverse and innovative team. As a Junior Actuary, you will collaborate closely with our experienced actuarial professionals, contributing to various projects and gaining invaluable hands-on experience in the field.

A Junior Actuary holds a crucial role within an organization, particularly in sectors such as banking, investment, and finance. This position is designed for individuals who have recently graduated with a bachelor’s degree in actuarial science, mathematics, statistics, or a related field. The primary objective of a Junior Actuary is to contribute to the analysis and interpretation of complex data, applying mathematical and statistical models to help the organization make informed business decisions.

Key Responsibilities:

  1. Collaboration with Senior Actuaries: Junior Actuaries work closely with experienced professionals in the actuarial field. This collaborative environment allows them to learn from seasoned experts and gain practical experience in real-world projects.
  2. Data Analysis: Junior Actuaries are responsible for applying mathematical and statistical techniques to analyze data sets. This involves interpreting patterns, trends, and outliers to derive meaningful insights that inform decision-making processes.
  3. Programming Skills: Proficiency in programming languages such as R, Python, or SQL is a key requirement. Junior Actuaries use these skills to develop and enhance analytical models, automate processes, and extract valuable information from large datasets.
  4. Model Development: Contributing to the development and enhancement of actuarial models is a fundamental aspect of the role. This includes designing and refining models to accurately represent the financial risks and uncertainties faced by the organization.
  5. Communication of Findings: Junior Actuaries must possess effective communication skills to convey their findings and recommendations to the broader team. This involves translating complex mathematical concepts into understandable insights that can guide strategic decision-making.
  6. Continuous Learning: Actuarial science is a dynamic field, and Junior Actuaries are expected to engage in continuous learning. Staying abreast of industry trends, regulatory changes, and advancements in actuarial techniques is essential for professional growth in this role.

Qualifications and Skills:

  • A bachelor’s degree in actuarial science, mathematics, statistics, or a related field is a foundational requirement.
  • Possession of 6 or more ASSA exemptions from the Actuarial Society of South Africa demonstrates a strong academic foundation.
  • Strong mathematical and analytical skills are essential for interpreting and manipulating complex datasets.
  • Proficiency in programming languages, especially R, Python, or SQL, is necessary for effective data analysis and model development.
  • A solid understanding of actuarial concepts and techniques is crucial for success in this role.
  • Excellent problem-solving and critical-thinking abilities are required to address the intricate challenges of the position.
  • Attention to detail and accuracy are emphasized to ensure precision in data analysis and model development.
  • Effective communication and interpersonal skills are important for collaborating with team members and presenting findings.

Qualifications and Skills:

1. Academic Background:

  • Bachelor’s degree in actuarial science, mathematics, statistics, or a related field.

2. Professional Credentials:

  • 6+ ASSA (Actuarial Society of South Africa) Exemptions.

3. Technical Proficiency:

  • Strong mathematical and analytical skills.
  • Proficiency in programming languages such as R, Python, or SQL.

4. Knowledge Base:

  • In-depth understanding of actuarial concepts and techniques.

5. Problem-Solving and Critical Thinking:

  • Excellent problem-solving and critical-thinking abilities.

6. Attention to Detail:

  • Strong attention to detail and accuracy.

7. Communication Skills:

  • Effective communication and interpersonal skills.

8. Team Collaboration:

  • Ability to work well in a team environment.


As a Junior Actuary at Tumaini Consulting, you will be responsible for:

  • Collaborating with senior actuarial professionals on various projects.
  • Applying mathematical and statistical techniques to analyze data and provide insights.
  • Utilizing programming languages such as R, Python, or SQL to enhance analytical processes.
  • Contributing to the development and enhancement of actuarial models.
  • Communicating findings and recommendations effectively within the team.

Tumaini Consulting: Shaping Futures through Expert Financial Guidance

Tumaini Consulting, the employer behind the Junior Actuary/Actuarial Graduate position, is a dynamic and forward-thinking organization in the heart of Johannesburg. Specializing in recruitment and consultancy services within the finance and related sectors, Tumaini Consulting has established itself as a trusted partner for businesses and professionals alike.

Key Attributes of Tumaini Consulting:

  1. Industry Focus: Tumaini Consulting has a strong focus on the banking, investment, and finance sectors. This specialization allows the company to develop deep expertise and a comprehensive understanding of the unique challenges and opportunities within these industries.
  2. Recruitment Expertise: As a recruitment-centric firm, Tumaini Consulting excels in identifying and placing top-tier talent in roles that span the financial landscape. The company’s commitment to excellence in recruitment is evident in its meticulous candidate selection process and dedication to matching the right professionals with the right opportunities.
  3. Innovation and Dynamism: Tumaini Consulting thrives on innovation and adaptability. In an ever-evolving business landscape, the company is agile and forward-thinking, embracing new technologies and methodologies to stay at the forefront of the industry.
  4. Collaborative Culture: The company fosters a collaborative and inclusive culture, promoting teamwork and knowledge-sharing among its employees. This collaborative environment ensures that each team member, including Junior Actuaries, benefits from the collective expertise of the organization.
  5. Commitment to Professional Development: Tumaini Consulting recognizes the importance of continuous learning and professional development. This commitment is reflected in the opportunities provided for employees to enhance their skills, stay updated on industry trends, and grow within their respective roles.
  6. Client-Centric Approach: Tumaini Consulting places a strong emphasis on understanding the unique needs of its clients. By adopting a client-centric approach, the company ensures that it delivers tailored solutions that meet the specific requirements of businesses operating in the financial sector.

How Tumaini Consulting Supports Junior Actuaries:

  • Mentorship: Junior Actuaries at Tumaini Consulting benefit from mentorship programs where they can learn from seasoned professionals within the organization. This mentorship contributes to their professional growth and integration into the team.
  • Professional Growth Opportunities: Tumaini Consulting provides a platform for Junior Actuaries to not only apply their academic knowledge but also to grow within the actuarial field. The exposure to diverse projects and collaboration with experienced professionals enables them to expand their skills and advance in their careers.
  • Team Collaboration: The company values teamwork, and Junior Actuaries are encouraged to collaborate with senior professionals. This collaborative culture ensures that ideas are shared, expertise is leveraged, and the entire team works cohesively towards achieving common goals.
  • Recognition of Excellence: Tumaini Consulting acknowledges and rewards excellence. Outstanding contributions by Junior Actuaries are recognized, fostering a culture of achievement and motivating individuals to excel in their roles.

How to Apply:

If you possess the qualifications and skills outlined above and are excited about the prospect of contributing to our dynamic team, we invite you to apply for this position. Please submit your application with transcripts to [email protected] before the application deadline on Jan 15, 2024.

For more information, you can contact our team at XXX-XXXX or visit our website, Please note that correspondence will only be conducted with shortlisted candidates. If you do not receive a response within 3 days, kindly consider your application unsuccessful.

Official Contact: Tumaini Consulting Email: [email protected] Phone: XXX-XXXX Website: Address: [Insert Address]

Join Tumaini Consulting and embark on a rewarding journey where your analytical prowess will contribute to shaping the future of our dynamic organization. We look forward to welcoming a passionate and skilled Junior Actuary to our team. Apply now!

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