Actuarial Bursary

This bursary programme offers an excellent opportunity for aspiring actuaries to gain foundational experience within a major financial services organisation. Successful candidates will contribute to various actuarial functions, developing their skills and understanding of how actuarial science supports critical business decisions.

About the role

The programme is designed to introduce individuals to the practical application of actuarial, statistical, and mathematical principles within a corporate environment. Bursary recipients will work under supervision, performing defined tasks related to actuarial modelling, data analysis, and reporting. This hands-on experience will provide exposure to the business context of a large financial institution, helping participants to build essential knowledge and technical skills. You could find yourself assisting teams involved in risk management, product development, pricing strategies, actuarial valuations, or broader financial functions.

As a bursary holder, your responsibilities will involve:

• Undertaking specific actuarial modelling tasks.
• Performing detailed analysis of data.
• Assisting with the generation of actuarial reports.
• Learning about business operations and financial services.
• Supporting actuarial teams in resolving business and financial challenges.
• Applying mathematical and statistical techniques to real-world problems.

Key behavioural competencies that will be developed and utilised include practical problem-solving, clear communication, attention to detail, continuous learning, adaptability, critical thinking, and collaboration. On the technical side, you will engage in data analysis, ensure data integrity, perform quantitative and statistical analysis, and potentially gain exposure to coding.

What they're looking for

This bursary is specifically aimed at individuals who are just beginning their actuarial journey.

• **Qualification:** Currently enrolled in the first year of a Bachelor's degree programme in Actuarial Science.
• **Experience:** While extensive professional experience is not expected, applicants should demonstrate some prior exposure or interest in areas such as actuarial modelling, financial analysis, or quantitative research methods. This could stem from academic projects, personal studies, or any related work.

This type of bursary (or scholarship) in South Africa is highly sought after by students pursuing degrees in specialised fields like actuarial science. Bursaries typically cover tuition fees, study materials, and sometimes provide a stipend for living expenses. In return, the recipient usually commits to working for the sponsoring organisation for a specified period after graduation. Organisations like banks and insurance companies are the primary employers of actuaries in South Africa. A bursary from a leading institution provides a strong start to a career, offering invaluable industry exposure and a potential pathway to full-time employment upon completion of studies.

Type of Qualification: First Degree 
Field of Study: Actuarial Science

Currently enrolled in a First-Degree programme in Actuarial Science

Required Experience:

• Currently in the first year of study in Actuarial Science
• Demonstrated experience or exposure to actuarial modelling, financial analysis, or quantitative research methodologies

Experience Required
Actuarial 

• Currently in the first year of study in Actuarial Science
• Demonstrated experience or exposure to actuarial modelling, financial analysis, or quantitative research methodologies