Senior Actuarial Analyst Job Vacancy in Rose Hill, Mauritius – Insurance

Job Description

Position: Senior Actuarial Analyst

Company: AXA Insurance Mauritius

Location: Rose Hill, Mauritius

Experience: 5-7 years

Education: Master’s degree in Actuarial Science, Mathematics, Statistics or related field

Employment Type: Full-time

Industry: Insurance

Department: Actuarial & Risk Management

Salary: SSP 800,000 – 1,200,000 per annum

Vacancies:1

Company Overview

AXA Insurance Mauritius is a leading provider of comprehensive insurance solutions across the island, backed by the global expertise of the AXA Group. With a strong commitment to innovation, customer centricity, and sustainable growth, AXA Mauritius has built a reputation for delivering reliable life, health, and general insurance products to individuals and businesses alike. As part of a multinational network, the company offers a dynamic work environment that encourages professional development, diversity, and community engagement. This role contributes directly to AXA’s strategic vision of strengthening risk management capabilities and supporting the financial stability of its clients, making it an attractive opportunity for professionals seeking a challenging career in the insurance sector. The position aligns with the broader goal of creating high‑quality Mauritius Jobs and supports the nation’s ambition to become a hub for financial services excellence.

Job Overview

The Senior Actuarial Analyst will lead the design, development, and validation of actuarial models that underpin product pricing, reserving, and capital adequacy assessments. Working closely with underwriting, finance, and risk teams, the analyst will provide data‑driven insights that shape product strategy and ensure regulatory compliance. This role is pivotal in enhancing AXA’s analytical capabilities, supporting strategic decision‑making, and delivering value to policyholders. Candidates will engage with cross‑functional stakeholders, mentor junior analysts, and contribute to thought leadership within the Actuarial & Risk Management department. The position offers a platform to influence the future of insurance in Mauritius, reinforcing AXA’s reputation as an employer of choice for top talent. For more information, visit Mauritius Job Search. This posting is part of our ongoing Hiring in Mauritius initiative, targeting skilled professionals eager to advance their careers through challenging and rewarding work.

Key Responsibilities

• Develop and maintain stochastic and deterministic actuarial models for life and health insurance products.
• Perform pricing analysis, profitability assessments, and scenario testing to support new product launches.
• Prepare statutory and regulatory reports, ensuring compliance with the Financial Services Commission (FSC) guidelines.
• Collaborate with underwriting and finance teams to refine assumptions, improve data quality, and optimize risk selection.
• Lead the preparation of quarterly and annual reserving calculations, including sensitivity analyses.
• Mentor junior actuarial staff, providing guidance on technical methods and professional development.
• Present analytical findings to senior management and external auditors in clear, concise formats.
• Stay abreast of industry trends, emerging risks, and regulatory changes affecting the insurance market in Mauritius.

Required Skills

• Advanced proficiency in actuarial software such as Prophet, MoSes, or GGY AXIS.
• Strong command of statistical programming languages (R, Python, SAS).
• Excellent quantitative and analytical abilities with a focus on detail.
• Effective communication skills for translating complex models into business insights.
• Ability to work independently and as part of multidisciplinary teams.
• Project management experience, including timeline and stakeholder coordination.
• Knowledge of Mauritian insurance regulations and international accounting standards (IFRS 17).

Education

A recognized actuarial qualification (e.g., IFoA, CAS) is essential, complemented by a Master’s degree in Actuarial Science, Mathematics, Statistics, or a related quantitative discipline. Continuous professional development through actuarial exams and industry certifications is highly valued.

Experience

Applicants should possess 5‑7 years of relevant experience in actuarial modeling, preferably within life or health insurance. Experience in a multinational insurance environment and exposure to both product development and reserving functions will be considered a strong advantage.

Salary

The compensation package ranges from SSP 800,000 to 1,200,000 annually, commensurate with experience and qualifications. The package includes performance‑based bonuses, health insurance, and a retirement savings plan.

Benefits

• Comprehensive medical and dental coverage for employees and dependents.
• Generous paid leave, including annual, sick, and parental leave.
• Retirement savings scheme with employer matching contributions.
• Employee assistance program and wellness initiatives.
• Flexible working arrangements and remote work options where applicable.

Training

• Support for actuarial exam fees and study materials.
• Access to internal and external professional development workshops.
• Mentorship programs with senior actuaries and industry experts.
• Opportunities to attend international conferences and seminars.

Working Environment

AXA Mauritius offers a collaborative, inclusive, and technology‑enabled workplace. The office in Rose Hill features modern workstations, meeting rooms equipped with video‑conferencing tools, and dedicated spaces for focused analysis. Employees benefit from a culture that values diversity, encourages innovative thinking, and promotes work‑life balance.

Application Process

Interested candidates should submit their updated CV and a cover letter outlining their relevant experience through the online portal on the AXA Careers website. Applications will be reviewed on a rolling basis, and shortlisted candidates will be invited for a virtual interview followed by an on‑site assessment.

Equal Opportunity Statement

AXA Insurance Mauritius is an equal opportunity employer. We celebrate diversity and are committed to creating an inclusive environment for all employees, regardless of gender, age, disability, ethnicity, religion, or sexual orientation. Our hiring practices reflect our dedication to fairness and the promotion of equal employment opportunities across Mauritius.