Remote Actuarial Consultant - Insurance Pricing

Placements24; Kimberley; Hybrid; CAD 148,000 - 295,000; Full time

Benefits offered by this job

Fully remote

Flexible schedule

Job summary

Placements24 is seeking an experienced Remote Actuarial Consultant specializing in Insurance Pricing. This contract role requires independent work on challenging projects for insurance pricing strategies, leveraging deep actuarial knowledge and market insights.

You will build and validate pricing models, conduct market analyses, and provide regulatory and product design guidance to clients worldwide, with flexible remote engagement terms and professional support from the client.

Qualifications

• ASSA Associate or Fellow qualification is required or equivalent international accreditation.
• Minimum 7 years of actuarial experience with a focus on insurance product pricing.
• Experience building, validating, and implementing pricing models using actuarial software and tools.

Responsibilities

• Develop, review, and validate pricing models for insurance products.
• Conduct market research and competitor analysis to inform pricing strategies.
• Perform profitability analysis and recommend pricing adjustments to ensure competitiveness.
• Advise clients on regulatory requirements related to pricing and product design.
• Collaborate with client teams and manage projects as an independent contractor.
• Prepare reports and presentations for client stakeholders.
• Stay updated on industry trends and pricing best practices.

Skills

Actuarial pricing

Prophet

GGY Axis

Excel

Python

R

Independent contractor

Remote work

Education

ASSA Associate or Fellow

Tools

Prophet

GGY Axis

Excel

R

Python

Job description

About the Role

Our client, a renowned actuarial consulting firm, is seeking an experienced and highly motivated Remote Actuarial Consultant specializing in Insurance Pricing. This contract role involves providing expert advice and analytical support to various insurance companies on pricing strategies for their products. You will work independently on challenging projects, leveraging your deep understanding of actuarial principles and market dynamics. This is a fully remote, contract position, ideal for a seasoned professional seeking flexible and impactful engagements.

Key Responsibilities

• Develop, review, and validate pricing models for various insurance products (e.g., life, health, general insurance).


• Conduct market research and competitor analysis to inform pricing strategies.


• Perform profitability analysis and recommend pricing adjustments to ensure competitiveness and profitability.


• Advise clients on regulatory requirements related to pricing and product design.


• Assist clients in developing new insurance products or enhancing existing ones from a pricing perspective.


• Prepare clear and concise reports and presentations for client stakeholders.


• Collaborate effectively with client teams, providing technical expertise and guidance.


• Stay abreast of industry trends, emerging risks, and best practices in actuarial pricing.


• Manage project timelines and deliverables efficiently as an independent contractor.


• Ensure all work is performed with the highest level of accuracy and professional integrity.

Requirements

• An Associate or Fellow of the Actuarial Society of South Africa (ASSA) or equivalent international qualification.


• A minimum of 7 years of actuarial experience, with a strong focus on insurance product pricing.


• Demonstrated experience in building, validating, and implementing pricing models using actuarial software (e.g., Prophet, GGY Axis) and tools like Excel, R, or Python.


• In-depth knowledge of pricing methodologies across multiple insurance lines.


• Excellent analytical, problem-solving, and quantitative skills.


• Strong communication, presentation, and client relationship management skills.


• Proven ability to work independently and manage multiple projects concurrently in a remote setting.


• Experience in a consulting environment is highly advantageous.


• Familiarity with South African insurance regulations is a plus.


• Access to a reliable internet connection and suitable home office setup.

Benefits

This contract position offers a highly competitive daily rate, reflecting the specialized expertise required. The fully remote nature of the role provides exceptional flexibility and work-life balance. You will have the opportunity to work on diverse and challenging projects for a range of clients, expanding your professional experience and network. Our client values their contractors and provides professional support throughout engagements.