Remote Actuarial Analyst

Placements24; Queenstown; Hybrid; NZD 75,000 - 107,000; Full time

Benefits offered by this job

Study leave

Bonuses

Medical aid

Retirement benefits

Remote work

Job summary

Placements24 is seeking a talented and highly analytical Actuarial Analyst to join a growing actuarial team as a fully remote role within South Africa. You will apply actuarial principles to pricing, reserving, and financial modeling while supporting risk assessment and regulatory filings.

The role emphasizes autonomy, rigorous analysis, and collaboration with underwriting and finance teams. The ideal candidate has 3+ years of actuarial experience, progress towards ASISA/IFoA exams, and strong

Qualifications

• Minimum 3 years actuarial experience in insurance.
• Progress towards or completion of actuarial examinations (ASISA/IFoA).
• Strong understanding of actuarial principles, statistical modeling, and financial mathematics.

Responsibilities

• Perform actuarial calculations for pricing, reserving, and financial projections.
• Develop and maintain actuarial models for risk assessment and solvency.
• Analyze data to identify trends and support strategic decisions.
• Collaborate with underwriting, finance, and product teams on pricing.
• Assist regulatory filings and statutory returns.
• Stay updated on actuarial techniques and software.
• Document methodologies and results clearly.
• Mentor junior team members in a remote setting.

Skills

Actuarial principles

Statistical modeling

Financial mathematics

R

Python

SQL

Prophet

SAS

Education

Actuarial exams progress (ASISA/IFoA)

Tools

Prophet

SAS

Job description

About the Role

Our client, a leading national insurer, is seeking a talented and highly analytical Remote Actuarial Analyst to join their growing actuarial team. This is a fully remote position, offering the flexibility to work from any location within South Africa. You will play a pivotal role in applying actuarial principles to complex insurance problems, including pricing, reserving, and financial modeling, and risk assessment. The ideal candidate will have a strong foundation in actuarial science, excellent quantitative skills, and a passion for innovation in the insurance sector. This role is designed for motivated individuals who can thrive in an autonomous, results-driven, remote work environment, with comprehensive support provided for seamless operation from home.

Key Responsibilities

• Perform complex actuarial calculations and analysis for pricing, reserving, and financial projections related to various insurance products (e.g., life, health, short-term).
• Develop, implement, and maintain actuarial models for risk assessment, capital management, and solvency requirements.
• Analyze insurance data to identify trends, assess potential risks, and provide insights for strategic decision-making.
• Collaborate with underwriting, finance, and product development teams to support product design and pricing strategies.
• Assist in the preparation of regulatory filings and statutory returns.
• Stay abreast of the latest actuarial techniques, software, and regulatory developments.
• Document methodologies, assumptions, and results of actuarial analyses clearly and concisely.
• Contribute to the continuous improvement of actuarial processes and tools.
• Mentor and support junior members of the actuarial team as needed.
• Ensure the accuracy and integrity of all actuarial data and outputs.

Requirements

• A minimum of 3 years of actuarial experience in the insurance industry.
• Progress towards or completion of actuarial examinations (e.g., Actuarial Society of South Africa, IFoA).
• Strong understanding of actuarial principles, statistical modeling, and financial mathematics.
• Proficiency in actuarial software, databases, and programming languages (e.g., R, Python, SQL, Prophet, SAS) is essential.
• Excellent analytical, problem-solving, and quantitative skills.
• Exceptional attention to detail and commitment to accuracy.
• Strong written and verbal communication skills, with the ability to explain complex technical concepts to non-technical audiences.
• Demonstrated ability to work independently and manage multiple projects effectively in a fully remote setting.
• A proactive and results-oriented mindset.
• Must have a reliable internet connection and a suitable home office environment.

Benefits

• A highly competitive annual salary between and ZAR, commensurate with actuarial qualification progress and experience.
• Study leave and financial support for actuarial examinations.
• Performance-based bonuses.
• Comprehensive medical aid and retirement benefits.
• Opportunity to work on challenging and impactful projects.
• Full remote flexibility, allowing you to work from anywhere in South Africa.
• Continuous professional development and learning opportunities.