Actuarial Analyst - Insurance

Placements24; Riverton (UT); Remote; USD 25,000 - 40,000; Full time

Benefits offered by this job

Competitive salary

Study sponsorship / exams

Medical aid & retirement plan

Remote-friendly environment

Professional growth opportunities

Job summary

Placements24 in Upington, South Africa seeks an Actuarial Analyst to join a dynamic team. You will build pricing, reserving, and forecasting models and provide insights that drive profitability.

You will work with data, assess risks, determine capital needs, and collaborate with underwriting, claims, and finance. A path toward ASA/FSA and study sponsorship are offered, with a modern remote-friendly environment.

Qualifications

• Bachelor's degree in Actuarial Science or related quantitative field.
• Progress towards ASA/FSA designation or equivalent.
• 2+ years in insurance with actuarial focus.

Responsibilities

• Develop, maintain, and enhance actuarial models for pricing, reserving, and forecasting.
• Analyze data to inform pricing strategies for new and existing products.
• Calculate policy reserves and capital requirements per regulatory standards.
• Assess profitability and trends across product lines and make recommendations.
• Collaborate with underwriting, claims, and finance to provide actuarial input.
• Stay updated on actuarial best practices and regulatory changes.

Skills

R

Python

SQL

Prophet

Education

Bachelor's degree in Actuarial Science

Job description

About the Role

Our client is seeking a highly skilled and motivated Actuarial Analyst to join their dynamic team in Upington . This role involves complex financial modeling, risk assessment, and pricing of insurance products. You will contribute to critical business decisions by providing quantitative insights and projections related to reserves, capital requirements, and profitability. This is an exceptional opportunity for an ambitious actuarial professional to make a significant impact within the insurance sector in the Northern Cape , working with cutting-edge analytical tools and methodologies.

Key Responsibilities

• Develop, maintain, and enhance actuarial models for pricing, reserving, and financial forecasting.
• Perform data analysis to assess insurance risks and inform pricing strategies for new and existing products.
• Calculate and manage policy reserves and capital requirements in compliance with regulatory standards.
• Analyze profitability and trends within product lines, providing recommendations for improvement.
• Collaborate with underwriting, claims, and finance departments to provide actuarial expertise.
• Stay updated on actuarial best practices, industry developments, and regulatory changes.

Requirements

• Bachelor's degree in Actuarial Science, Mathematics, Statistics, or a related quantitative field.
• Progress towards actuarial qualifications (e.g., Associate or Fellow of the Actuarial Society of South Africa - ASA/FSA).
• 2+ years of relevant experience in the insurance industry, with a focus on life or short-term insurance.
• Strong analytical, problem-solving, and modeling skills, with proficiency in statistical software (e.g., R, Python, SQL, Prophet).
• Excellent communication and interpersonal skills, with the ability to explain technical concepts to non-technical audiences.

Benefits

• Highly competitive salary and bonus structure commensurate with qualifications and experience.
• Full sponsorship and study leave for actuarial examinations.
• Comprehensive medical aid, retirement fund, and other wellness benefits.
• Opportunities for professional growth and advancement within a leading insurance company.
• A flexible and modern remote work environment, ideal for professionals in or near Upington .