Actuarial Analyst - Life Insurance Pricing

Placements24; Willows (CA); Remote; USD 85,000 - 120,000; Full time

Job summary

Placements24 is seeking an Actuarial Analyst for the Life Insurance Pricing team. Remote work is offered, with responsibilities spanning pricing model development, analyses, and regulatory compliance.

You will collaborate across product development, marketing, and finance to ensure competitive, sustainable pricing and strong financial health. The ideal candidate has 3+ years in actuarial roles (life insurance preferred), solid analytical skills, and proficiency with Prophet, AXIS, R, Python, or

Qualifications

• Progress toward or completion of actuarial examinations (e.g., ASISA).
• Minimum of 3 years of actuarial experience, preferably in life insurance.
• Strong analytical and quantitative skills with statistical modeling proficiency.
• Experience with actuarial software Prophet and GGY AXIS; programming in R/Python/SQL is highly desirable.
• Excellent communication and presentation skills; able to explain complex concepts clearly.
• Bachelor’s degree in Actuarial Science, Mathematics, Statistics, or related field.
• Detail-oriented with a focus on accuracy; able to manage multiple priorities remotely.

Responsibilities

• Develop, implement, and refine pricing models for life insurance products.
• Conduct actuarial investigations and analyses to support pricing decisions.
• Analyze mortality, morbidity, and lapse experience to inform pricing assumptions.
• Collaborate with product development to design new products and features.
• Perform profitability testing and sensitivity analysis for pricing proposals.
• Ensure compliance with regulatory and statutory requirements.
• Assist in actuarial reports and documentation for management and regulators.
• Stay current with industry practices and emerging risks in actuarial science.
• Support valuation of liabilities and reserves as needed.
• Contribute to continuous improvement of actuarial models and processes.

Skills

Actuarial exams progress

3+ years experience

Analytical thinking

Communication skills

Independent work

Fast learner

Education

Bachelor's degree in Actuarial Science/Math/Statistics

Tools

Prophet

GGY AXIS

R

Python

SQL

Job description

About the Role

Our client is seeking a talented and driven Actuarial Analyst to join their Life Insurance Pricing team in Welkom, Free State . This role is crucial for developing and maintaining profitable pricing models for a wide range of life insurance products. You will work closely with product development, marketing, and finance teams to ensure that our pricing is competitive, sustainable, and compliant with regulatory requirements. This is an excellent opportunity for an ambitious actuarial professional to gain in-depth experience in a key area of the insurance industry, contributing directly to the financial health of the organization. The position is designed for individuals passionate about quantitative analysis and the intricacies of insurance product development. We are looking for someone who thrives in a challenging analytical environment and is eager to contribute to innovative pricing strategies. This role is fully remote, offering flexibility and work-life balance.

Key Responsibilities

• Develop, implement, and refine pricing models for new and existing life insurance products in Welkom .
• Conduct actuarial investigations and analyses to support pricing decisions.
• Analyze mortality, morbidity, and lapse experience to inform pricing assumptions.
• Collaborate with product development teams to design new insurance products and features.
• Perform profitability testing and sensitivity analysis for pricing proposals.
• Ensure compliance with all relevant regulatory and statutory requirements.
• Assist in the preparation of actuarial reports and documentation for management and regulators.
• Stay current with industry best practices, trends, and emerging risks in actuarial science.
• Support the valuation of liabilities and reserves as needed.
• Contribute to the continuous improvement of actuarial models and processes.

Requirements

• Progress towards or completion of actuarial examinations (e.g., Actuarial Society of South Africa).
• A minimum of 3 years of experience in an actuarial role, preferably within life insurance.
• Strong analytical and quantitative skills, with proficiency in statistical modeling.
• Experience with actuarial software (e.g., Prophet, GGY AXIS) and programming languages (e.g., R, Python, SQL) is highly desirable.
• Excellent communication and presentation skills, with the ability to explain complex technical concepts clearly.
• A Bachelor's degree in Actuarial Science, Mathematics, Statistics, or a related quantitative field.
• Detail-oriented with a commitment to accuracy and quality.
• Ability to work independently and manage multiple priorities in a remote work setting.
• Proactive attitude towards learning and professional development.
• Familiarity with the South African insurance market is a plus.

Benefits

• Our client offers a highly competitive salary commensurate with experience and actuarial progress.
• Full sponsorship for actuarial examinations and associated study materials is provided.
• Comprehensive health insurance, including medical and dental coverage, is part of the package.
• A generous retirement savings plan is available to all eligible employees.
• We are committed to professional growth, offering access to cutting-edge actuarial training and conferences.
• The fully remote nature of this role provides exceptional flexibility and work-life balance.
• Join a forward-thinking actuarial team that values innovation, collaboration, and individual contribution in the Free State .