Insurance Actuarial Analyst

Placements24; United States; Remote; USD 70,000 - 120,000; Full time

Benefits offered by this job

Health insurance

Retirement planning

Continuing actuarial education

Fully remote work

Job summary

Placements24 is seeking an Insurance Actuarial Analyst to join a forward-thinking team focused on pricing, reserving, and risk management. You will translate complex data into actionable insights, work with large datasets, and collaborate across underwriting, claims, and finance in a fully remote setup.

The role emphasizes mathematical and statistical excellence, proficiency in R/Python/SQL/Excel, and strong communication to explain complex concepts to non-technical audiences.

Qualifications

• Progress toward or completion of actuarial examinations (FIA, FSA, or equivalent).
• Strong mathematical, statistical, and analytical abilities.
• Proficiency in actuarial software, programming languages (R, Python, SQL), and Excel.
• Excellent problem-solving abilities and attention to detail.
• Effective communication skills, capable of explaining complex actuarial concepts to non-technical audiences.
• Previous experience in insurance actuarial roles is highly advantageous.

Responsibilities

• Develop, implement, and maintain actuarial models for pricing, reserving, and forecasting.
• Analyze large datasets to identify trends, risks, and opportunities related to insurance products.
• Assist in the preparation of regulatory filings and financial reports.
• Evaluate the financial implications of new product development and business initiatives.
• Perform sensitivity analyses and scenario testing to assess risk exposure.
• Collaborate with underwriting and claims teams to refine risk assessment and management strategies.

Skills

Mathematics

Statistics

Analytical thinking

Communication

Problem solving

Education

Actuarial exams FIA/FSA

Tools

R

Python

SQL

Excel

Job description

About the Role

Our client is looking for a highly analytical and motivated Insurance Actuarial Analyst to join their forward-thinking team, contributing to pricing, reserving, and risk management strategies. This role is critical in translating complex data into actionable insights that drive the financial health and strategic direction of the company. You will work with large datasets, sophisticated modeling techniques, and collaborate closely with various departments, including underwriting, claims, and finance. This is an exceptional opportunity for a mathematically inclined professional to make a substantial impact within the dynamic insurance sector from a flexible, remote location, supporting the vibrant business community in Paarl and beyond.

Key Responsibilities

• Develop, implement, and maintain actuarial models for pricing, reserving, and forecasting.
• Analyze large datasets to identify trends, risks, and opportunities related to insurance products.
• Assist in the preparation of regulatory filings and financial reports.
• Evaluate the financial implications of new product development and business initiatives.
• Perform sensitivity analyses and scenario testing to assess risk exposure.
• Collaborate with underwriting and claims teams to refine risk assessment and management strategies.

Requirements

• Progress towards or completion of actuarial examinations (e.g., FIA, FSA, or equivalent).
• Strong mathematical, statistical, and analytical skills.
• Proficiency in actuarial software, programming languages (e.g., R, Python, SQL), and Excel.
• Excellent problem-solving abilities and attention to detail.
• Effective communication skills, capable of explaining complex actuarial concepts to non-technical audiences.
• Previous experience in insurance actuarial roles is highly advantageous.

Benefits

• Competitive salary commensurate with experience and actuarial qualifications.
• Comprehensive benefits package including health insurance and retirement planning.
• Significant support for continuing actuarial education and professional development.
• Fully remote work arrangement, offering autonomy and flexibility.
• Be part of an innovative team shaping the financial future of the insurance business.