Remote Actuarial Analyst - Life Insurance

Placements24; United States; Remote; USD 90,000 - 120,000; Full time

Benefits offered by this job

Fully remote role

Competitive compensation

Actuarial exam support

Job summary

Placements24 is seeking a Remote Actuarial Analyst to support pricing, reserving, and financial modeling for life insurance products. You will work with senior actuaries and cross-functional teams to develop sound strategies, ensuring solvency and profitability in a fully remote setting.

The role requires 2–4 years of life actuarial experience and proficiency in Prophet/AXIS, SQL, R, and Python. Strong communication and independent work capabilities are essential for success in a remote

Qualifications

• Bachelor's degree or higher in Actuarial Science, Mathematics, Statistics, or related field.
• Progress toward or attainment of actuarial designations (e.g., FSA, ASA).
• 2–4 years of life actuarial experience.
• Proficiency in actuarial modeling software (Prophet, AXIS) and programming languages (SQL, R, Python).
• Strong analytical, communication, and remote-work skills.

Responsibilities

• Assist in development, pricing, and valuation of life insurance products.
• Compute policy reserves and ensure regulatory compliance.
• Conduct experience analyses (mortality, morbidity, lapse) to inform pricing/reserving assumptions.
• Develop and maintain actuarial models using Prophet, AXIS, and programming languages.
• Prepare actuarial reports and presentations for management and regulators.
• Collaborate with product, finance, and IT to support business objectives.
• Monitor financial performance of the life portfolio.
• Stay updated on actuarial methods, trends, and regulations.
• Support automation and process improvements in actuarial work.
• Pursue professional actuarial designations while on the job.

Skills

SQL

R

Python

Actuarial Modeling

Problem-solving

Education

Bachelors in Actuarial Science/Math/Statistics

Tools

Prophet

AXIS

Job description

About the Role

Our client, a forward-thinking life insurance company, is seeking a talented and motivated Remote Actuarial Analyst to join their innovative team. This fully remote position allows you to contribute your analytical prowess from anywhere, focusing on critical actuarial functions such as pricing, reserving, and financial modeling for life insurance products. You will work closely with senior actuaries and cross-functional teams to develop sound financial strategies and ensure the company's long-term solvency and profitability. We are committed to fostering a collaborative virtual environment where cutting-edge tools and technologies empower our team members to excel. If you are passionate about actuarial science and thrive in a remote work setting, this is an exceptional opportunity to grow your career with a leader in the life insurance industry.

Key Responsibilities

• Assist in the development, pricing, and valuation of new and existing life insurance products.
• Perform calculations for policy reserves and ensure compliance with regulatory requirements.
• Conduct experience analyses, including mortality, morbidity, and lapse studies, to inform pricing and reserving assumptions.
• Develop and maintain actuarial models using specialized software and programming languages.
• Support the preparation of actuarial reports and presentations for management and regulatory bodies.
• Collaborate with other departments, including product development, finance, and IT, to support business objectives.
• Assist in monitoring the financial performance of the life insurance portfolio.
• Stay current with actuarial methodologies, industry trends, and relevant regulations.
• Contribute to the automation and improvement of actuarial processes.
• Undertake actuarial examinations and pursue professional actuarial designations.

Requirements

• Bachelor's degree in Actuarial Science, Mathematics, Statistics, or a related quantitative field.
• Progress towards or attainment of actuarial designations (e.g., FSA, ASA, or equivalent).
• 2-4 years of relevant actuarial experience in the life insurance industry.
• Proficiency in actuarial modeling software (e.g., Prophet, AXIS) and programming languages (e.g., SQL, R, Python).
• Strong analytical, quantitative, and problem-solving skills.
• Excellent written and verbal communication skills, with the ability to explain complex technical concepts clearly.
• Proven ability to work independently and manage multiple tasks effectively in a remote environment.
• Detail-oriented with a commitment to accuracy.
• Familiarity with life insurance product features, regulations, and valuation methods.
• Must have a reliable internet connection and a dedicated home office setup.

Benefits

This is a fully remote role, offering unparalleled flexibility and the elimination of commute times. Our client provides a highly competitive salary and comprehensive benefits package, including top-tier medical, dental, and vision insurance, as well as a generous retirement savings plan. Support for actuarial exam fees and study materials is provided to facilitate professional development. You will work with a talented and supportive team on challenging projects that have a direct impact on the company's success. Enjoy the autonomy and work-life balance that a dedicated remote position offers, combined with the resources and stability of a leading insurance provider.