Senior Actuarial Analyst - Life Insurance

Placements24; Willows (CA); Hybrid; USD 120,000 - 180,000; Full time

Benefits offered by this job

Competitive salary

Bonus potential

Medical aid and retirement fund

Study leave and actuarial exam support

Fully remote work

Job summary

Placements24 seeks a Senior Actuarial Analyst for a fully remote life insurance role. You will lead pricing, reserves, financial projections, and risk assessments from a home office, collaborating with product, finance, and risk teams to safeguard solvency and profitability.

The ideal candidate has actuarial progress, five years' experience, and proficiency in Prophet and Moses, with advanced Excel and programming in VBA/Python/R to drive insights.

Qualifications

• Bachelor's degree in Actuarial Science, Mathematics, Statistics, or a related quantitative field.
• Progress towards or completion of actuarial examinations (e.g., Actuarial Society of South Africa).
• Experience in life insurance actuarial work and five years preferred.

Responsibilities

• Develop and maintain pricing models for life insurance products.
• Perform financial projections, solvency testing, and statutory/management reporting.
• Calculate and analyze policy reserves and liabilities.
• Conduct experience studies on mortality, morbidity, and lapse rates.
• Support product development with actuarial input and analysis.
• Assist in risk management framework development and implementation.
• Communicate complex actuarial concepts to non-actuarial stakeholders.
• Stay updated on industry trends and regulatory changes relevant to SA markets.

Skills

Advanced Excel

Programming (VBA, Python, R)

Education

Bachelor's degree in Actuarial Science/Math/Statistics

Tools

Prophet

Moses

Job description

About the Role

Our client, a forward-thinking life insurance company, is seeking a highly analytical and motivated Senior Actuarial Analyst to join their esteemed team. This is a fully remote position, offering an exceptional opportunity to contribute to critical actuarial functions from the comfort of your home office. The role involves pricing new life insurance products, developing reserving methodologies, conducting financial projections, and providing insights to support strategic decision-making. The ideal candidate will have a strong foundation in actuarial science, advanced modelling skills, and a passion for problem-solving. You will work closely with various departments, including product development, finance, and risk management, to ensure the long-term financial health and profitability of the company. Join a team that values innovation and professional growth in the Free State's burgeoning financial services landscape. This role is designed for an individual who thrives in an independent, results-oriented remote environment.

Key Responsibilities

• Develop and maintain pricing models for new and existing life insurance products.
• Perform financial projections, solvency testing, and statutory/management reporting.
• Calculate and analyze policy reserves and liabilities.
• Conduct experience studies on mortality, morbidity, and lapse rates.
• Support product development initiatives by providing actuarial input and analysis.
• Assist in the development and implementation of risk management frameworks.
• Communicate complex actuarial concepts and findings clearly to non-actuarial stakeholders.
• Stay abreast of industry trends, regulatory changes, and emerging actuarial techniques relevant to the Welkom market and beyond.

Requirements

• A Bachelor's degree in Actuarial Science, Mathematics, Statistics, or a related quantitative field.
• Progress towards or completion of actuarial examinations (e.g., Actuarial Society of South Africa).
• A minimum of 5 years of relevant actuarial experience within the life insurance industry.
• Proficiency in actuarial software (e.g., Prophet, Moses) and advanced Excel skills.
• Strong programming skills (e.g., VBA, Python, R) are highly desirable.
• Excellent analytical, quantitative, and problem-solving abilities.
• Strong written and verbal communication skills.
• Ability to work independently, manage multiple projects, and meet deadlines in a remote setting.

Benefits

• A highly competitive salary, commensurate with experience and actuarial qualification progress.
• Significant bonus potential based on individual and company performance.
• Comprehensive medical aid and retirement fund contributions.
• Generous study leave and financial support for actuarial examinations.
• The flexibility and convenience of a fully remote work arrangement.
• Access to cutting-edge actuarial tools and development opportunities.