Actuarial Analyst - Life Insurance

Placements24; Bloemfontein; Hybrid; ZAR 350,000 - 600,000; Full time

Benefits offered by this job

Hybrid work model

Health and wellness benefits

Study support for actuarial exams

Career advancement opportunities

Collaborative team environment

Job summary

Placements24 is seeking an Actuarial Analyst to join the Life Insurance division in Bloemfontein. You will apply actuarial principles to pricing, risk analysis and financial reporting, working with experienced actuaries and data scientists to influence product strategy.

The role emphasizes growth toward actuarial qualifications with a collaborative, supportive team and hybrid work arrangements in the Free State region.

Qualifications

• Bachelor's degree in Actuarial Science or related field.
• Progress towards actuarial qualifications (exams) is essential.
• Strong analytical and quantitative capabilities with attention to detail.
• Proficiency in actuarial software, statistics and spreadsheets.

Responsibilities

• Assist in pricing model development and maintenance for life products.
• Valuation of liabilities and reserves per standards.
• Analyze data to identify trends and support decisions.
• Prepare actuarial reports for stakeholders and regulators.
• Collaborate with underwriting and finance on product strategy in Bloemfontein.

Skills

Analytical skills

Quantitative skills

Communication skills

Education

Bachelor's degree in Actuarial Science

Tools

Actuarial software

Statistical packages

Spreadsheet applications

Job description

About the Role

Our client is seeking a bright and motivated Actuarial Analyst to join their Life Insurance division in Bloemfontein . This role involves applying actuarial principles to analyze financial risks, develop pricing models, and support product development and financial reporting. You will work with a team of experienced actuaries and data scientists to provide critical insights that drive business decisions and ensure the financial health of the company. The ideal candidate is eager to grow their actuarial career in a supportive environment, contributing to the strategic direction of our life insurance products within Free State .

Key Responsibilities

• Assist in the development and maintenance of pricing models for new and existing life insurance products.
• Perform valuation of liabilities and reserves according to regulatory and accounting standards.
• Analyze data to identify trends, assess risks, and support strategic decision-making.
• Contribute to the design and implementation of new product features and enhancements.
• Prepare actuarial reports and presentations for internal stakeholders and regulatory bodies.
• Collaborate with underwriting, finance, and marketing teams to ensure alignment on product strategy and financial objectives in Bloemfontein .

Requirements

• Bachelor's degree in Actuarial Science, Mathematics, Statistics, or a related field.
• Progress towards actuarial qualifications (e.g., passing actuarial exams) is essential.
• Strong analytical and quantitative skills, with attention to detail.
• Proficiency in actuarial software, statistical packages, and spreadsheet applications.
• Excellent written and verbal communication skills, capable of explaining complex concepts.
• At least 2 years of experience in the life insurance industry is preferred for this role in Free State .

Benefits

• Competitive salary and study support for actuarial exams.
• Hybrid work model offering a blend of office collaboration and remote flexibility.
• Comprehensive health and wellness benefits.
• Opportunities for career advancement within a reputable insurance firm.
• A supportive and collaborative team environment focused on professional development.