Actuarial Analyst - Life Insurance

Placements24; Centurion; On-site; ZAR 550,000 - 850,000; Full time

Benefits offered by this job

Competitive remuneration package

Medical aid and retirement annuity

Study leave for actuarial progression

Professional development opportunities

Job summary

Placements24 is seeking an Actuarial Analyst to join its Centurion team, responsible for pricing life insurance products and performing valuations. The role offers opportunities to influence financial projections, pricing strategies, and regulatory reporting in a dynamic life insurance environment.

You will collaborate with product development, finance, and risk management while advancing actuarial qualifications and technical skills in a modern office setting.

Qualifications

• Degree in Actuarial Science, Mathematics, Statistics, or a related quantitative field.
• Progress towards Fellowship of the Actuarial Society of South Africa or equivalent.
• 3–5 years of actuarial analysis experience, preferably in life insurance.
• Strong proficiency in actuarial software, statistical modeling tools, and programming languages (R, Python, SQL).
• Excellent analytical, quantitative, and problem-solving skills.
• Strong written and verbal communication skills, with the ability to present technical information effectively.
• Willing to work full-time in Centurion, Gauteng office.

Responsibilities

• Develop, implement, and maintain actuarial models for pricing life insurance products, including mortality, morbidity, and lapse assumptions.
• Perform financial projections and valuations, assessing the solvency and profitability of the life insurance portfolio.
• Analyze trends in mortality, morbidity, and other relevant data to refine actuarial assumptions.
• Assist in the preparation of regulatory financial statements and reports, ensuring compliance with local and international standards.
• Conduct experience studies to monitor the accuracy of assumptions and recommend updates.
• Support the product development team by providing actuarial insights and pricing support for new life insurance offerings.
• Collaborate with the risk management team to assess and quantify financial risks associated with life insurance business.
• Communicate complex actuarial findings and recommendations clearly to management and non-technical stakeholders.
• Stay abreast of the latest developments in actuarial science, insurance regulations, and industry best practices.

Skills

Actuarial software

Statistical modeling

Programming (R, Python, SQL)

Analytical skills

Communication skills

Education

Actuarial Science degree

Progress towards actuarial qualification

Tools

R

Python

SQL

Job description

About the Role

Our client, a distinguished player in the life insurance sector, is seeking a talented and driven Actuarial Analyst to join their esteemed team in **Centurion, Gauteng**. This role is crucial for the financial health and strategic planning of the company. The Actuarial Analyst will be responsible for conducting complex financial analyses, developing pricing models, and performing valuation assessments for life insurance products. You will work closely with other departments, including product development, finance, and risk management, to ensure accurate financial projections and compliance with regulatory standards. This is an exceptional opportunity for an ambitious actuary to apply their quantitative skills in a challenging and rewarding environment, contributing directly to the company's long-term success and growth within the **South African** market.

Key Responsibilities

• Develop, implement, and maintain actuarial models for pricing life insurance products, including mortality, morbidity, and lapse assumptions.
• Perform financial projections and valuations, assessing the solvency and profitability of the life insurance portfolio.
• Analyze trends in mortality, morbidity, and other relevant data to refine actuarial assumptions.
• Assist in the preparation of regulatory financial statements and reports, ensuring compliance with local and international standards.
• Conduct experience studies to monitor the accuracy of assumptions and recommend updates.
• Support the product development team by providing actuarial insights and pricing support for new life insurance offerings.
• Collaborate with the risk management team to assess and quantify financial risks associated with life insurance business.
• Communicate complex actuarial findings and recommendations clearly to management and non-technical stakeholders.
• Stay abreast of the latest developments in actuarial science, insurance regulations, and industry best practices.

Requirements

• A degree in Actuarial Science, Mathematics, Statistics, or a related quantitative field.
• Progress towards actuarial qualifications (e.g., Fellowship of the Actuarial Society of South Africa or equivalent) is essential.
• Demonstrated experience (3-5 years) in actuarial analysis, preferably within the life insurance industry.
• Strong proficiency in actuarial software, statistical modeling tools, and programming languages (e.g., R, Python, SQL).
• Excellent analytical, quantitative, and problem-solving skills.
• Ability to interpret complex data and translate it into actionable business insights.
• Strong written and verbal communication skills, with the ability to present technical information effectively.
• High level of accuracy and attention to detail.
• Must be willing to work full‑time in our **Centurion, Gauteng** office.

Benefits

• Our client offers a highly competitive remuneration package, including a substantial annual salary and performance-based bonuses.
• Employees benefit from comprehensive medical aid, a leading retirement annuity fund, and study leave to support actuarial qualification pursuits.
• Generous paid time off and opportunities for professional development and advancement within the actuarial field are provided.
• The role is based in a modern, accessible office in **Centurion, Gauteng**, fostering a collaborative and professional working environment.
• This is an excellent opportunity to join a stable and growing insurance company.