Actuarial Analyst - Life Insurance

Placements24; Paarl; Hybrid; ZAR 420,000 - 640,000; Full time

Benefits offered by this job

Fully remote work

Study support for actuarial exams

Health and wellness benefits

Generous leave

Collaborative virtual environment

Job summary

Placements24 is seeking an Actuarial Analyst for a fully remote role in South Africa. You will work on pricing, reserving, and financial projections for life insurance products, applying experience analyses to pricing assumptions.

Collaboration with underwriting, product development, and finance is key, with strong emphasis on regulatory reporting and continuous process improvement. Ideal candidates hold a bachelor’s degree in a quantitative field, are progressing through actuarial exams, and

Qualifications

• Bachelor's degree in Actuarial Science or related quantitative field.
• Progress towards actuarial qualifications (exams passed with a recognized actuarial society).
• Minimum 4 years of life insurance actuarial experience.
• Proficiency in Prophet/AXIS and advanced Excel.
• Programming skills in R, Python, or VBA are highly desirable.

Responsibilities

• Develop, maintain, and enhance actuarial models for pricing, reserving, and financial projections.
• Perform experience analyses (morbidity, mortality, lapse) to inform pricing assumptions.
• Assist in development and implementation of new life insurance products, including pricing.
• Conduct regular reviews of financial results and provide actuarial input for reporting.
• Collaborate with underwriting, product development, and finance for insights.
• Support regulatory reporting with actuarial data and reports.
• Stay updated on industry trends and actuarial techniques.
• Contribute to continuous improvement of actuarial processes and systems.

Skills

Analytical thinking

Problem-solving

Critical thinking

Communication skills

Time management

Independent work

Education

Bachelor's degree in Actuarial Science, Mathematics, Statistics, or related field

Tools

Prophet

AXIS

Excel

R

Python

VBA

Job description

About the Role Our client, a leading innovator in the life insurance sector, is seeking a talented and driven Actuarial Analyst to join their fully remote team. This position offers the exciting opportunity to work on challenging actuarial projects from anywhere in South Africa, contributing to the development and pricing of life insurance products. You will be involved in performing complex financial modeling, risk assessments, and pricing analysis to ensure the profitability and competitiveness of our offerings. The ideal candidate will be making significant progress towards actuarial qualifications and possess strong analytical and quantitative skills. We are looking for an individual who is passionate about actuarial science and eager to contribute to a dynamic, forward-thinking company that values remote talent and professional growth.

Key Responsibilities

• Develop, maintain, and enhance actuarial models for pricing, reserving, and financial projections of life insurance products.
• Perform experience analyses (morbidity, mortality, lapse) to inform pricing assumptions and business strategies.
• Assist in the development and implementation of new life insurance products, including pricing and profitability analysis.
• Conduct regular reviews of financial results and provide actuarial input for financial reporting.
• Collaborate with underwriting, product development, and finance teams to provide actuarial support and insights.
• Support regulatory compliance efforts by preparing necessary actuarial data and reports.
• Stay updated on industry trends, regulatory changes, and emerging actuarial techniques.
• Contribute to the continuous improvement of actuarial processes and systems.

Requirements

• A Bachelor's degree in Actuarial Science, Mathematics, Statistics, or a related quantitative field.
• Progress towards actuarial qualifications (e.g., exams passed with a recognized actuarial society).
• A minimum of 4 years of experience in an actuarial role, specifically within the life insurance industry.
• Proficiency in actuarial modeling software (e.g., Prophet, AXIS) and advanced Excel skills.
• Strong programming skills in languages such as R, Python, or VBA are highly desirable.
• Excellent analytical, problem-solving, and critical thinking abilities.
• Effective communication skills, with the ability to explain complex actuarial concepts to non-actuaries.
• Demonstrated ability to work independently and manage time effectively in a fully remote setting.

Benefits

• An annual salary ranging from ZAR , based on qualifications and experience.
• Fully remote work arrangement, offering significant flexibility.
• Competitive study support for actuarial examinations.
• Comprehensive health and wellness benefits.
• Generous annual leave and paid time off.
• Opportunities to work on diverse and impactful actuarial projects.
• A collaborative and supportive virtual work environment.