Actuarial Analyst - Life Insurance

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

Benefits offered by this job

Health insurance for actuarial staff

Study support for actuarial exams

Job summary

Placements24 in Polokwane is seeking an Actuarial Analyst to join the Life Insurance division. You will apply mathematical and statistical methods to pricing, reserving, and forecasting financial outcomes, collaborating with underwriting, product development, and finance teams.

The role requires a degree in actuarial science or related field, progression toward FIA/FSA, 2+ years life insurance experience, and strong skills in R, Python, SQL.

Qualifications

• Bachelor’s degree in Actuarial Science or related quantitative field.
• Progress towards FIA/FSA with at least three exams completed.
• 2+ years’ life insurance actuarial experience.
• Strong analytical, problem-solving and modeling skills.
• Proficiency in R, Python, SQL and actuarial software.
• Excellent verbal and written communication.

Responsibilities

• Develop and maintain actuarial models for pricing, reserving, and forecasting of life insurance products.
• Analyze policy data for mortality, morbidity, and lapse rates.
• Support development and pricing decisions with actuarial insights.
• Value liabilities and ensure regulatory reporting compliance.
• Collaborate with underwriting, finance and product teams.

Skills

Analytical thinking

Problem solving

Modeling skills

Communication skills

Education

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

Progress towards FIA/FSA with 3 exams

Tools

R

Python

SQL

Actuarial software

Job description

About the Role

Our client is looking for a talented and motivated Actuarial Analyst to join their Life Insurance division in Polokwane . This role involves applying mathematical and statistical methods to assess financial risks and opportunities associated with life insurance products. You will be instrumental in pricing new products, managing reserves, and forecasting financial outcomes, working collaboratively with underwriting, product development, and finance teams. This is an exceptional opportunity for an aspiring actuary to contribute to critical business decisions and grow their career within a leading financial services organization.

Key Responsibilities

• Develop and maintain actuarial models for pricing, reserving, and forecasting of life insurance products.
• Analyze policy data to assess mortality, morbidity, and lapse rates.
• Assist in the development and refinement of new life insurance products.
• Perform valuation of liabilities and ensure compliance with regulatory reporting requirements.
• Collaborate with other departments to provide actuarial insights and support business initiatives.
• Stay current with actuarial standards of practice and industry developments.

Requirements

• Bachelor's degree in Actuarial Science, Mathematics, Statistics, or a related quantitative field.
• Progress towards actuarial qualifications (e.g., FIA, FSA) with a minimum of 3 actuarial exams passed.
• 2+ years of experience in the life insurance sector as an actuarial student or analyst.
• Strong analytical, problem-solving, and modeling skills.
• Proficiency in actuarial software, statistical analysis tools, and programming languages (e.g., R, Python, SQL).
• Excellent communication skills for presenting complex technical information.

Benefits

• Highly competitive salary and significant study support for actuarial exams.
• Comprehensive health, retirement, and wellness benefits.
• Dynamic work environment with opportunities for professional growth in Limpopo .
• Exposure to a wide range of actuarial functions within the life insurance domain.
• Contribution to critical financial strategy and product innovation.