Actuarial Analyst - Life Insurance

Placements24; Stellenbosch; Hybrid; ZAR 650,000 - 950,000; Full time

Benefits offered by this job

Hybrid work model

Study support for actuarial exams

Medical and retirement benefits

Vibrant Stellenbosch work environment

Job summary

Placements24 partners with a Stellenbosch-based life insurer to recruit an Actuarial Analyst. You will help price new life insurance products, value policy liabilities, and manage financial risks to support strategic decision-making and profitability.

You will develop and maintain actuarial models, perform experience investigations, and communicate results to management. A hybrid work setup and study support are included, along with competitive benefits.

Qualifications

• Progress towards actuarial qualifications with AS South Africa.
• Minimum 3 years of relevant experience in life insurance actuarial work.
• Strong analytical and problem-solving skills.
• Proficient in Prophet, RiskAgility, SQL, Python or R.
• Solid understanding of life insurance principles and regulations.

Responsibilities

• Assist in development and pricing of new life insurance products.
• Perform regular valuations of policy liabilities and reserves.
• Conduct experience investigations (mortality, lapse, expenses).
• Develop and maintain actuarial models for forecasting and capital management.
• Support risk management with financial risk analysis.
• Prepare reports and presentations for management with key findings.

Skills

Actuarial software

Data analysis

Life insurance knowledge

Communication

Education

Actuarial qualification progress (AS South Africa)

Tools

Prophet

RiskAgility

SQL

Python

R

Job description

Our client is seeking a bright and motivated Actuarial Analyst to join their life insurance division in the picturesque town of Stellenbosch. This role is essential for pricing new products, valuing existing liabilities, and managing the financial risks associated with life insurance policies. You will work closely with actuaries and other finance professionals to provide robust analytical support, contributing to strategic decision-making and the long-term profitability of the company. This is an exceptional opportunity for an ambitious individual looking to advance their actuarial career in a stimulating environment within the renowned Cape Winelands region.

Key Responsibilities

• Assist in the development and pricing of new life insurance products, ensuring competitive and profitable designs.
• Perform regular valuations of policy liabilities and reserves, adhering to regulatory requirements.
• Conduct experience investigations (e.g., mortality, lapse, expenses) to inform assumptions and models.
• Develop and maintain actuarial models for forecasting, scenario testing, and capital management.
• Support the risk management function by quantifying and analyzing financial risks.
• Prepare reports and presentations for management, highlighting key findings and recommendations.

Requirements

• Progress towards actuarial qualifications (e.g., via Actuarial Society of South Africa) with a minimum of 3 years of relevant experience.
• Strong analytical, quantitative, and problem-solving skills.
• Proficiency in actuarial software (e.g., Prophet, RiskAgility) and data analysis tools (e.g., SQL, Python, R).
• Excellent understanding of life insurance principles, products, and regulations.
• Ability to work independently and collaboratively within a team.
• Strong written and verbal communication skills.

Benefits

• Competitive salary package, commensurate with qualifications and experience.
• Support for continued actuarial studies, including exam fees and study leave.
• Hybrid work model to balance office collaboration with personal flexibility.
• Comprehensive medical and retirement benefits.
• Vibrant work culture in beautiful Stellenbosch with opportunities for professional growth.