Actuarial Analyst - Life Insurance Pricing

Placements24; Durban; Híbrido; ZAR 420.000 - 660.000; Jornada completa

Ventajas ofrecidas por este puesto de trabajo

Medical aid

Provident fund

Annual leave

Study leave

Descripción de la vacante

Placements24 seeks an Actuarial Analyst to join our Durban team, focusing on developing and refining pricing models for life insurance products. You will work with underwriters, product developers, and fellow actuaries to ensure pricing is competitive, profitable, and compliant with regulations.

The role emphasizes strong quantitative skills, exposure to actuarial modeling, and opportunities to pursue professional actuarial qualifications within a collaborative, growth-minded environment in

Formación

• Bachelor's degree in Actuarial Science, Mathematics, Statistics, or related quantitative field.
• Progress towards or completion of actuarial examinations (e.g., Actuarial Society of South Africa).
• Proven experience in life insurance pricing or related actuarial function.
• Strong analytical and problem-solving skills with attention to detail.
• Proficiency in actuarial software (Prophet, AXIS) and programming languages (Python, R, SQL).
• Effective communication and interpersonal skills.

Responsabilidades

• Develop, test, and maintain pricing models for life insurance products.
• Perform complex statistical analysis and data modeling.
• Collaborate with product development teams to design competitive products.
• Analyze mortality, morbidity, and lapse experience to inform pricing assumptions.
• Ensure pricing complies with regulatory requirements and company guidelines.
• Assist in preparation of actuarial reports and presentations.
• Monitor and analyze market dynamics impacting pricing strategies.
• Support senior actuaries in financial projections and risk assessments.
• Contribute to continuous improvement of actuarial methodologies and tools.

Conocimientos

Analytical skills

Team collaboration

Communication

Educación

Bachelor's degree in Actuarial Science/Math/Stats

Herramientas

Prophet

AXIS

Python

R

SQL

Descripción del empleo

About the Role

Our client, a leading player in the life insurance sector, is actively seeking a talented and motivated Actuarial Analyst to join their growing team in Durban . This role is integral to the development and refinement of pricing models for new and existing life insurance products. You will collaborate closely with underwriters, product developers, and fellow actuaries to ensure that our client's pricing strategies are competitive, profitable, and compliant with regulatory frameworks. The ideal candidate will possess strong quantitative skills, a keen understanding of statistical modeling, and a passion for actuarial science. This position offers an excellent platform for career progression within the actuarial field, with opportunities to pursue professional actuarial qualifications. Working in the beautiful coastal city of Durban , you will contribute to shaping the financial future of thousands of policyholders while advancing your own professional journey.

Key Responsibilities

• Develop, test, and maintain pricing models for life insurance products.
• Perform complex statistical analysis and data modeling.
• Collaborate with product development teams to design innovative and competitive products.
• Analyze mortality, morbidity, and lapse experience to inform pricing assumptions.
• Ensure pricing is compliant with regulatory requirements and company guidelines.
• Assist in the preparation of actuarial reports and presentations.
• Monitor and analyze market dynamics impacting pricing strategies.
• Support senior actuaries in financial projections and risk assessments.
• Contribute to the continuous improvement of actuarial methodologies and tools.

Requirements

• Bachelor's degree in Actuarial Science, Mathematics, Statistics, or a related quantitative field.
• Progress towards or completion of actuarial examinations (e.g., Actuarial Society of South Africa).
• Proven experience in life insurance pricing or a related actuarial function.
• Strong analytical and problem-solving skills with excellent attention to detail.
• Proficiency in actuarial software (e.g., Prophet, AXIS) and programming languages (e.g., Python, R, SQL).
• Effective communication and interpersonal skills.
• Ability to work collaboratively in a team environment.
• Understanding of South African insurance regulations and market practices.

Benefits

• Competitive salary package with performance-related incentives.
• Financial support for actuarial exam progression.
• Comprehensive medical aid and provident fund.
• Generous annual leave and study leave.
• A supportive and intellectually stimulating work environment in KwaZulu-Natal .
• Opportunities for international exposure and career growth.