Actuarial Analyst – Life Pricing (Durban) | Exam Support

Placements24; Durban; Hybrid; ZAR 420,000 - 660,000; Full time

Benefits offered by this job

Medical aid

Provident fund

Annual leave

Study leave

Job summary

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

Qualifications

• 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.

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 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.

Skills

Analytical skills

Team collaboration

Communication

Education

Bachelor's degree in Actuarial Science/Math/Stats

Tools

Prophet

AXIS

Python

R

SQL

Job description

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