Hybrid Actuarial Analyst: Life Insurance Pricing

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

Benefits offered by this job

Study assistance for actuarial exams

Medical aid

Pension fund

Hybrid work model

Port Elizabeth office facilities

Job summary

Placements24 is recruiting an Actuarial Analyst for a reputable life insurance company in Port Elizabeth, Eastern Cape. The role blends office collaboration with remote flexibility in a hybrid model.

You will develop actuarial models for pricing and reserving, support financial projections, and assist with experience studies while progressing toward actuarial exams. The ideal candidate has a bachelor's in actuarial science or related field, 3+ years life insurance experience, strong analytics,

Qualifications

• Bachelor's degree in Actuarial Science, Mathematics, Statistics, or related quantitative field.
• Progress toward actuarial qualifications (CT exams with the actuarial society of South Africa).
• Minimum of 3 years of relevant life insurance experience.
• Strong analytical and problem‑solving skills.
• Proficiency in statistical software (R, Python) and spreadsheet modeling (Advanced Excel).
• Understanding of life insurance products, principles, and regulations.
• Excellent written and verbal communication skills.
• Ability to manage multiple tasks in a hybrid work environment.
• High level of accuracy and attention to detail.

Responsibilities

• Develop and maintain actuarial models for pricing new life insurance products.
• Perform calculations for policy reserves in line with regulatory requirements.
• Analyze financial data and report key actuarial metrics and trends.
• Conduct experience studies (mortality, morbidity, lapse) to inform assumptions.
• Support valuation of liabilities and assets for financial reporting purposes.
• Contribute to capital adequacy and solvency assessments.
• Assist in developing financial projections and business plans.
• Collaborate with product, finance, and risk management teams.
• Ensure data integrity in all actuarial calculations and reports.

Skills

Analytical thinking

Problem solving

R

Python

Advanced Excel

Education

Bachelor's degree in Actuarial Science / Mathematics / Statistics

Tools

R

Python

Advanced Excel

Job description

Placements24 is recruiting an Actuarial Analyst for a reputable life insurance company in Port Elizabeth, Eastern Cape. The role blends office collaboration with remote flexibility in a hybrid model.

You will develop actuarial models for pricing and reserving, support financial projections, and assist with experience studies while progressing toward actuarial exams. The ideal candidate has a bachelor's in actuarial science or related field, 3+ years life insurance experience, strong analytics,