Hybrid Actuarial Analyst — Life Insurance Pricing

Placements24; Mossel Bay; Hybrid; ZAR 600,000 - 900,000; Full time

Benefits offered by this job

Study support

Medical aid

Retirement fund

Annual leave

Performance bonus

Relocation assistance

Job summary

Placements24 is seeking an Actuarial Analyst to join the finance team in Mossel Bay, Western Cape. You will work on pricing, reserving, modelling, and reporting within a dynamic life insurance environment, collaborating across IT, finance, and product teams to deliver insights that shape strategy.

The role offers hybrid work in Mossel Bay, study support for actuarial exams, a competitive package, and opportunities for career progression within a leading insurer.

Qualifications

• Progress towards or completion of actuarial qualifications (e.g., Actuarial Society of SA exams).
• Minimum of 3 years actuarial experience, preferably in life insurance.
• Strong knowledge of life insurance products, valuation techniques, and SA regulatory requirements.
• Proficiency with actuarial modeling software (Prophet, GGY Axis) and data tools (SQL, Python).
• Excellent analytical, quantitative, and problem-solving skills.
• Strong written and verbal communication skills.
• Ability to work in a hybrid environment (Mossel Bay).

Responsibilities

• Develop, implement, and maintain actuarial models for pricing, reserving, and financial projections.
• Perform calculations for statutory and regulatory reserves.
• Assist in the pricing of new life insurance products and the review of existing ones.
• Conduct experience analyses (mortality, morbidity, lapse rates) and recommend adjustments.
• Prepare actuarial reports for internal management, auditors, and regulatory bodies.
• Support capital management and solvency assessments.
• Collaborate with IT, finance, and product development teams on data analysis and system enhancements.
• Stay current with actuarial standards of practice, regulations, and industry developments.
• Contribute to the development and mentoring of junior actuarial staff.
• Perform ad-hoc actuarial investigations and analyses as required by management.

Skills

Analytical thinking

Problem solving

Communication skills

Team collaboration

Education

Actuarial exams (e.g., ASSA)

Tools

Prophet

GGY Axis

SQL

Python

Job description

Placements24 is seeking an Actuarial Analyst to join the finance team in Mossel Bay, Western Cape. You will work on pricing, reserving, modelling, and reporting within a dynamic life insurance environment, collaborating across IT, finance, and product teams to deliver insights that shape strategy.

The role offers hybrid work in Mossel Bay, study support for actuarial exams, a competitive package, and opportunities for career progression within a leading insurer.