Insurance Actuarial Specialist

Placements24; Randburg; Hybrid; ZAR 900,000 - 1,500,000; Full time

Benefits offered by this job

Remote work

Flexible hours

Health benefits

Retirement plan

Development budget

Job summary

Placements24 is seeking a highly skilled Insurance Actuarial Specialist to join our advanced analytics team. The role is remote and focuses on complex financial modeling, risk assessment, and pricing strategies for a wide range of insurance products.

You will leverage your SASA-qualified expertise to influence strategic decision-making, validate models, and communicate findings to senior management. This is a Gauteng-based organization offering flexible hours, development opportunities, and a

Qualifications

• Fully qualified actuary with SASA membership.
• Extensive experience in actuarial roles within the insurance industry.
• Proficient in R/Python and actuarial software.

Responsibilities

• Develop, implement, and maintain actuarial models for pricing, reserving, and risk management.
• Analyze insurance data to identify trends, assess financial risks, and forecast future liabilities.
• Prepare reports and present findings to senior management, providing insights and recommendations.
• Ensure compliance with all relevant actuarial standards and regulatory requirements.
• Collaborate with underwriting, product development, and finance teams on strategic initiatives.

Skills

Analytical thinking

Statistical modeling

Programming (R, Python)

Remote collaboration

Education

Actuarial qualification (SASA)

Tools

Actuarial software

Job description

About the Role

Our client is seeking a highly skilled Insurance Actuarial Specialist to join their advanced analytics team, operating remotely. This role involves complex financial modeling, risk assessment, and pricing strategies for a wide range of insurance products. You will leverage your advanced mathematical and statistical expertise to ensure the financial health and profitability of the company. This is a key position for an experienced actuary looking to make a significant impact from a remote location, contributing to strategic decision-making and innovation within the Gauteng -based organization.

Key Responsibilities

• Develop, implement, and maintain actuarial models for pricing, reserving, and risk management.
• Analyze insurance data to identify trends, assess financial risks, and forecast future liabilities.
• Prepare reports and present findings to senior management, providing insights and recommendations.
• Ensure compliance with all relevant actuarial standards and regulatory requirements.
• Collaborate with underwriting, product development, and finance teams on strategic initiatives.

Requirements

• Fully qualified actuary with a recognized professional body (e.g., Actuarial Society of South Africa).
• Significant experience in actuarial roles within the insurance industry.
• Advanced knowledge of actuarial software, statistical modeling techniques, and programming languages (e.g., R, Python).
• Exceptional analytical, problem-solving, and quantitative skills.
• Strong communication and presentation abilities, suitable for remote collaboration and stakeholder engagement.

Benefits

• Highly competitive salary and bonus structure.
• Fully remote working arrangements with flexible hours.
• Comprehensive executive health benefits and retirement planning.
• Significant budget for professional development, conferences, and actuarial exams.
• A challenging and intellectually stimulating work environment with high visibility.