Lead Actuarial Analyst - Life Insurance

Placements24; Rustenburg; Hybrid; ZAR 900,000 - 1,300,000; Full time

Benefits offered by this job

Remote-first environment

Medical aid contributions

Retirement fund contributions

Professional development support

Actuarial software access

Performance incentives

Career advancement

Job summary

Placements24 is seeking a Lead Actuarial Analyst for a fully remote role focused on the Rustenburg, North West region and life insurance products. The role demands expert modeling, pricing, reserving and risk analysis to drive strategic decisions.

You will mentor junior analysts and collaborate with dispersed teams in a remote-first environment. The ideal candidate is an actuary with strong technical skills in Prophet, R, Python, and Excel VBA, and a proven ability to work autonomously while

Qualifications

• Qualified actuary or pursuing FIA/FSA or equivalent.
• Minimum 6 years life insurance actuarial experience.
• Proficiency with Prophet, R, Python, and Excel VBA.
• Strong communication and mentoring abilities.

Responsibilities

• Develop, implement, and validate actuarial models for pricing, reserving, and financial projections.
• Conduct data analysis to support actuarial assessments and decision-making.
• Prepare actuarial reports and present findings to senior management.
• Mentor junior actuarial analysts and guide their development.
• Collaborate with product teams to design and price new life insurance products.
• Monitor IFRS 17 or similar reporting standards awareness.

Skills

Actuarial analysis

Data analysis

Communication

Leadership potential

Autonomous work

Education

Actuarial qualification ongoing (FIA/FSA)

Tools

Prophet

R

Python

Excel VBA

Job description

About the Role

Our client, a prominent and forward-thinking financial services group, is actively recruiting for a highly skilled Lead Actuarial Analyst to join their esteemed team. This position operates on a fully remote basis, focusing on the Rustenburg, North West region, and plays a crucial role in the development and management of life insurance products. The successful candidate will be responsible for complex modeling, pricing, reserving, and risk analysis, providing critical insights that drive strategic decision-making. This is a remote-first opportunity, requiring a candidate with exceptional analytical capabilities, a strong understanding of actuarial principles, and the ability to lead and mentor junior team members effectively. You will contribute significantly to the financial health and product innovation of the company. We seek a dedicated professional who can excel in an independent work environment while fostering strong collaboration with a dispersed team. If you are a qualified actuary seeking a challenging and rewarding remote role, this is an ideal opportunity.

Key Responsibilities

• Develop, implement, and validate actuarial models for pricing, reserving, and financial projections.
• Perform complex data analysis and interpretation to support actuarial assessments.
• Ensure compliance with relevant actuarial standards, regulations, and accounting principles.
• Collaborate with product development teams to design and price new life insurance products.
• Conduct experience studies and analyze trends in mortality, morbidity, and persistency.
• Prepare actuarial reports and present findings to senior management and stakeholders.
• Mentor and guide junior actuarial analysts, fostering their professional growth.
• Contribute to the company's capital management and solvency assessment processes.
• Identify and evaluate emerging risks and opportunities within the life insurance market.
• Stay abreast of advancements in actuarial science, software, and modeling techniques.

Requirements

• Qualified Actuary or making significant progress towards qualification (e.g., FIA, FSA, or equivalent).
• A minimum of 6 years of relevant actuarial experience, preferably within the life insurance sector.
• Expertise in actuarial modeling software (e.g., Prophet, R, Python, Excel VBA).
• Strong understanding of life insurance products, pricing, reserving, and risk management.
• Excellent analytical, quantitative, and problem-solving skills.
• Proven ability to communicate complex technical concepts clearly and concisely.
• Demonstrated leadership potential and experience in mentoring junior staff.
• Ability to work autonomously and manage multiple projects effectively in a remote setting.
• Strong attention to detail and commitment to accuracy.
• Experience with IFRS 17 or similar financial reporting standards is an advantage.

Benefits

• Leading annual salary of R .
• Fully remote work environment offering excellent work-life balance.
• Generous employer contributions to medical aid and retirement funds.
• Support for professional development, exam completion, and ongoing education.
• Access to state-of-the-art actuarial software and analytical tools.
• Performance-based incentive programs.
• A highly collaborative and intellectually stimulating remote team culture.
• Significant opportunities for career advancement within a global organization.