Remote Actuarial Analyst

Placements24; LegKraal Gate; Hybrid; ZAR 700,000 - 1,200,000; Full time

Benefits offered by this job

Fully remote work

Support for actuarial exams

Competitive salary with bonus

Medical aid & retirement

Generous leave

Professional development tools

Job summary

Placements24 is seeking a Remote Actuarial Analyst for a leading South African insurer. You will analyze complex financial data, develop pricing strategies, reserves, and financial models, collaborating with senior actuaries and cross-functional teams from a fully remote setup.

The role requires 3+ years in actuarial work, progress toward actuarial exams, strong analytical skills, and proficiency in Prophet/ResQ, Python, R, SQL, and Excel.

Qualifications

• Minimum 3 years of actuarial experience in the insurance sector.
• Progress towards or completion of actuarial examinations (e.g., ASISA or equivalent).
• Strong analytical, quantitative and problem-solving skills.
• Proficiency with actuarial software (Prophet/ResQ) and programming languages (Python, R, SQL) and Excel.
• Ability to work independently and manage multiple remote projects.

Responsibilities

• Assist in development and maintenance of actuarial models for pricing and reserving.
• Analyze large datasets to identify trends and inform decisions.
• Prepare actuarial reports and presentations for management and regulators.
• Support implementation of new actuarial software and methodologies.
• Collaborate with underwriters, finance and claims teams to provide actuarial input.
• Mentor junior team members as needed.

Skills

Analytical thinking

Problem solving

Communication

Remote collaboration

Education

Actuarial Science degree

Mathematics/Statistics degree

Tools

Prophet

ResQ

Python

R

SQL

Excel

Job description

About the Role

Our client, a leading provider in the insurance industry , is actively seeking a talented and driven Remote Actuarial Analyst to join their esteemed team. This is a fully remote position, offering you the opportunity to work from anywhere within South Africa . The successful candidate will play a crucial role in analyzing complex financial data, assessing insurance risks, and contributing to the development of pricing strategies, reserves, and financial models. Your expertise will be vital in ensuring the company's financial soundness and profitability. This role demands strong analytical, mathematical, and statistical skills, coupled with a deep understanding of actuarial principles and insurance products. You will work closely with senior actuaries and other departments to provide critical insights that inform business decisions. This is an exceptional opportunity for an ambitious actuarial professional to advance their career in a flexible, remote environment while contributing to the success of a major insurance organization.

Key Responsibilities

• Assist in the development and maintenance of actuarial models for pricing, reserving, and financial projections.
• Analyze large datasets to identify trends, assess risks, and support strategic decision-making.
• Conduct experience studies and analyze claims data to inform pricing and reserving assumptions.
• Prepare actuarial reports and presentations for management, regulators, and other stakeholders.
• Support the implementation of new actuarial software and methodologies.
• Collaborate with underwriters, claims teams, and finance departments to provide actuarial support.
• Stay current with actuarial standards of practice, regulatory requirements, and industry innovations.
• Participate in the valuation of liabilities and the assessment of capital adequacy.
• Contribute to the development of predictive models and data analytics initiatives.
• Mentor and support junior members of the actuarial team as needed.

Requirements

• A minimum of 3 years of experience in an actuarial role, preferably within the insurance sector.
• Progress towards or completion of actuarial examinations (e.g., Actuarial Society of South Africa or equivalent).
• Strong analytical, quantitative, and problem-solving skills.
• Proficiency in actuarial software (e.g., Prophet, ResQ), programming languages (e.g., Python, R, SQL), and Excel.
• Excellent written and verbal communication skills, with the ability to explain complex technical concepts clearly.
• A relevant degree in Actuarial Science, Mathematics, Statistics, or a related quantitative field.
• Demonstrated ability to work independently and manage multiple projects effectively in a remote setting.
• High degree of accuracy and attention to detail.
• Understanding of the South African insurance market and regulatory environment.
• Team player with the ability to collaborate effectively with diverse teams.

Benefits

• Fully remote working arrangement, offering excellent work-life balance and flexibility.
• Highly competitive salary and performance-based bonus structure.
• Support for actuarial exam studies and professional development.
• Comprehensive medical aid and retirement fund benefits.
• Generous annual leave and other paid time off.
• Access to cutting-edge actuarial tools and resources.
• A collaborative and intellectually stimulating virtual team environment.
• Significant opportunities for career advancement within a leading insurance company.