Remote Actuarial Analyst

Placements24; Mossel Bay; Hybrid; ZAR 520,000 - 860,000; Full time

Benefits offered by this job

Full medical aid

Pension fund

Study assistance

Job summary

Placements24 is seeking a highly analytical Remote Actuarial Analyst for a leading insurance company. You will analyze financial risks, price products, and support solvency assessments from a home office, leveraging Prophet, R, Python and advanced Excel.

You will develop models, perform experience studies, mentor junior staff, and present findings to management. A bachelor’s in actuarial science and progress toward actuarial exams plus at least four years of insurance experience are required.

Qualifications

• Bachelor’s degree in Actuarial Science, Mathematics, Statistics, or related field.
• Progress towards or completion of actuarial examinations (e.g., Actuarial Society of SA).
• Minimum of 4 years actuarial experience in insurance.
• Proficiency with actuarial modelling software (Prophet) and programming (R, Python).
• Strong analytical and communication skills.

Responsibilities

• Develop, implement, and maintain actuarial models for pricing, reserving, and forecasting.
• Analyze insurance data to identify trends, assess risks, and evaluate profitability.
• Conduct experience studies and analyze loss development patterns.
• Assist in pricing new insurance products.
• Value liabilities and assess solvency requirements.
• Prepare reports and presentations for management and regulators.
• Collaborate with underwriting, claims, and finance for actuarial support.
• Stay updated with actuarial methods and best practices.
• Contribute to actuarial systems and process improvements.
• Mentor junior staff and provide technical guidance.

Skills

Analytical thinking

Statistical analysis

Communication skills

Remote work discipline

Project management

Education

Bachelor's degree in Actuarial Science/Math/Statistics

Progress towards actuarial examinations (e.g., ASISA)

Tools

Prophet

R

Python

Excel

Job description

About the Role

Our client, a leading insurance company, is seeking a highly analytical and motivated Remote Actuarial Analyst to join their esteemed actuarial department. This position is fully remote, allowing you to contribute your expertise from the comfort of your home office. The successful candidate will play a key role in analyzing financial risks, pricing insurance products, and ensuring the company's long-term financial health. You will work with complex data sets, develop statistical models, and provide critical insights to support strategic decision-making. This role requires a strong foundation in actuarial science, exceptional quantitative skills, and the ability to communicate technical findings effectively to non-technical audiences. We are looking for a dedicated professional who thrives in a remote setting and is eager to advance their actuarial career within a supportive, digitally-enabled environment.

Key Responsibilities

• Develop, implement, and maintain actuarial models for pricing, reserving, and financial forecasting.
• Analyze insurance data to identify trends, assess risks, and evaluate profitability.
• Conduct experience studies and analyze loss development patterns.
• Assist in the development and pricing of new insurance products.
• Perform valuation of liabilities and assess solvency requirements.
• Prepare reports and presentations for management, regulatory bodies, and other stakeholders.
• Collaborate with underwriting, claims, and finance departments to provide actuarial support.
• Stay current with actuarial methodologies, software, and industry best practices.
• Contribute to the development and improvement of actuarial systems and processes.
• Mentor junior actuarial staff and provide technical guidance as needed.

Requirements

• A Bachelor's degree in Actuarial Science, Mathematics, Statistics, or a related quantitative field.
• Progress towards or completion of actuarial examinations (e.g., Actuarial Society of South Africa).
• A minimum of 4 years of relevant actuarial experience within the insurance industry.
• Proficiency in actuarial modeling software (e.g., Prophet, R, Python) and advanced Excel skills.
• Strong analytical, statistical, and problem-solving capabilities.
• Excellent written and verbal communication skills, with the ability to explain complex technical concepts clearly.
• Proven ability to work independently and manage multiple projects in a remote environment.
• High level of accuracy and attention to detail.
• Experience with data analysis and database management tools.
• A proactive and continuous learning mindset.

Benefits

This is a fully remote position offering exceptional flexibility. Our client provides a highly competitive salary package, with remuneration up to R per annum, based on qualifications and experience. The benefits are comprehensive, including full medical aid coverage, a substantial pension fund, and study assistance for actuarial examinations. You will have access to cutting-edge technology and remote work tools to facilitate your productivity. Our client is committed to your career progression, offering numerous opportunities for professional growth and development. Join a collaborative and innovative actuarial team from your chosen location.

• full medical aid coverage
• a substantial pension fund
• study assistance for actuarial examinations