Remote Actuarial Analyst

Placements24; Soweto; Hybrid; ZAR 600,000 - 1,000,000; Full time

Benefits offered by this job

Medical aid

Retirement fund

Study assistance

Remote-friendly culture

Job summary

Placements24 is seeking a Remote Actuarial Analyst to join a fully remote actuarial team. You will develop and maintain models for pricing, reserving, and forecasting, working with large datasets and advanced tools while collaborating with pricing, underwriting and claims teams.

The ideal candidate has a strong quantitative background, at least 3 years in actuarial roles, and progress toward actuarial designations.

Qualifications

• Bachelor's degree in Actuarial Science or related quantitative field.
• Progress toward actuarial examinations (e.g., SASA or equivalent).
• Minimum 3 years actuarial experience in insurance.

Responsibilities

• Develop and maintain actuarial models for pricing, reserving, and forecasting.
• Analyze large datasets to identify trends and drivers.
• Calculate loss reserves and premium rates.
• Support valuation of instruments and liabilities.
• Contribute to regulatory reporting and internal analysis.
• Collaborate with pricing, underwriting, and claims teams.
• Document models and assumptions clearly.
• Support progression towards actuarial designations.

Skills

Actuarial analysis

Data analysis

Remote work capacity

Education

Bachelor's degree in Actuarial Science

Actuarial exams in progress

Tools

Prophet

R

Python

SQL

Job description

About the Role

Our client is seeking a talented and motivated Remote Actuarial Analyst to join their fully remote actuarial department. This role is crucial for developing and maintaining the mathematical models that underpin our insurance products, ensuring pricing accuracy, reserve adequacy, and overall financial stability. You will work with large datasets, sophisticated modeling software, and collaborate with actuaries and other business units to provide critical insights. The ideal candidate is a highly analytical individual with a strong quantitative background and a passion for problem-solving. This is an excellent opportunity to advance your actuarial career in a flexible, remote-first environment. We are looking for individuals who are driven, detail-oriented, and committed to professional growth. Your contributions will directly impact the company's financial health and strategic planning in the competitive insurance landscape. This is a fully remote role offering significant autonomy.

Key Responsibilities

• Assist in the development, implementation, and maintenance of actuarial models for pricing, reserving, and financial forecasting.
• Analyze large datasets to identify trends, patterns, and key drivers related to insurance risks.
• Perform calculations for loss reserves, premium rates, and other actuarial liabilities.
• Support the valuation of financial instruments and liabilities.
• Contribute to regulatory reporting requirements and internal financial analysis.
• Collaborate with pricing, underwriting, and claims teams to provide actuarial expertise.
• Conduct ad-hoc analysis and research on various actuarial topics.
• Stay current with actuarial standards of practice, industry trends, and regulatory changes.
• Document models and assumptions clearly and concisely.
• Support the progression towards actuarial designations.

Requirements

• Bachelor's degree in Actuarial Science, Mathematics, Statistics, or a related quantitative field.
• Progress towards or completion of actuarial examinations (e.g., from the Actuarial Society of South Africa or equivalent).
• Minimum of 3 years of experience in an actuarial role within the insurance industry.
• Strong analytical, quantitative, and problem-solving skills.
• Proficiency in actuarial software (e.g., Prophet, R, Python, SQL) and advanced Excel skills.
• Excellent communication and interpersonal skills, with the ability to explain complex concepts clearly.
• Self-motivated, detail-oriented, and capable of working independently in a remote setting.
• Ability to manage multiple projects and meet deadlines effectively.
• A strong desire for continuous learning and professional development.

Benefits

Our client offers a competitive salary, performance-based incentives, and comprehensive benefits including medical aid, a retirement fund, and study assistance for actuarial exams. Enjoy the flexibility and convenience of a fully remote work arrangement, promoting a healthy work-life balance. Join a collaborative and intellectually stimulating team that values innovation and professional excellence. This is a fantastic opportunity to grow your actuarial career while working from home, contributing significantly to our client’s success in Gauteng and beyond.