Remote Actuarial Analyst - Life Insurance

Placements24; Free State; Hybrid; ZAR 550,000 - 900,000; Full time

Benefits offered by this job

Remote work

Study support

Health insurance

Paid time off

Professional development

Bonuses

Job summary

Placements24 presents an opportunity for an Actuarial Analyst to join a leading life insurance provider in a fully remote role. You will develop and analyze actuarial models for pricing, reserving, product development, and financial reporting across life insurance products.

The role requires strong analytical skills, a background in Actuarial Science, and progress toward actuarial examinations, with experience in Prophet, GGY Axis, ALIS, Python or R. Remote work supports work-life balance.

Qualifications

• Bachelor's degree in Actuarial Science, Mathematics, Statistics, or related quantitative field.
• Progress towards actuarial examinations (e.g., SOA/ASSA) with some exams passed preferred.
• 3-5 years of actuarial experience within the life insurance industry.
• Proficiency in actuarial modeling software (Prophet, GGY Axis, ALIS) and programming languages (Python or R).

Responsibilities

• Develop, implement, and maintain actuarial models for pricing, reserving, and financial projections related to life insurance products.
• Perform data analysis, statistical modeling, and assumption setting using actuarial software and programming languages.
• Assist in the valuation of liabilities and capital requirements for life insurance business.
• Support the development and pricing of new life insurance products.
• Prepare actuarial reports and presentations for management, regulators, and auditors.
• Conduct experience studies (morbidity, mortality, lapse) to inform actuarial assumptions.
• Ensure compliance with relevant actuarial standards of practice and regulatory requirements.
• Collaborate with other departments, including finance, product development, and risk management.
• Stay current with industry trends, emerging risks, and advancements in actuarial techniques.
• Contribute to the continuous improvement of actuarial processes and methodologies.

Skills

Actuarial modeling

Data analysis

Independent remote work

Strong communication

Education

Bachelor's degree in Actuarial Science, Mathematics, Statistics, or related quantitative field

Tools

Prophet

GGY Axis

ALIS

Python

R

Job description

About the Role

Our client, a highly respected life insurance company, is seeking a talented **Actuarial Analyst** to join their fully remote team. This role is crucial for developing and analyzing complex actuarial models that support pricing, reserving, product development, and financial reporting for life insurance products. You will work with vast datasets, applying advanced statistical techniques and actuarial principles to provide critical insights that guide strategic decision-making. The ideal candidate is highly analytical, possesses strong quantitative skills, and has a solid understanding of life insurance products and regulations. This is an exceptional opportunity for an ambitious actuary to advance their career in a flexible, remote-first environment while contributing to the financial health and innovation of a leading insurance provider. You will collaborate with a global team of actuaries and data professionals, tackling challenging problems in the life insurance domain. The role emphasizes continuous learning and professional development in actuarial science.

Key Responsibilities

• Develop, implement, and maintain actuarial models for pricing, reserving, and financial projections related to life insurance products.
• Perform data analysis, statistical modeling, and assumption setting using actuarial software and programming languages.
• Assist in the valuation of liabilities and capital requirements for life insurance business.
• Support the development and pricing of new life insurance products.
• Prepare actuarial reports and presentations for management, regulators, and auditors.
• Conduct experience studies (morbidity, mortality, lapse) to inform actuarial assumptions.
• Ensure compliance with relevant actuarial standards of practice and regulatory requirements.
• Collaborate with other departments, including finance, product development, and risk management.
• Stay current with industry trends, emerging risks, and advancements in actuarial techniques.
• Contribute to the continuous improvement of actuarial processes and methodologies.

Requirements

• Bachelor's degree in Actuarial Science, Mathematics, Statistics, or a related quantitative field.
• Progress towards actuarial examinations (e.g., SOA/ASSA) is required, with a significant number of exams passed preferred.
• 3-5 years of actuarial experience within the life insurance industry.
• Proficiency in actuarial modeling software (e.g., Prophet, GGY Axis, ALIS) and programming languages like Python or R.
• Strong understanding of life insurance products, valuation, and regulatory frameworks.
• Excellent analytical, problem-solving, and quantitative skills.
• Effective written and verbal communication skills, with the ability to explain complex concepts.
• Demonstrated ability to work independently and manage multiple projects remotely.
• High attention to detail and commitment to accuracy.
• Experience with data manipulation and analysis tools is beneficial.

Benefits

• Highly competitive annual salary up to R .
• Fully remote working arrangement, offering significant work-life balance.
• Significant study support and time off for actuarial exams.
• Opportunity to work with a leading, innovative life insurance company.
• Comprehensive health, dental, and vision insurance coverage.
• Generous paid time off and holidays.
• Access to professional development resources and conferences.
• Performance bonuses and recognition.
• Collaborative virtual team environment fostering professional growth.
• Contribute to critical actuarial functions impacting business strategy from **Upington, Northern Cape** or anywhere in ZA remote.