Remote Actuarial Analyst - Life Insurance

Placements24; Klerksdorp; Hybrid; ZAR 650,000 - 900,000; Full time

Benefits offered by this job

Medical aid

Pension fund

Exam fee support

Remote work flexibility

Job summary

Placements24 is recruiting an Actuarial Analyst for a fully remote role with a leading SA life insurer. You will price new life insurance products, build financial models, and review reserves to support strategic decisions.

Ideal candidates hold a Bachelor's in Actuarial Science or related field, have at least three actuarial exams passed, three years life-insurance experience, and strong Prophet/ALFA, R or Python skills for modeling.

Qualifications

• Degree in a quantitative field such as Actuarial Science, Math, or Statistics.
• Minimum three actuarial examinations passed with ongoing professional development.
• At least three years' experience in the life insurance industry.
• Strong knowledge of life insurance products, valuation methods, and assumptions.

Responsibilities

• Assist in pricing life insurance products with mortality assumptions and margins.
• Develop and maintain financial models for valuation, forecasting, and profitability.
• Calculate and review reserves for life insurance liabilities per regulations.
• Perform data analysis and statistical modeling for actuarial studies.
• Prepare regulatory filings and reporting requirements.
• Support product development with actuarial insights.
• Collaborate with finance, marketing, and product teams on actuarial matters.
• Contribute to actuarial software and tool implementation.
• Stay updated on industry trends, regulations and best practices.
• Conduct peer reviews of actuarial work.

Skills

Pricing life products

Data analysis

Statistical modeling

Problem solving

Education

Bachelor's degree in Actuarial Science / Mathematics / Statistics

3 actuarial examinations passed

Tools

Prophet

ALFA

R

Python

Job description

About the Role Our client, a leading life insurance provider, is actively seeking a talented and motivated Actuarial Analyst to join their dynamic team. This role is fully remote, offering the flexibility to work from anywhere while contributing to critical actuarial functions. The Analyst will be involved in a wide range of activities, including pricing new products, reserving, financial modeling, and data analysis to support strategic decision-making. The ideal candidate will possess strong quantitative skills, a solid understanding of actuarial principles, and a commitment to professional development within the actuarial field. You will collaborate with various departments to ensure the financial health and sustainability of the company's life insurance products. This is an excellent opportunity for an actuarial professional to grow their career within a supportive and innovative remote work environment.

Key Responsibilities

• Assist in the pricing of new life insurance products, including mortality assumptions and profit margins.
• Develop and maintain financial models for valuation, forecasting, and profitability analysis.
• Calculate and review reserves for life insurance liabilities in accordance with regulatory requirements.
• Perform data analysis and statistical modeling to support actuarial studies and business decisions.
• Assist in the preparation of regulatory filings and reporting requirements.
• Support product development initiatives by providing actuarial insights and analysis.
• Collaborate with other departments, such as finance, marketing, and product development, on actuarial-related matters.
• Contribute to the development and implementation of actuarial software and tools.
• Stay updated on industry trends, new regulations, and actuarial best practices.
• Conduct peer reviews of actuarial work performed by colleagues.

Requirements

• Bachelor's degree in Actuarial Science, Mathematics, Statistics, or a related quantitative field.
• Passed a minimum of 3 actuarial examinations from a recognized professional body (e.g., Actuarial Society of South Africa).
• A minimum of 3 years of relevant experience in the life insurance industry.
• Strong knowledge of life insurance products, actuarial principles, and valuation methods.
• Proficiency in actuarial modeling software (e.g., Prophet, ALFA) and statistical software (e.g., R, Python).
• Excellent analytical, problem-solving, and quantitative skills.
• Strong written and verbal communication skills.
• Ability to work independently and manage multiple projects effectively in a remote setting.
• Eagerness to pursue further actuarial designations and professional development.
• High attention to detail and commitment to accuracy.

Benefits

• Our client offers a competitive salary, performance-based bonuses, and comprehensive benefits, including medical aid, a generous pension fund, and support for actuarial exam fees and study materials.
• As a fully remote position, it provides significant flexibility and work-life balance.
• Our client is committed to professional growth and offers excellent opportunities for career advancement within the actuarial field.
• You will join a collaborative team environment, working on impactful projects from the comfort of your home office, contributing to the financial success of a leading life insurer.