Remote Actuarial Analyst - Life Insurance

Placements24; Mossel Bay; Hybrid; ZAR 600,000 - 1,000,000; Full time

Benefits offered by this job

Competitive salary & bonuses

Remote-friendly benefits package

Actuarial exam sponsorship

Generous paid time off

Advanced actuarial software access

Global team collaboration

Remote-first work

Job summary

Placements24 is seeking a Remote Actuarial Analyst for our client, a life insurance leader. You will apply advanced mathematical methods to pricing, reserving, and forecasting across SA markets from anywhere in South Africa.

The role requires a degree in actuarial sciences or related field, progress toward several actuarial exams, and at least three years in life insurance modeling. Proficiency in Prophet, ALIS or Moses and Python/R/SQL is highly desirable.

Qualifications

• Bachelor's degree in Actuarial Science, Mathematics, Statistics or closely related field.
• Progress towards actuarial examinations (e.g., at least 3 exams) is essential.
• Minimum 3 years of life insurance experience with actuarial modelling exposure.

Responsibilities

• Develop, test, and implement actuarial models for pricing, reserving, and financial forecasting related to life insurance products.
• Analyze mortality data, lapse rates, and other relevant factors to inform product development and pricing strategies.
• Perform financial projections and sensitivity analyses to assess the impact of market conditions on profitability and solvency.
• Assist in regulatory filings and financial statements, ensuring compliance with actuarial standards.
• Collaborate with pricing, product development, and risk management teams to provide actuarial insights.
• Conduct research into new actuarial techniques, tools, and methodologies to enhance efficiency and accuracy.
• Support the valuation of liabilities and assessment of capital requirements for the life insurance portfolio.
• Communicate complex actuarial findings clearly to technical and non-technical stakeholders.
• Contribute to continuous improvement of actuarial processes and systems within a remote-first framework.

Skills

Analytical skills

Problem solving

Quantitative skills

Communication skills

Education

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

Tools

Prophet

ALIS

Moses

Python

R

SQL

Job description

About the Role

Our client, a globally recognized leader in life insurance, is actively seeking a talented and motivated Remote Actuarial Analyst to join their esteemed team. This position is fully remote, offering the flexibility to work from any location within South Africa. You will be integral in applying advanced mathematical and statistical methods to assess financial risks, develop pricing models, and ensure the solvency of life insurance products. This role presents an exceptional opportunity to contribute significantly to the financial health and strategic direction of the company from a remote setting. We are committed to fostering a flexible and supportive work environment for our remote employees. Your analytical prowess will be key in navigating the complex financial landscape of life insurance, driving informed decision-making, and safeguarding the company's long-term sustainability. You will collaborate with a dedicated global team, utilizing cutting-edge tools and methodologies to tackle challenging actuarial problems.

Key Responsibilities

• Develop, test, and implement actuarial models for pricing, reserving, and financial forecasting related to life insurance products.
• Analyze mortality data, lapse rates, and other relevant factors to inform product development and pricing strategies.
• Perform financial projections and sensitivity analyses to assess the impact of various market conditions on profitability and solvency.
• Assist in the preparation of regulatory filings and financial statements, ensuring compliance with actuarial standards.
• Collaborate with pricing, product development, and risk management teams to provide actuarial insights.
• Conduct research into new actuarial techniques, tools, and methodologies to enhance efficiency and accuracy.
• Support the valuation of liabilities and the assessment of capital requirements for the life insurance portfolio.
• Communicate complex actuarial findings clearly and concisely to both technical and non-technical stakeholders.
• Contribute to the continuous improvement of actuarial processes and systems within a remote-first framework.

Requirements

• A Bachelor's degree in Actuarial Science, Mathematics, Statistics, or a closely related quantitative field.
• Progress towards actuarial examinations (e.g., completion of at least 3 actuarial exams) is essential.
• A minimum of 3 years of relevant experience in the life insurance industry, with exposure to actuarial modeling.
• Proficiency in actuarial software (e.g., Prophet, ALIS, Moses) and programming languages (e.g., Python, R, SQL) is highly desirable.
• Strong analytical, problem-solving, and quantitative skills.
• Excellent written and verbal communication skills, with the ability to articulate technical concepts effectively.
• Detail-oriented with a commitment to accuracy and quality in all work produced.
• Proven ability to work independently, manage multiple projects, and meet deadlines in a remote setting.

Benefits

• Highly competitive salary and performance-based bonuses.
• Comprehensive remote work benefits package, including home office stipend and high-speed internet reimbursement.
• Full sponsorship for actuarial exam fees and study materials.
• Generous paid time off and company holidays.
• Access to advanced actuarial software and training opportunities.
• Opportunity to work with a global team of leading actuaries and insurance professionals.
• Significant impact on the financial strategy of a leading life insurer, operating entirely remotely.