Remote Actuarial Analyst (Life Insurance)

Placements24; Richards Bay; Remote; ZAR 600,000 - 900,000; Full time

Benefits offered by this job

Medical aid and retirement benefits

Professional development support (exam

Job summary

Placements24 is seeking a remote Actuarial Analyst to join a life insurance team. The role focuses on developing and maintaining actuarial models, pricing products, and delivering financial analyses to support business goals in a remote-friendly environment.

You should hold a Bachelor's in Actuarial Science or related field, progress toward actuarial designations, and at least three years of life insurance experience, with strong skills in R, Python, and Excel.

Qualifications

• Three years actuarial experience in life insurance.
• Progress towards actuarial designations (e.g., SOA exams).
• Bachelor's degree in Actuarial Science, Mathematics, Statistics, or a related quantitative field.
• Proficiency in R, Python, and Excel.

Responsibilities

• Develop, implement, and maintain actuarial models for pricing life insurance products.
• Perform complex financial and reserving analyses to ensure regulatory compliance and financial soundness.
• Assist in the valuation of liabilities and the projection of future financial performance.
• Analyze mortality, morbidity, and lapse data to inform pricing assumptions.
• Support the product development team with actuarial insights for new life insurance offerings.
• Prepare actuarial reports and present findings to management and other stakeholders.
• Stay current with actuarial standards of practice, regulations, and industry trends.
• Collaborate with IT and data science teams to enhance data quality and analytical capabilities.
• Assist in the development of experience studies and gain/loss analyses.
• Contribute to ad-hoc actuarial projects and initiatives as required.

Education

Bachelor's in Actuarial Science

Tools

Excel

R

Python

Job description

About the Role

Our client is seeking a talented and driven Remote Actuarial Analyst to join their fully remote life insurance team. This critical role involves developing and maintaining actuarial models, pricing insurance products, and conducting financial analyses to support business objectives. As a remote-first position, you will collaborate with actuaries and business stakeholders across different locations, contributing to the financial health and strategic planning of the company. The ideal candidate will have a strong foundation in actuarial science, excellent analytical skills, and a commitment to professional development in the actuarial field. This is a fantastic opportunity to advance your career in actuarial science within a leading insurance organization, offering the flexibility and autonomy of a remote work environment. Your work will directly influence product profitability and risk management strategies. We are dedicated to fostering a supportive and engaging virtual workplace where professional growth is paramount. This role is integral to our ongoing success and innovation in the life insurance sector.

Key Responsibilities

• Develop, implement, and maintain actuarial models for pricing life insurance products.
• Perform complex financial and reserving analyses to ensure regulatory compliance and financial soundness.
• Assist in the valuation of liabilities and the projection of future financial performance.
• Analyze mortality, morbidity, and lapse data to inform pricing assumptions.
• Support the product development team with actuarial insights for new life insurance offerings.
• Prepare actuarial reports and present findings to management and other stakeholders.
• Stay current with actuarial standards of practice, regulations, and industry trends.
• Collaborate with IT and data science teams to enhance data quality and analytical capabilities.
• Assist in the development of experience studies and gain/loss analyses.
• Contribute to ad-hoc actuarial projects and initiatives as required.

Requirements

• Bachelor's degree in Actuarial Science, Mathematics, Statistics, or a related quantitative field.
• Progress towards actuarial designations (e.g., SOA exams passed).
• Minimum of 3 years of actuarial experience in the life insurance industry.
• Strong understanding of actuarial principles, life insurance products, and financial modeling.
• Proficiency in statistical software (e.g., R, Python) and spreadsheet software (e.g., Excel).
• 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 as part of a remote team.
• Knowledge of regulatory requirements for life insurance in South Africa is a plus.
• High level of accuracy and attention to detail.

Benefits

• Our client offers a competitive salary, comprehensive benefits package including medical aid and retirement contributions, and a generous allowance for professional development and exam support.
• As a remote position, you gain significant flexibility and work-life balance.
• We foster a collaborative virtual environment and offer opportunities for career advancement within our actuarial department.
• Employees also benefit from performance bonuses and flexible working hours.

This role is based out of Richards Bay, KwaZulu-Natal , but operates entirely remotely, providing a broad reach for talent acquisition. We are committed to providing a stimulating and supportive remote work experience.