Remote Actuarial Analyst - Life Insurance Products

Placements24; George; Hybrid; ZAR 900,000 - 1,350,000; Full time

Benefits offered by this job

Fully remote work

Competitive salary package

Medical and dental insurance

Retirement savings plan

Online professional development

Job summary

Placements24 seeks a Remote Actuarial Analyst for a progressive international insurer, focusing on life insurance product development and pricing. This remote role operates from anywhere within South Africa, emphasizing pricing models, experience analyses, and regulatory valuations.

You will collaborate with product management, underwriting, and finance to bring new offerings to market while maintaining profitability and solvency in a remote-first culture.

Qualifications

• Bachelor's degree in Actuarial Science or related quantitative field.
• Progress towards actuarial examinations.
• 3+ years of life insurance actuarial experience.
• Proficiency in Prophet/AXIS and programming languages.

Responsibilities

• Develop and maintain pricing models for life insurance products.
• Perform experience analyses and incorporate findings into pricing and reserving.
• Prepare valuations and regulatory reports.
• Collaborate with IT and business units on product features and system changes.
• Stay updated on industry trends and regulatory changes.

Skills

Actuarial software

Python

R

SQL

Analytical thinking

Communication

Education

Bachelor's degree in Actuarial Science

Tools

Prophet

AXIS

Job description

About the Role

Our client, a progressive international insurer, is expanding its actuarial team and seeks a talented Remote Actuarial Analyst to focus on life insurance product development and pricing. This is a fully remote position, allowing you to work from anywhere within South Africa. You will play a crucial role in developing innovative life insurance products, conducting financial projections, and ensuring the profitability and solvency of our product portfolios. This role demands strong analytical skills, a deep understanding of actuarial principles, and proficiency in statistical modeling and programming. You will collaborate closely with product management, underwriting, and finance teams to bring new and improved offerings to market. We are committed to fostering a remote-first culture that supports work-life balance and technological innovation.

Key Responsibilities

• Develop and maintain pricing models for new and existing life insurance products.
• Perform experience analyses (morbidity, mortality, lapse) and incorporate findings into pricing and reserving.
• Conduct profitability studies and sensitivity analyses to assess product performance under various scenarios.
• Assist in the development of product specifications, features, and benefit designs.
• Prepare actuarial valuations and reports for regulatory submissions and internal management.
• Collaborate with IT and business units to implement and test product features and system changes.
• Stay abreast of industry trends, regulatory changes, and emerging risks impacting the life insurance market.
• Provide actuarial support for product marketing and sales initiatives.
• Contribute to the continuous improvement of actuarial methodologies and tools.

Requirements

• Bachelor's degree in Actuarial Science, Mathematics, Statistics, or a related quantitative field.
• Progress towards actuarial examinations (e.g., Society of Actuaries, Actuarial Society of South Africa).
• Minimum of 3 years of actuarial experience, specifically within the life insurance sector.
• Proficiency in actuarial software (e.g., Prophet, AXIS) and programming languages (e.g., Python, R, SQL).
• Strong understanding of life insurance product features, pricing, and reserving principles.
• Excellent analytical, problem-solving, and critical thinking skills.
• Ability to communicate complex technical concepts clearly to non-actuarial stakeholders.
• Proven ability to work independently and manage multiple projects in a remote setting.
• Excellent attention to detail and commitment to data accuracy.

Benefits

• As a fully remote role, you receive the flexibility to work from your preferred location.
• Our client provides a highly competitive salary package, comprehensive medical and dental insurance, and a substantial retirement savings plan.
• Access to online professional development resources, virtual training sessions, and support for actuarial exam Jeżeli is provided.
• We offer a flexible work schedule designed to promote a healthy work-life integration.
• Join an innovative and globally connected team from the comfort of your home, contributing to impactful projects in the life insurance industry.