Remote Senior Actuarial Analyst

Placements24; Sandton; Hybrid; ZAR 1,000,000 - 1,600,000; Full time

Benefits offered by this job

Remote work

Medical aid

Retirement fund

Exam support

Global exposure

Job summary

Placements24 is seeking a Remote Senior Actuarial Analyst for a leading international insurance firm. You will conduct complex actuarial analyses, develop pricing models, and assess financial risks across lines of business from anywhere in South Africa.

The role requires at least 5 years of actuarial experience, proficiency in R/Python/SQL, and progress toward actuarial exams. You will collaborate with underwriting, finance, and claims teams and mentor junior staff in a fully remote setting.

Qualifications

• Minimum 5 years actuarial experience in the insurance industry.
• Progress towards or completion of actuarial examinations is essential.
• Strong proficiency in actuarial software and advanced Excel.
• Excellent analytical, quantitative, and problem-solving abilities.
• Experience in pricing, reserving, or modeling for Life/Non-Life/Health lines.
• Strong knowledge of South African insurance regulations and statutory requirements.
• Excellent written and verbal communication; ability to explain complex concepts clearly.
• Ability to work independently and manage multiple remote projects.

Responsibilities

• Perform pricing, reserving, and risk analyses for multiple lines.
• Develop, implement, and maintain actuarial models using advanced software.
• Analyze insurance data to identify trends and forecast outcomes.
• Collaborate with pricing, underwriting, and finance teams on strategy.
• Assist in valuation of liabilities and capital requirements.
• Prepare reports and present findings to senior management.
• Ensure compliance with actuarial standards and regulations.
• Mentor junior staff within a remote team and drive process improvements.

Skills

Actuarial analysis

Statistical modeling

Communication skills

Independent work

Education

Progress towards actuarial exams

Master’s degree in Actuarial Science or related field

Tools

R

Python

SQL

Prophet

GGY Axis

Excel

Job description

About the Role

Our client, a leading international insurance firm, is seeking an accomplished Remote Senior Actuarial Analyst to bolster their risk management and product development capabilities. This is a fully remote position, offering unparalleled flexibility to work from anywhere in South Africa. You will be instrumental in conducting complex actuarial analyses, developing pricing models, and assessing financial risks across various lines of business. The ideal candidate possesses a strong mathematical aptitude, advanced modeling skills, and a deep understanding of actuarial principles within the insurance context. You will collaborate closely with underwriting, finance, and claims teams to provide critical insights that drive strategic decision-making. This role demands a self‑motivated professional who excels in an independent work environment and is adept at communicating intricate findings clearly to diverse audiences. This remote opportunity is perfect for experienced actuaries looking to leverage their expertise in a flexible, impactful role.

Key Responsibilities

• Perform complex actuarial calculations and analyses for pricing, reserving, and risk assessment.
• Develop, implement, and maintain actuarial models using advanced statistical software.
• Analyze insurance data to identify trends, assess profitability, and forecast future financial outcomes.
• Collaborate with pricing teams to develop competitive and profitable product pricing strategies.
• Assist in the valuation of liabilities and the assessment of capital requirements.
• Prepare reports and present findings and recommendations to senior management and other stakeholders.
• Ensure compliance with all relevant actuarial standards, regulations, and internal policies.
• Stay abreast of industry developments, regulatory changes, and new actuarial techniques.
• Mentor and guide junior actuarial staff as part of a remote team structure.
• Contribute to the continuous improvement of actuarial processes and methodologies.

Requirements

• A minimum of 5 years of actuarial experience within the insurance industry.
• Progress towards or completion of actuarial examinations (e.g., Society of Actuaries, Institute of Actuaries) is essential.
• Strong proficiency in actuarial software (e.g., R, Python, SQL, Prophet, GGY Axis) and advanced Excel skills.
• Excellent analytical, quantitative, and problem‑solving abilities.
• Proven experience in pricing, reserving, or modeling specific insurance lines (e.g., Life, Non‑Life, Health).
• Strong understanding of South African insurance regulations and statutory requirements.
• Exceptional written and verbal communication skills, capable of explaining complex concepts clearly.
• Demonstrated ability to work independently, manage multiple projects, and meet deadlines in a remote setting.
• Proactive attitude and strong desire for continuous learning and professional development.
• Master’s degree in Actuarial Science, Mathematics, Statistics, or a related quantitative field is a plus.

Benefits

• Highly competitive salary package, reflecting extensive actuarial expertise.
• Full remote working arrangement offering significant flexibility and autonomy.
• Comprehensive medical aid, retirement fund, and other benefits.
• Support for ongoing actuarial exam sittings and professional development.
• Significant influence on strategic financial and risk decisions.
• Opportunity to work with a global leader in the insurance sector.
• Access to advanced analytical tools and large datasets.
• A dynamic and intellectually stimulating remote work environment.