Remote Senior Actuarial Analyst - Life Insurance

Placements24; Graafwater; Hybrid; ZAR 1,200,000 - 1,700,000; Full time

Benefits offered by this job

Remote work

Competitive salary

Study support for actuarial exams

Medical and dental insurance

Retirement savings plan

Career progression opportunities

Job summary

Placements24 is seeking a Senior Actuarial Analyst for a fully remote role within a leading life insurer in South Africa. You will perform pricing, reserving, financial reporting, and product development analyses, guiding strategic decisions with robust models and data insights.

The ideal candidate is near or fully qualified, with 5+ years in life insurance, proficiency in Prophet/AXIS, R or Python, and strong communication skills to explain complex results to non-actuarial stakeholders.

Qualifications

• Strong quantitative, analytical and problem-solving abilities.
• Excellent written and verbal communication to explain technical concepts.
• Experience with pricing, reserving and financial reporting in life insurance.

Responsibilities

• Perform complex actuarial calculations for pricing new life insurance products and ensuring profitability.
• Develop, maintain, and validate actuarial models for reserving, solvency, and forecasting.
• Prepare statutory and regulatory financial returns and reports.
• Conduct experience analyses (mortality, morbidity, lapse) to inform pricing and reserving assumptions.
• Support product development with actuarial input and analysis.
• Collaborate with finance and risk teams on projections and capital adequacy.

Skills

Analytical thinking

Communication skills

Independent work

Education

Bachelor's degree in Actuarial Science or related field

Associate or Fellow of actuarial society

Tools

Prophet

AXIS

R

Python

Job description

About the Role

Our client, a prominent and innovative life insurance company, is seeking a highly motivated Senior Actuarial Analyst to join their fully remote team. This role is perfect for a qualified or near-qualified actuary who excels in data analysis, modeling, and risk assessment within the life insurance sector. You will be instrumental in supporting various actuarial functions, including pricing, reserving, financial reporting, and product development. Working remotely, you will collaborate with colleagues across different departments and geographies, contributing your analytical prowess to key strategic decisions. The ideal candidate is a self-starter with exceptional quantitative skills, a deep understanding of life insurance principles, and a passion for leveraging data to drive business insights. Embrace the flexibility and opportunity of a remote career with a leading insurer in South Africa.

Key Responsibilities

• Perform complex actuarial calculations for pricing new life insurance products and ensuring the profitability of existing ones.
• Develop, maintain, and validate actuarial models for reserving, solvency, and financial forecasting.
• Assist in the preparation of statutory and regulatory financial returns and reports.
• Conduct experience analyses (morbidity, mortality, lapse rates) to inform pricing and reserving assumptions.
• Support the product development team by providing actuarial input and analysis for new product initiatives.
• Collaborate with the finance and risk management teams on financial projections and capital adequacy assessments.
• Ensure compliance with relevant actuarial standards of practice and South African regulatory requirements.
• Communicate complex actuarial findings clearly and concisely to non-actuarial stakeholders.
• Contribute to the continuous improvement of actuarial processes, systems, and methodologies.
• Mentor junior actuarial students and provide guidance on actuarial techniques.

Requirements

• Associate or Fellow of a recognized actuarial society (e.g., Actuarial Society of South Africa, Institute and Faculty of Actuaries, Society of Actuaries).
• A minimum of 5 years of relevant actuarial experience in the life insurance industry.
• Strong proficiency in actuarial modeling software (e.g., Prophet, AXIS) and statistical analysis tools (e.g., R, Python).
• Excellent understanding of life insurance products, principles, and valuation methods.
• Proven ability to analyze large datasets and derive meaningful insights.
• Exceptional quantitative, analytical, and problem-solving skills.
• Strong written and verbal communication skills, with the ability to explain technical concepts effectively.
• Self-disciplined and highly organized, with a strong ability to work independently and manage multiple projects simultaneously in a remote environment.
• Bachelor's degree in Actuarial Science, Mathematics, Statistics, or a related quantitative field.

Benefits

• Fully remote working arrangement offering significant work-life balance and flexibility.
• Highly competitive salary and performance-based bonus opportunities.
• Generous study support and time off for actuarial exams.
• Comprehensive medical and dental insurance coverage.
• Retirement savings plan with employer contributions.
• Opportunities for career progression and international exposure.
• A collaborative and intellectually stimulating remote work culture.