Senior Actuarial Analyst

Placements24; Benoni; Hybrid; ZAR 900,000 - 1,300,000; Full time

Benefits offered by this job

Medical aid

Life insurance

Retirement savings plans

Professional development support

Job summary

Placements24 is seeking a Senior Actuarial Analyst for a fully remote role supporting a leading global insurer. The position focuses on pricing new products, reserving, and evaluating financial implications across diverse risk scenarios from any location.

The ideal candidate will hold actuarial fellowship or near fellowship, with 5+ years in insurance and strong skills in Prophet, R, Python and SQL. Collaboration with multiple teams is essential.

Qualifications

• Fellowship or near-fellowship of a recognized actuarial society is required.
• Minimum 5 years of actuarial experience in insurance.
• Strong proficiency with actuarial modeling software (Prophet) and data tools (SQL).

Responsibilities

• Develop, implement, and maintain actuarial models for pricing, reserving, and forecasting.
• Analyze insurance data to identify trends and support product development.
• Prepare actuarial reports for senior management and stakeholders.

Skills

Actuarial modeling

Analytical thinking

Communication to non-technical

Education

Fellowship/near-Fellowship of actuarial society

Tools

Prophet

R

Python

SQL

Job description

About the Role

Our client, a leading global insurer, is seeking a highly skilled Senior Actuarial Analyst to join their sophisticated, fully remote actuarial team. This role is instrumental in developing and maintaining actuarial models, performing complex financial analysis, and providing strategic insights to support business decision-making, particularly concerning insurance products relevant to the Benoni, Gauteng region and beyond. The position is 100% remote, allowing for a flexible work arrangement from any location. You will be responsible for pricing new products, evaluating reserves, and assessing the financial implications of various risk scenarios. The ideal candidate will possess advanced actuarial qualifications, exceptional analytical capabilities, and a deep understanding of insurance mathematics and statistics. We are searching for a seasoned professional who can contribute significant expertise to our client's actuarial functions in a remote capacity.

Key Responsibilities

Develop, implement, and maintain actuarial models for pricing, reserving, and financial forecasting. Analyze insurance data to identify trends, assess risks, and support product development initiatives. Perform valuation of liabilities and solvency assessments in compliance with regulatory requirements. Collaborate with underwriting, product development, and finance teams to provide actuarial insights. Prepare detailed actuarial reports and present findings to senior management and stakeholders. Conduct profitability analysis and recommend strategies for improving financial performance. Stay abreast of the latest developments in actuarial science, financial modeling, and insurance regulations. Mentor and guide junior actuarial staff remotely. Contribute to the enhancement of actuarial processes and methodologies. Ensure the accuracy and integrity of all actuarial calculations and data.

Requirements

Fellowship or near-fellowship of a recognized actuarial society (e.g., Actuarial Society of South Africa, Institute and Faculty of Actuaries). A minimum of 5 years of relevant actuarial experience in the insurance industry. Strong proficiency in actuarial modeling software (e.g., Prophet, R, Python) and data manipulation tools (e.g., SQL). Advanced knowledge of statistical analysis, probability theory, and financial mathematics. Excellent analytical, problem-solving, and critical thinking skills. Proven ability to communicate complex technical information clearly and concisely to non-technical audiences. Demonstrated experience working effectively in a fully remote team environment. Understanding of South African insurance regulations and market dynamics. High level of ethical conduct and professional responsibility. Ability to manage multiple projects simultaneously and meet demanding deadlines.

Benefits

Our client offers a highly competitive salary and a comprehensive benefits package, including medical aid, life insurance, and retirement savings plans. Significant opportunities for professional development, including support for actuarial examinations and continuous learning, are provided. This fully remote role offers exceptional work-life balance and the freedom to work from any location. You will be part of an innovative and respected global insurance company, contributing to critical financial decisions that impact clients across the country, including those in the Benoni, Gauteng area.