Senior Actuarial Analyst

Placements24; Pietermaritzburg; Hybrid; ZAR 900,000 - 1,200,000; Full time

Benefits offered by this job

Performance bonuses

Health benefits

Paid time off

Pro development support

Career advancement

Advanced tools

Remote culture

Impactful projects

Job summary

Placements24 is seeking a Senior Actuarial Analyst for a fully remote position based in South Africa. You will develop and maintain pricing, reserving, and forecasting models while collaborating with cross-functional teams to shape product pricing and financial forecasting.

This role emphasizes data-driven decision making in a fast-paced insurance environment. You will analyze portfolios, mentor junior staff, and ensure regulatory compliance, with opportunities for professional development and

Qualifications

• Bachelor's degree in Actuarial Science or related quantitative field.
• Progress toward actuarial credentials (FIA, FSA, ASA) is preferred.
• Minimum 5 years of actuarial experience in the insurance industry.
• Experience with actuarial software and programming languages (Python, R, SQL).
• Strong analytical, communication, and problem-solving abilities.

Responsibilities

• Develop, implement, and maintain actuarial pricing, reserving, and forecasting models.
• Analyze complex data to identify risks and trends within insurance portfolios.
• Collaborate with underwriting, product development, and finance to provide actuarial insights.
• Prepare detailed reports and presentations for senior management.
• Ensure regulatory compliance and adherence to best practices.
• Mentor junior staff and contribute to methodological improvements.
• Evaluate financial impact of new products and business strategies.
• Conduct ad-hoc analyses to support business needs.

Skills

Actuarial modeling

Data analysis

Python

R

SQL

Communication skills

Education

Bachelor's degree in Actuarial Science

Progress towards FIA/FSA/ASA

Tools

Prophet

MoSes

Job description

About the Role

Our client, a leading innovator in the insurance sector, is seeking a highly analytical and forward-thinking Senior Actuarial Analyst to join their dynamic, fully remote team. This is an exceptional opportunity to contribute to critical business decisions, develop sophisticated financial models, and drive strategic growth within a company that values expertise and professional development. You will work collaboratively with cross-functional teams, providing essential insights that shape product pricing, risk management, and financial forecasting. The role is designed for an individual who thrives in a challenging, data-driven environment and is passionate about leveraging actuarial science to solve complex insurance problems. As a fully remote position, we offer the flexibility and autonomy to excel from anywhere in **South Africa**, fostering a strong work-life balance. Join us and be at the forefront of actuarial innovation in the **insurance** industry.

Key Responsibilities

• Develop, implement, and maintain actuarial models for pricing, reserving, and forecasting.


• Perform complex data analysis to assess risks and identify trends within the **insurance** portfolio.


• Collaborate with underwriting, product development, and finance teams to provide actuarial insights and support strategic initiatives.


• Prepare detailed reports and presentations on actuarial findings for senior management.


• Ensure compliance with regulatory requirements and industry best practices.


• Mentor junior actuarial staff and contribute to the continuous improvement of actuarial methodologies.


• Evaluate the financial impact of new products and business strategies.


• Conduct ad-hoc analysis as required to support business needs.

Requirements

• Bachelor's degree in Actuarial Science, Mathematics, Statistics, or a related quantitative field.


• Progress towards or completion of actuarial exams (e.g., FIA, FSA, ASA).


• Minimum of 5 years of experience in the **insurance** industry, with a strong focus on actuarial modeling.


• Proficiency in actuarial software (e.g., Prophet, MoSes) and programming languages (e.g., Python, R, SQL).


• Excellent analytical, problem-solving, and critical thinking skills.


• Strong communication and interpersonal skills, with the ability to explain complex technical concepts to non-technical audiences.


• Proven ability to work independently and manage multiple projects in a remote setting.


• Understanding of life, health, or short-term **insurance** products.

Benefits

• Competitive salary and performance-based bonuses.


• Comprehensive health and wellness benefits package.


• Generous paid time off and holiday schedule.


• Professional development support, including exam support and study leave.


• Opportunities for career advancement within a growing organization.


• Cutting-edge technology and tools to support your work.


• A collaborative and supportive remote work culture.


• Contribution to impactful projects within the **insurance** sector.