Senior Actuarial Analyst - Life Insurance

Placements24; Benoni; Hybrid; ZAR 900,000 - 1,500,000; Full time

Benefits offered by this job

Remote-first work

Study support for actuarial exams

Medical aid

Retirement benefits

Career progression opportunities

Job summary

Placements24 in South Africa seeks a Senior Actuarial Analyst to join a remote team, focusing on pricing, reserving, modeling and risk management for life insurance products.

You will collaborate with actuarial, finance and product teams, mentor juniors, and help ensure solvency and financial health while working from home.

Qualifications

• Progress towards or completion of actuarial examinations (ASISA or SOA).
• Minimum 4 years actuarial experience in life insurance.
• Experience with actuarial modeling software and programming languages.
• Ability to explain complex concepts to non-technical audiences.

Responsibilities

• Develop and maintain pricing models for life insurance products.
• Calculate and review technical provisions (reserves).
• Perform experience analysis (morbidity, mortality, lapse).
• Conduct profitability studies and sensitivity analyses.
• Assist in development and validation of actuarial software and systems.
• Prepare actuarial reports for stakeholders, regulators, and auditors.
• Support the valuation of liabilities and capital modeling.
• Stay updated on industry trends and regulatory changes.
• Mentor junior members of the actuarial team.

Skills

Analytical thinking

Communication

Self-motivation

Education

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

Tools

Prophet

MoSes

SQL

Python

R

Job description

About the Role

Our client, a distinguished leader in the life insurance sector, is looking for a highly skilled Senior Actuarial Analyst to join their remote team. This position is entirely remote, offering flexibility to work from any location within South Africa. You will play a crucial role in pricing, reserving, financial modeling, and risk management for a variety of life insurance products. This role demands a strong quantitative background, excellent analytical skills, and the ability to communicate complex actuarial concepts clearly. You will collaborate with actuarial, finance, and product development teams, contributing to strategic decision-making and ensuring the financial health and solvency of the company. This is an exceptional opportunity for an ambitious actuarial professional to advance their career in a supportive, remote-first environment that encourages continuous learning and professional growth.

Key Responsibilities

• Develop and maintain pricing models for new and existing life insurance products.
• Calculate and review technical provisions (reserves) in accordance with relevant regulations and accounting standards.
• Perform experience analysis (morbidity, mortality, lapse) to inform assumptions and improve models.
• Conduct profitability studies and sensitivity analyses to assess product performance and risks.
• Assist in the development and validation of actuarial software and systems.
• Prepare actuarial reports for internal stakeholders, regulators, and auditors.
• Support the valuation of the company's liabilities.
• Contribute to capital modeling and solvency assessments.
• Stay abreast of industry trends, regulatory changes, and new actuarial techniques.
• Mentor junior members of the actuarial team.

Requirements

• Progress towards or completion of actuarial examinations (e.g., Actuarial Society of South Africa, SOA).
• A minimum of 4 years of actuarial experience, specifically within the life insurance industry.
• Strong proficiency in actuarial modeling software (e.g., Prophet, MoSes) and programming languages (e.g., SQL, Python, R).
• Excellent analytical, quantitative, and problem-solving skills.
• Proven ability to manage projects and deliver results within deadlines.
• Strong written and verbal communication skills, with the ability to explain technical concepts to non-technical audiences.
• Experience with Solvency II or similar regulatory frameworks is a plus.
• Bachelor's degree in Actuarial Science, Mathematics, Statistics, or a related quantitative field.
• Self-motivated and able to work independently in a remote setting.

Benefits

• A highly competitive annual salary of R .
• Fully remote work arrangement, offering unparalleled work-life balance.
• Generous study support and financial assistance for actuarial examinations.
• Comprehensive medical aid and retirement benefits.
• Opportunities for rapid career progression and professional development.
• Access to advanced actuarial tools and technologies.
• A collaborative and innovative remote work culture.