Senior Actuarial Analyst - Life Insurance

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

Benefits offered by this job

Competitive salary

Bonuses and actuarial exam support

Medical aid and pension contributions

Paid time off

Training and development opportunities

Team events

Job summary

Placements24 seeks a Senior Actuarial Analyst for our client, a leading insurer in Johannesburg, Gauteng. You will apply advanced actuarial techniques to price products, evaluate risk, and support financial stability in a dynamic market.

The role requires a Bachelor's in Actuarial Science or related field, progress toward actuarial exams, and 5+ years in actuarial work, preferably life insurance. Strong analytical and communication skills are essential, with proficiency in Prophet, Moses, TAS,

Qualifications

• Bachelor's degree in Actuarial Science or related quantitative field.
• Progress towards actuarial examinations (e.g., FSA, FIA, or equivalent).
• Minimum 5 years actuarial experience, preferably in life insurance.
• Proficiency in actuarial software Prophet/Moses/TAS and strong Excel skills.
• Experience with Python or R is advantageous.

Responsibilities

• Conduct actuarial valuations and projections for life insurance products.
• Develop pricing models to ensure competitive and profitable offerings.
• Perform experience analyses (mortality, morbidity, lapse) and adjust as needed.
• Assist in development and testing of new insurance products.
• Collaborate with underwriting, claims and finance for actuarial insights.
• Ensure regulatory compliance and best practices.
• Mentor junior actuarial staff and contribute to team development.
• Prepare reports and presentations for senior management.

Skills

Analytical skills

Problem solving

Communication

Teamwork

Education

Bachelor's degree in Actuarial Science/Math/Statistics

Tools

Prophet

Moses

TAS

Python

R

Job description

About the Role

Our client, a leading insurer in the South African market, is seeking a highly analytical and detail-oriented Senior Actuarial Analyst to join their dynamic team in Johannesburg, Gauteng . This pivotal role involves leveraging advanced actuarial techniques to assess risk, price products, and ensure the financial stability of the company. You will play a crucial part in developing and implementing innovative strategies that drive profitability and enhance our client's competitive edge within the insurance sector. The ideal candidate will possess a strong foundation in actuarial science, exceptional problem-solving skills, and a proactive approach to tackling complex financial challenges. This is an excellent opportunity to advance your career in a supportive and growth-oriented environment.

Key Responsibilities

• Conducting complex actuarial valuations and projections for life insurance products.
• Developing and maintaining pricing models to ensure competitive and profitable product offerings.
• Performing experience analyses (morbidity, mortality, lapse) and recommending adjustments.
• Assisting in the development and testing of new insurance products.
• Collaborating with underwriting, claims, and finance departments to provide actuarial insights.
• Ensuring compliance with regulatory requirements and industry best practices.
• Mentoring junior actuarial staff and contributing to team development.
• Preparing reports and presentations for senior management and stakeholders.

Requirements

• A Bachelor's degree in Actuarial Science, Mathematics, Statistics, or a related quantitative field.
• Progress towards actuarial examinations (e.g., FSA, FIA, or equivalent).
• A minimum of 5 years of relevant actuarial experience, preferably within the life insurance industry.
• Proficiency in actuarial software (e.g., Prophet, Moses, TAS) and strong Excel skills.
• Experience with programming languages such as Python or R is advantageous.
• Excellent analytical, problem-solving, and critical thinking abilities.
• Strong communication and interpersonal skills, with the ability to explain complex concepts clearly.
• Ability to work independently and as part of a team in a fast-paced environment.

Benefits

Our client offers a comprehensive benefits package designed to support your professional and personal well-being.

• This includes a competitive salary, performance-based bonuses, and substantial support for actuarial examinations.
• Employees also benefit from a generous medical aid plan, retirement fund contributions, and ample paid time off.
• Opportunities for continuous professional development, including attending industry conferences and advanced training, are readily available.
• The company fosters a collaborative and inclusive work culture, with regular team-building events and a commitment to work-life balance.
• This role is based in the vibrant city of Johannesburg, Gauteng , offering access to extensive amenities and a thriving business community.