Senior Actuarial Analyst: Life Insurance Pricing & Modeling

Placements24; George; On-site; ZAR 900,000 - 1,200,000; Full time

Job summary

Placements24 in George, Western Cape, seeks a Senior Actuarial Analyst to lead complex pricing, reserving, and capital management for life insurance products. You will build and maintain models, perform profitability analyses, and collaborate with underwriting, marketing, and finance to deliver insights and strategic recommendations.

The role demands five years of actuarial experience, strong communication skills, and proficiency with Prophet/TAI and Excel; Python/R are advantageous.

Qualifications

• Bachelor's or Master's degree in Actuarial Science, Mathematics, Statistics, or related quantitative field.
• Near-fully/fully qualified Fellow of the Actuarial Society of South Africa or equivalent.
• Minimum of 5 years of experience in life insurance, with strong actuarial modeling focus.
• Proficiency with actuarial software (Prophet, TAI) and advanced Excel.
• Experience with Python or R is advantageous.

Responsibilities

• Develop, implement, and maintain actuarial models for pricing, reserving, and capital management of life insurance products.
• Conduct detailed financial analyses and projections to assess product profitability and risk.
• Assist in development and design of new life insurance products, including pricing and solvency assessments.
• Review and update actuarial assumptions and methodologies regularly.
• Collaborate with underwriting, marketing, and finance to provide actuarial support and insights.
• Ensure compliance with IFRS 17 and other regulatory standards.
• Prepare and present actuarial reports and recommendations to senior management.
• Mentor junior staff and promote continuous learning.
• Stay updated on industry trends and new actuarial techniques.

Skills

Actuarial modeling

Analytical thinking

Communication skills

Teamwork

Education

Bachelor's or Master's degree in Actuarial Science

Tools

Prophet

TAI

Excel

Python

Job description

Placements24 in George, Western Cape, seeks a Senior Actuarial Analyst to lead complex pricing, reserving, and capital management for life insurance products. You will build and maintain models, perform profitability analyses, and collaborate with underwriting, marketing, and finance to deliver insights and strategic recommendations.

The role demands five years of actuarial experience, strong communication skills, and proficiency with Prophet/TAI and Excel; Python/R are advantageous.