Senior Actuarial Analyst - Life Insurance (Remote)

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

Benefits offered by this job

Study benefits

Performance bonuses

Medical aid

Provident fund

Life insurance

Sponsorship for actuarial exams

Professional training

Career advancement

Annual leave

Wellness initiatives

Job summary

Placements24 in Mahikeng, North West, seeks a Senior Actuarial Analyst specializing in Life Insurance to join their growing team. You will handle pricing, reserving, IFRS 17 modeling, and risk assessment; mentor juniors; collaborate with IT; support strategic decision-making.

This role offers a competitive salary, study benefits, and the option for remote work to promote work-life balance.

Qualifications

• Bachelor's degree in Actuarial Science or related quantitative field.
• Progress towards/completion of actuarial exams (SOA/IFoA).
• Minimum 4 years actuarial experience in life insurance.
• Proficiency in actuarial software (Prophet, ALIS) and data analysis tools (Excel, SQL, R, Python).

Responsibilities

• Perform actuarial calculations for pricing new life insurance products and maintaining existing ones.
• Assist in development and implementation of actuarial models for valuation and financial reporting (IFRS 17).
• Conduct regular reserving exercises and ensure adequacy of life insurance liabilities.
• Analyze profitability of product lines and identify improvements.
• Support risk management by assessing and quantifying life insurance risks.
• Prepare actuarial reports and presentations for management and regulators.
• Collaborate with IT to ensure data integrity and system requirements.
• Stay updated on industry developments and regulatory changes.
• Mentor junior analysts and contribute to knowledge sharing.
• Participate in special projects and ad-hoc analyses.

Skills

Analytical thinking

Problem-solving

Communication skills

Teamwork

Education

Bachelor's degree in Actuarial Science / Mathematics / Statistics

Progress towards or completion of actuarial exams (SOA/IFoA)

Tools

Prophet

ALIS

Excel

SQL

R

Python

Job description

Placements24 in Mahikeng, North West, seeks a Senior Actuarial Analyst specializing in Life Insurance to join their growing team. You will handle pricing, reserving, IFRS 17 modeling, and risk assessment; mentor juniors; collaborate with IT; support strategic decision-making.

This role offers a competitive salary, study benefits, and the option for remote work to promote work-life balance.