Senior Actuarial Analyst - Pricing & Reserving

Placements24; Gqeberha; Hybrid; ZAR 1,200,000 - 1,800,000; Full time

Benefits offered by this job

Competitive salary

Bonuses

Medical aid

Retirement annuity

Study support

Remote work

Team collaboration

Job summary

Placements24 is seeking a highly analytical Senior Actuarial Analyst for a fully remote role serving clients nationwide, including Port Elizabeth markets. You will lead pricing, reserving, and risk analyses while collaborating with underwriting, finance, and product teams.

The ideal candidate has 5+ years of actuarial experience, Fellowship or near-Fellow status, and strong skills in ResQ, GGY Axis, R, Python, and SQL. Excellent communication and independent work capability are essential.

Qualifications

• Bachelor's or Master's degree in Actuarial Science, Mathematics, Statistics, or a related quantitative field.
• Completion of a significant number of actuarial examinations (Fellow or near-Fellow).
• Minimum of 5 years of actuarial experience focusing on pricing and reserving.
• Proficiency in actuarial modeling software (ResQ, GGY Axis, R, Python, SQL).
• Advanced knowledge of statistical modeling, probability, and risk management.
• Strong written and verbal communication skills for non-technical audiences.

Responsibilities

• Develop and refine pricing models for diverse insurance products.
• Perform reserving analyses and calculations adhering to regs and standards.
• Conduct stochastic modeling and sensitivity analyses for capital needs.
• Analyze historical claims data and trends for pricing and reserving.
• Collaborate with underwriting, finance, and product teams to share actuarial insights.
• Prepare clear reports and presentations for senior management and regulators.
• Stay updated on industry developments and actuarial techniques.

Skills

Pricing

Reserving

Stochastic modeling

Data analysis

Regulatory knowledge

Communication

Education

Bachelor's or Master's in Actuarial Science / Math / Statistics

Tools

ResQ

GGY Axis

R

Python

SQL

Job description

About the Role

Our client, a leading insurer with a strong national presence, is actively seeking a highly analytical and experienced Senior Actuarial Analyst to join their remote-based team. This role is integral to the company's financial strategy, focusing on sophisticated pricing models and accurate reserving for a diverse portfolio of insurance products. The ideal candidate will leverage advanced statistical techniques and actuarial software to drive informed decision-making and ensure the long-term profitability and solvency of the organization. As a fully remote position, this opportunity offers significant flexibility and the ability to collaborate with colleagues across the country, while contributing vital expertise to our client's operations that serve the Port Elizabeth market and beyond.

Key Responsibilities

• Develop, implement, and refine pricing models for various insurance products, ensuring competitiveness and profitability.
• Perform complex reserving calculations and analyses, adhering to regulatory requirements and accounting standards.
• Conduct stochastic modeling and sensitivity analysis to assess financial risks and capital needs.
• Analyze historical claims data, trends, and emerging risks to inform pricing and reserving strategies.
• Collaborate with underwriting, finance, and product development teams to provide actuarial insights.
• Prepare clear and concise reports and presentations for senior management and regulatory bodies.
• Stay abreast of industry developments, regulatory changes, and advancements in actuarial techniques.
• Mentor junior actuarial staff and contribute to the development of the actuarial function.
• Validate and test existing actuarial models and assumptions.

Requirements

• A Bachelor's or Master's degree in Actuarial Science, Mathematics, Statistics, or a related quantitative field.
• Completion of a significant number of actuarial examinations (e.g., Fellow or near-Fellow of relevant actuarial societies).
• Minimum of 5 years of experience in actuarial analysis, with a strong focus on pricing and reserving.
• Proficiency in actuarial modeling software (e.g., ResQ, GGY Axis, R, Python, SQL).
• Advanced knowledge of statistical modeling, probability theory, and risk management.
• Excellent analytical, problem-solving, and quantitative skills.
• Strong written and verbal communication skills, with the ability to explain complex concepts to non-technical audiences.
• Proven ability to work independently and manage multiple projects in a remote setting.
• Experience with South African insurance regulations is a plus.

Benefits

• Highly competitive salary and performance-driven bonuses.
• Subsidized medical aid and robust retirement annuity contributions.
• Generous study support for actuarial examinations.
• Significant professional development opportunities and access to cutting-edge tools.
• Full remote work arrangement for maximum flexibility and work-life balance.
• Collaborative virtual team environment with exposure to diverse projects.