Senior Actuarial Analyst - Remote

Placements24; Mtubatuba Local Municipality; Hybrid; ZAR 900,000 - 1,100,000; Full time

Benefits offered by this job

Competitive salary

Health, dental, and vision insurance

Support for actuarial exam studies

Fully remote work

Job summary

Placements24 seeks a Senior Actuarial Analyst for a fully remote role supporting operations near Richards Bay. You will conduct complex financial modeling, develop pricing strategies, manage reserves, and provide insights into profitability and solvency.

The role requires actuarial exam progress, at least 5 years in insurance actuarial work, and strong data analysis skills using Prophet/GGY AXIS, SQL, Python, and R. Collaboration with multiple teams is essential.

Qualifications

• Minimum 5 years of actuarial experience in insurance.
• Progress towards or completion of actuarial exams (FSA/FIA or equivalent).
• Strong knowledge of insurance regulations and accounting principles.
• Proficiency in actuarial software (Prophet, GGY AXIS) and data analysis tools (SQL, Python, R).
• Excellent analytical, problem-solving, and communication skills.

Responsibilities

• Develop and maintain actuarial models for pricing, reserving, and financial forecasting.
• Analyze insurance data to identify trends, assess risks, and recommend actions.
• Assist in developing new insurance products and pricing structures.
• Perform regular valuation of policy liabilities and ensure regulatory compliance.
• Prepare actuarial reports and presentations for senior management and regulatory bodies.
• Collaborate with finance, product development, and claims to provide actuarial support.

Skills

Analytical skills

Communication

Education

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

Progress towards or completion of actuarial exams (FSA/FIA or equivalent)

Tools

Prophet

GGY AXIS

SQL

Python

R

Job description

About the Role

Our client is seeking a highly analytical and motivated Senior Actuarial Analyst to join their remote team, supporting operations near Richards Bay. This role is crucial for assessing and managing financial risks associated with insurance products. You will perform complex financial modeling, develop pricing strategies, manage reserves, and provide insights into profitability and solvency. Working remotely, you will collaborate closely with various business units to ensure sound financial practices and strategic decision-making, contributing significantly to the company's long-term financial health and stability.

Key Responsibilities

• Develop and maintain actuarial models for pricing, reserving, and financial forecasting.
• Analyze insurance data to identify trends, assess risks, and recommend appropriate actions.
• Assist in the development of new insurance products and pricing structures.
• Perform regular valuation of policy liabilities and ensure compliance with regulatory requirements.
• Prepare actuarial reports and presentations for senior management and regulatory bodies.
• Collaborate with finance, product development, and claims departments to provide actuarial support.

Requirements

• Bachelor's degree in Actuarial Science, Mathematics, Statistics, or a related quantitative field.
• Progress towards or completion of actuarial exams (e.g., FSA, FIA, or equivalent).
• Minimum of 5 years of experience in an actuarial role within the insurance industry.
• Proficiency in actuarial software (e.g., Prophet, GGY AXIS) and data analysis tools (e.g., SQL, Python, R).
• Strong understanding of insurance regulations and accounting principles.
• Excellent analytical, problem-solving, and communication skills.

Benefits

• Highly competitive salary and bonus structure, reflecting the critical nature of the role.
• Comprehensive health, dental, and vision insurance.
• Generous support for continued actuarial exam studies and professional development.
• Fully remote work arrangement, offering significant flexibility and work-life balance.
• Opportunity to work on impactful projects for a leading insurance organization.