Senior Actuarial Specialist - Life Insurance

Placements24; South Africa; Hybride; ZAR 1 200 000 - 1 800 000; Plein temps

Avantages offerts par ce poste

Competitive salary package

Medical aid

Pension fund

Annual leave

Professional development

Hybrid work in Pretoria

Résumé du poste

Placements24 is seeking a Senior Actuarial Specialist for the Life Insurance division in Pretoria. The role focuses on valuations, pricing, profitability analysis, and model validation within a hybrid work setup.

Ideal candidates hold a actuarial science degree with SA fellowship (or near) and at least six years in life insurance. Strong Excel skills and programming knowledge (R, Python, VBA) are required for advanced modeling and reporting.

Qualifications

• Bachelor's degree in Actuarial Science, Mathematics, Statistics, or related field.
• Fellowship or near-fellowship with Actuarial Society of SA.
• Min 6 years in life insurance with focus on valuation, pricing, or reserving.
• Strong knowledge of SA insurance regs and IFRS 17.

Responsabilités

• Perform complex actuarial valuations including statutory and embedded value calculations.
• Develop, test, and implement pricing models for life insurance products.
• Conduct profitability analysis and provide recommendations for product enhancements.
• Assist in development and validation of actuarial models for risk mgmt, capital adequacy and forecasting.
• Collaborate with finance, product development, and risk teams for alignment on actuarial matters.
• Stay current with evolving actuarial standards and regulatory requirements.
• Mentor junior actuaries and actuarial students.
• Prepare clear reports and presentations for senior management and regulators.

Connaissances

Actuarial expertise

Valuation & pricing

Project management

Communication

Formation

Actuarial Science degree

Fellowship (or near) with actuarial society

Outils

Excel

R

Python

VBA

Description du poste

About the Role

Our client, a renowned financial services institution with a strong presence in Pretoria, Gauteng , is actively seeking a highly accomplished Senior Actuarial Specialist to join their Life Insurance division. This role is integral to the company's strategic planning, product development, and financial health. The ideal candidate will possess a deep understanding of actuarial principles and their application in the life insurance sector, with a proven ability to manage complex projects and provide insightful analysis. This position offers a stimulating environment where you can leverage your expertise to drive innovation and ensure the long-term solvency and profitability of the life insurance business. The role incorporates a hybrid working model, blending office-based collaboration with remote work flexibility.

Key Responsibilities

• Perform complex actuarial valuations, including statutory and embedded value calculations for life insurance products.
• Develop, test, and implement pricing models for new and existing life insurance products.
• Conduct profitability analysis and provide recommendations for product enhancement and strategic adjustments.
• Assist in the development and validation of actuarial models for risk management, capital adequacy, and financial forecasting.
• Collaborate with other departments, including finance, product development, and risk management, to ensure alignment on actuarial matters.
• Stay current with evolving actuarial standards, regulatory requirements, and industry best practices.
• Mentor and guide junior actuaries and actuarial students within the team.
• Prepare clear and concise reports and presentations for senior management and regulatory bodies.

Requirements

• A Bachelor's degree in Actuarial Science, Mathematics, Statistics, or a related quantitative field.
• Fellowship or near-fellowship status with a recognized actuarial society (e.g., Actuarial Society of South Africa).
• A minimum of 6 years of experience in the life insurance industry, with a strong focus on valuation, pricing, or reserving.
• Expertise in actuarial software and modeling techniques, including advanced Excel and programming languages like R, Python, or VBA.
• In-depth knowledge of South African insurance regulations and accounting standards (e.g., IFRS 17).
• Excellent analytical, problem-solving, and critical thinking skills.
• Strong communication and presentation skills, with the ability to convey complex technical information to non-technical audiences.
• Proven ability to work independently and collaboratively in a team environment.

Benefits

• Our client offers a highly competitive salary package, including significant bonus potential tied to individual and company performance.
• Comprehensive benefits include excellent medical aid, a generous pension fund, and generous annual leave.
• We invest in our employees' growth, offering extensive professional development opportunities, including support for actuarial exams and continued education.
• This hybrid role, based in Pretoria , provides a flexible working arrangement to promote work-life balance.
• Join a stable and respected organisation where your actuarial expertise will be highly valued and contribute to impactful business outcomes.