Senior Actuary - Remote

Placements24; Durban; Hybrid; ZAR 1,200,000 - 2,000,000; Full time

Benefits offered by this job

Fully remote work arrangement

Premium health insurance coverage

Robust retirement planning program

Professional development budget for P/

Actuarial software access

Collaborative remote work environment

Influence on business strategies

Work with a respected company

Job summary

Placements24 is seeking a Senior Actuary in a fully remote role to design and implement advanced actuarial models for pricing, reserving, and forecasting. You will work across time zones to analyze datasets, conduct mortality and lapse studies, and influence product profitability and regulatory reporting.

The ideal candidate holds a Fellowship in an actuarial society and has 7+ years in insurance actuarial work, with strong skills in Prophet, MoSes, R, and Python.

Qualifications

• Fellowship in a recognized actuarial society (e.g., FSA, FIA, FASSA) or equivalent.
• Minimum of 7 years of progressive actuarial experience in the insurance industry.
• Advanced proficiency with actuarial modeling software (Prophet, MoSes) and data analysis tools (R, Python).

Responsibilities

• Develop, implement, and maintain actuarial models for pricing, reserving, and financial forecasting.
• Analyze large datasets to identify trends, assess risks, and quantify potential liabilities.
• Conduct experience studies and analyze mortality, morbidity, and lapse rates.
• Support the pricing of new insurance products and review existing product profitability.
• Assist in the preparation of regulatory filings and financial reports.
• Collaborate with finance, product development, and risk management teams.
• Mentor junior actuaries and provide technical guidance.
• Stay current with actuarial standards, regulatory changes, and industry best practices.
• Present actuarial findings and recommendations to senior management.

Skills

Independent work

Leadership potential

Communication skills

Analytical thinking

Statistical modeling

Remote work experience

Problem solving

Education

Fellowship in actuarial society

Tools

Prophet

MoSes

R

Python

Job description

About the Role

Our client, a globally recognized leader in the insurance industry, is actively seeking a highly skilled and experienced Senior Actuary to join their fully remote actuarial team. This position is crucial for developing and implementing sophisticated mathematical models that assess financial risk and forecast future liabilities. As a remote-first employee, you will collaborate with colleagues across different time zones, leveraging advanced analytical tools and data to drive critical business decisions. The ideal candidate will possess a strong quantitative background, exceptional problem-solving abilities, and a deep understanding of actuarial principles and statistical modeling. This is a unique opportunity to make a significant impact on our client's strategic planning and financial stability from the comfort of your home office. You will be instrumental in guiding product development, pricing strategies, and reserving practices.

Key Responsibilities

• Develop, implement, and maintain actuarial models for pricing, reserving, and financial forecasting.
• Analyze large datasets to identify trends, assess risks, and quantify potential liabilities.
• Conduct experience studies and analyze mortality, morbidity, and lapse rates.
• Support the pricing of new insurance products and review existing product profitability.
• Assist in the preparation of regulatory filings and financial reports.
• Collaborate with other departments, including finance, product development, and risk management.
• Mentor junior actuaries and provide technical guidance and oversight.
• Stay current with actuarial standards of practice, regulatory changes, and industry best practices.
• Present complex actuarial findings and recommendations to senior management.
• Contribute to the strategic planning process by providing data-driven insights.

Requirements

• Fellowship in a recognized actuarial society (e.g., FSA, FIA, FASSA) or equivalent.
• Minimum of 7 years of progressive actuarial experience in the insurance industry.
• Advanced proficiency in actuarial modeling software (e.g., Prophet, MoSes, R, Python) and database management.
• Strong understanding of life, health, or general insurance principles.
• Excellent analytical, problem-solving, and critical thinking skills.
• Superior communication and presentation skills, with the ability to explain complex technical concepts to non-technical audiences.
• Proven ability to work independently and manage multiple projects simultaneously in a remote work environment.
• Experience with data analysis and statistical modeling techniques.
• Strong ethical standards and a commitment to professional integrity.
• Demonstrated leadership potential and experience mentoring junior staff.

Benefits

• Exceptional annual salary package up to Rands .
• Fully remote work arrangement, offering unparalleled flexibility.
• Premium health insurance coverage.
• Robust retirement planning program with substantial company contributions.
• Generous professional development budget for actuarial exams and continuing education.
• Access to state-of-the-art actuarial software and tools.
• A collaborative and intellectually stimulating remote work environment.
• Opportunity to influence key business strategies.
• Work with a highly respected and innovative company.