Senior Insurance Actuary

Placements24; Polokwane; Hybrid; ZAR 1,500,000 - 2,100,000; Full time

Benefits offered by this job

Hybrid work arrangement

Executive health benefits

Retirement contributions

Job summary

Placements24 is seeking a Senior Insurance Actuary in Polokwane, Limpopo, to lead complex actuarial modeling, pricing, reserving, and risk management across insurance lines. You will provide strategic insights to support financial planning and decision-making.

The role requires international designation, deep actuarial expertise, and strong communication skills, with a hybrid work arrangement offering office presence and remote flexibility in the South Africa market.

Qualifications

• Fellow of the Actuarial Society of SA (FASSA) or equivalent international designation.
• Minimum 7 years of progressive experience in insurance actuarial field.
• Expertise in life, non-life, or health insurance actuarial practices.
• Proficiency in Prophet/AXIS and programming languages (R, Python, SQL).
• Strong analytical, mathematical and communication skills.

Responsibilities

• Develop, implement, and maintain actuarial models for pricing and reserving.
• Analyze data to assess risk and determine premiums and reserves.
• Perform financial condition testing and solvency assessments.
• Advise on product development, pricing strategies, and risk management.
• Collaborate with underwriters, finance, and management for strategic decisions.
• Mentor junior actuaries and actuarial students.

Skills

Actuarial Modeling

Pricing & Reserving

Risk Management

Prophet AXIS

R & Python

Leadership

Communication

Education

FASSA or international designation

Tools

Prophet

GGY AXIS

SQL

Python

Excel

Job description

About the Role

Our client is seeking a highly skilled and experienced Senior Insurance Actuary to join their esteemed actuarial team in Polokwane. In this pivotal role, you will be responsible for complex actuarial modeling, pricing, reserving, and risk management across various insurance lines. You will provide critical insights and strategic direction to support the company's financial planning and decision-making processes. This is an exceptional opportunity to contribute to a leading insurer in Limpopo, leveraging advanced analytical techniques to ensure the long-term solvency and profitability of the business.

Key Responsibilities

• Develop, implement, and maintain sophisticated actuarial models for pricing, reserving, and financial projections.
• Analyze insurance data to assess risk, determine appropriate premiums, and manage reserves accurately.
• Conduct financial condition testing and solvency assessments to ensure regulatory compliance.
• Provide expert advice on product development, pricing strategies, and risk management initiatives.
• Collaborate with underwriters, finance, and management teams to inform strategic decisions.
• Mentor and guide junior actuaries and actuarial students within the team.

Requirements

• Fellow of the Actuarial Society of South Africa (FASSA) or equivalent international designation.
• Minimum of 7 years of progressive experience in the insurance actuarial field.
• Expertise in life, non-life, or health insurance actuarial practices.
• Proficiency in actuarial software (e.g., Prophet, GGY AXIS) and programming languages (e.g., R, Python, SQL).
• Strong analytical, mathematical, and problem-solving capabilities.
• Excellent communication and presentation skills, with the ability to convey complex technical concepts to non-technical audiences.

Benefits

• Highly competitive salary and executive-level bonus potential.
• Hybrid work arrangement balancing office presence with remote flexibility.
• Comprehensive executive health benefits and generous retirement contributions.
• Significant opportunities for professional growth, international exposure, and career progression.
• A stimulating and collaborative work environment with access to cutting-edge actuarial tools.