Senior Insurance Actuary

Placements24; Randburg; Hybrid; ZAR 1,500,000 - 1,900,000; Full time

Benefits offered by this job

Hybrid work model

Study support and CPD opportunities

Health benefits

Job summary

Placements24 is seeking a Senior Insurance Actuary to lead pricing, reserving and financial modeling for a diverse insurance portfolio in Randburg. The role focuses on delivering insights that influence profitability, guiding complex projects, and mentoring junior actuaries.

The position offers a hybrid work model balancing collaboration with flexibility, and opportunities to influence long-term strategy within the actuarial team.

Qualifications

• Fully qualified Actuary (e.g., FIA, FSA, ASA or equivalent).
• Minimum of 7 years actuarial experience with a focus on pricing and reserving in insurance.
• Expertise in actuarial software and programming languages (Prophet, R, Python, SQL).
• Strong knowledge of insurance regulations, solvency requirements, and risk management.

Responsibilities

• Develop and implement pricing models for new and existing products.
• Perform complex reserving calculations and analyses.
• Conduct experience studies on mortality, morbidity, lapse, and expense trends.
• Maintain financial models for forecasting, capital management, and solvency assessment.
• Provide actuarial support for product development, regulatory filings, and strategic initiatives.
• Mentor and guide junior actuaries, supporting their growth.

Skills

Pricing models

Financial modeling

Reserving

Leadership

Regulatory knowledge

Communication

Experience with analytics

Tools

Prophet

Python

SQL

R

Job description

About the Role

Our client is looking for an accomplished and strategic Senior Insurance Actuary to join their esteemed actuarial team in Randburg . This leadership role will focus on pricing, reserving, and financial modeling for a diverse range of insurance products. You will be responsible for providing critical insights and recommendations that influence business strategy and profitability. This is a premier opportunity for a qualified actuary with extensive experience in the insurance sector to lead complex projects, mentor junior actuaries, and contribute significantly to the company's long-term success, benefiting from a hybrid work model that balances professional collaboration with personal flexibility.

Key Responsibilities

• Develop and implement sophisticated pricing models for new and existing insurance products.


• Perform complex reserving calculations and analyses to ensure adequate financial reserves.


• Conduct experience studies to analyze mortality, morbidity, lapse, and expense trends.


• Develop and maintain financial models for forecasting, capital management, and solvency assessment.


• Provide actuarial support for product development, regulatory filings, and strategic initiatives.


• Mentor and guide junior members of the actuarial team, fostering their technical and professional growth.

Requirements

• Fully qualified Actuary (e.g., FIA, FSA, ASA or equivalent).


• Minimum of 7 years of actuarial experience, with a strong focus on insurance product pricing and reserving.


• Expertise in actuarial software and programming languages (e.g., Prophet, R, Python, SQL).


• Deep understanding of insurance regulations, solvency requirements, and risk management principles.


• Exceptional analytical, problem-solving, and quantitative modeling skills.


• Strong leadership and communication abilities, with the capacity to explain complex actuarial concepts clearly.

Benefits

• Highly competitive salary, bonus structure, and long-term incentive plans.


• Hybrid work model enabling flexible work arrangements.


• Comprehensive health, wellness, and retirement benefits.


• Generous study support and continuing professional development opportunities.


• A challenging role with significant impact and leadership potential.