Senior Insurance Actuary

Placements24; Stellenbosch; Remote; ZAR 1,200,000 - 2,100,000; Full time

Benefits offered by this job

Competitive remuneration package

Health and wellness benefits

Continuous professional development

Remote-first work environment

Job summary

Placements24 is seeking a Senior Insurance Actuary for a fully remote role supporting Western Cape operations. You will develop pricing, reserving and capital models, advise senior management, and guide the actuarial team. The role emphasizes regulatory compliance, data-driven decisions, and strategic profitability.

The ideal candidate has fellowship in an actuarial society and 7+ years of insurance experience, with strong Python/R/SQL skills and excellent communication.

Qualifications

• Fellowship with an actuarial society is required.
• Minimum 7+ years experience as an actuary in insurance.
• Strong programming and data skills (Python/R/SQL) and modelling.

Responsibilities

• Develop and maintain complex actuarial pricing and reserving models.
• Lead valuation of liabilities and IFRS 17 compliance.
• Provide strategic actuarial input to executives and product teams.
• Mentor junior actuaries and analysts.
• Stay updated on advancements in actuarial methods and regulations.

Skills

Actuarial modeling

Python

R

SQL

Strategic thinking

Stakeholder communication

Education

Fellowship in actuarial society

7+ years actuarial experience

Tools

Actuarial software

Job description

About the Role

Our client is actively seeking an accomplished Senior Insurance Actuary to join their advanced actuarial team, operating in a fully remote capacity to support their Western Cape operations. This pivotal role involves complex financial modeling, risk assessment, and strategic pricing for insurance products. You will lead critical projects, provide expert guidance on financial soundness, and contribute significantly to the company's long-term financial planning and profitability. This is an exceptional opportunity for a seasoned actuary to make a substantial impact from a remote setting, working with cutting-edge methodologies and influencing key business decisions in a respected financial institution.

Key Responsibilities

• Develop, implement, and maintain sophisticated actuarial models for pricing, reserving, and capital management.
• Conduct thorough analysis of insurance data to assess risks, predict future liabilities, and inform strategic decisions.
• Lead the valuation of insurance liabilities and ensure compliance with regulatory requirements (e.g., IFRS 17).
• Provide expert actuarial advice to senior management, product development, and risk management teams.
• Mentor and guide junior actuaries and analysts within the team.
• Stay abreast of advancements in actuarial science, financial modeling techniques, and regulatory changes.

Requirements

• Fellowship in a recognized actuarial society (e.g., Actuarial Society of South Africa, Institute and Faculty of Actuaries).
• Significant experience (typically 7+ years) as an actuary in the insurance industry.
• Expertise in actuarial software, programming languages (e.g., Python, R, SQL), and modeling tools.
• In-depth knowledge of life insurance, short-term insurance, or a relevant specialized field.
• Exceptional analytical, problem-solving, and strategic thinking capabilities.
• Proven ability to manage complex projects and communicate technical findings effectively to diverse audiences.

Benefits

• Highly competitive remuneration package including a substantial base salary and performance bonuses.
• Comprehensive health and wellness benefits tailored for remote employees.
• Generous retirement fund contributions and long-term incentive plans.
• Significant budget for professional development, including advanced training and conferences.
• A truly flexible and remote-first work environment with excellent work-life integration.