Senior Insurance Actuary

Placements24; Vereeniging; Hybrid; ZAR 1,200,000 - 1,900,000; Full time

Benefits offered by this job

Competitive salary and bonus

Comprehensive medical/dental/vision

Retirement plan with company matching

Professional development opportunities

Full remote work flexibility

Access to advanced actuarial software

Supportive virtual team environment

Job summary

Placements24 is seeking a Senior Insurance Actuary to join a remote-first team. The role focuses on pricing, reserving, risk analysis, and advanced actuarial modeling to drive long-term financial health and product development.

The successful candidate will have at least 7 years of actuarial experience in insurance, fellowship or near-fellowship, and strong proficiency in Prophet, AXIS, Python, and R. This is a fully remote position serving South Africa with flexible work-life balance.

Qualifications

• Fellowship or near-fellowship in a recognized actuarial society.
• Minimum of 7 years of relevant actuarial experience within the insurance industry.
• Proven expertise in life, health, or general insurance actuarial functions.
• Strong proficiency in actuarial modeling software (e.g., Prophet, GGY AXIS) and programming languages (VBA, Python, R).
• Excellent analytical, quantitative, and problem-solving skills.
• Demonstrated leadership capabilities and mentoring experience.
• Ability to work independently on multiple remote projects.
• Strong communication and presentation skills; capable of explaining technical details to non-technical audiences.
• Deep understanding of South African insurance regulations and market dynamics.
• Bachelor's degree in Actuarial Science, Mathematics, Statistics, or related field.

Responsibilities

• Develop, implement, and maintain actuarial models for pricing, reserving, and financial projections.
• Analyze insurance data to assess risks, liabilities, and profitability.
• Price new and existing insurance products to remain competitive and financially sound.
• Oversee the reserving process in line with regulatory and accounting standards.
• Conduct experience studies on mortality, morbidity, lapse rates, and other key assumptions.
• Provide actuarial insights for strategic planning and forecasting.
• Collaborate with underwriting, finance, and product teams to support objectives.
• Stay updated on regulatory changes and industry trends.
• Mentor junior actuaries and actuarial students.
• Present complex findings to senior management clearly.

Skills

Leadership

Communication

Remote work capability

Actuarial modeling

Prophet

GGY AXIS

Python

R

Education

Fellowship/near-fellowship actuarial society

Bachelor's degree in Actuarial Science/Math/Stats

Tools

Prophet

GGY AXIS

VBA

Python

R

Job description

About the Role

Our client is seeking an accomplished and strategic Senior Insurance Actuary to join their fully remote team. This is a pivotal role for an experienced actuary looking to make a significant impact on the company's long-term financial health and product development. As a remote-first organization, we champion flexibility and provide the resources necessary for our actuaries to perform at their best from any location. You will be instrumental in pricing new insurance products, managing reserves, analysing risk, and developing sophisticated actuarial models. Your expertise will guide crucial business decisions and ensure the company's competitive edge in the market. This position, although associated with Vereeniging, Gauteng, ZA , operates entirely remotely, offering a unique work-life balance. We foster a collaborative and intellectually stimulating virtual environment.

Key Responsibilities

• Develop, implement, and maintain actuarial models for pricing, reserving, and financial projections.
• Conduct thorough analysis of insurance data to assess risks, liabilities, and profitability.
• Price new and existing insurance products, ensuring competitive and financially sound offerings.
• Manage and oversee the reserving process, ensuring compliance with regulatory requirements and accounting standards.
• Perform experience studies to analyze mortality, morbidity, lapse rates, and other key actuarial assumptions.
• Contribute to strategic planning and decision-making by providing actuarial insights and forecasts.
• Collaborate with underwriting, finance, and product development teams to support business objectives.
• Stay abreast of changes in regulations, industry trends, and actuarial best practices.
• Mentor and guide junior actuaries and actuarial students.
• Present complex actuarial findings and recommendations to senior management and stakeholders in a clear and concise manner.

Requirements

• Fellowship or near-fellowship in a recognized actuarial society (e.g., Actuarial Society of South Africa, Institute and Faculty of Actuaries).
• Minimum of 7 years of relevant actuarial experience within the insurance industry.
• Proven expertise in life insurance, health insurance, or general insurance actuarial functions.
• Strong proficiency in actuarial modeling software (e.g., Prophet, GGY AXIS) and programming languages (e.g., VBA, Python, R).
• Excellent analytical, quantitative, and problem-solving skills.
• Demonstrated leadership capabilities and experience mentoring junior staff.
• Ability to work independently and manage multiple projects effectively in a remote setting.
• Strong communication and presentation skills, with the ability to convey technical information to non-technical audiences.
• Deep understanding of South African insurance regulations and market dynamics.
• Bachelor's degree in Actuarial Science, Mathematics, Statistics, or a related field.

Benefits

• Highly competitive salary and bonus structure reflecting seniority.
• Comprehensive medical, dental, and vision coverage.
• Generous retirement plan with company matching.
• Significant opportunities for professional development and continuing education.
• Full remote work flexibility.
• Access to cutting-edge actuarial software and resources.
• Supportive and intellectually stimulating virtual team environment.
• Performance-based recognition and rewards.
• Paid time off and flexible working arrangements.