Actuarial Analyst - Life Insurance

Our client, a respected life insurance company operating nationwide, is seeking a talented and motivated Actuarial Analyst to join their dedicated team, based remotely but with strong ties to Richards Bay, Kwa Zulu-Natal . This role is essential for supporting the development, pricing, and valuation of life insurance products. The analyst will be responsible for performing complex actuarial calculations, building and maintaining financial models, and contributing to strategic decision-making through data-driven insights.

This is a fully remote position, offering the flexibility to work from anywhere within South Africa , while contributing to the success of our client's operations. Ideal for a candidate passionate about actuarial science and seeking a remote-first work environment.

Perform actuarial valuations, pricing, and projections for life insurance products. Develop, test, and maintain actuarial models using industry-standard software (e.g., Prophet, R, Python). Analyze experience data, identify trends, and provide insights to inform product development and pricing strategies. Assist in the preparation of regulatory returns and financial reporting. Conduct assumption setting and sensitivity testing for various actuarial calculations. Collaborate with other departments, including product development, finance, and risk management.

Support the ongoing development and enhancement of actuarial systems and processes. Stay current with actuarial best practices, industry developments, and regulatory changes. Prepare clear and concise reports and presentations for management and stakeholders.

Bachelor's degree in Actuarial Science, Mathematics, Statistics, or a related quantitative field. Progress towards actuarial qualification (e.g., Actuarial Society of South Africa exams) is essential. Minimum of 3 years of relevant experience in the life insurance industry. Proficiency in actuarial modeling software and programming languages (e.g., Prophet, R, Python, SQL). Strong analytical, problem-solving, and quantitative skills. Excellent communication skills, with the ability to explain complex technical concepts clearly.

Demonstrated ability to work independently and manage multiple priorities effectively in a remote setting. Understanding of South African life insurance regulations and reporting requirements. A proactive approach to learning and professional development.

Our client provides a competitive salary and benefits package, including support for actuarial exam fees and study leave. As this is a fully remote position, you will benefit from the flexibility and autonomy of working from home. The company fosters a culture of continuous learning and professional growth, offering opportunities to work on challenging and impactful projects. Join a respected insurance provider and contribute your actuarial expertise from wherever you are in South Africa , with a focus on innovation and client success.