Actuarial Analyst - Life Insurance

Our client, a leading innovator in the life insurance sector, is seeking a talented and driven Actuarial Analyst to join their fully remote team. This position offers the exciting opportunity to work on challenging actuarial projects from anywhere in South Africa, contributing to the development and pricing of life insurance products. You will be involved in performing complex financial modeling, risk assessments, and pricing analysis to ensure the profitability and competitiveness of our offerings.

The ideal candidate will be making significant progress towards actuarial qualifications and possess strong analytical and quantitative skills. We are looking for an individual who is passionate about actuarial science and eager to contribute to a dynamic, forward-thinking company that values remote talent and professional growth.

• Develop, maintain, and enhance actuarial models for pricing, reserving, and financial projections of life insurance products.
• Perform experience analyses (morbidity, mortality, lapse) to inform pricing assumptions and business strategies.
• Assist in the development and implementation of new life insurance products, including pricing and profitability analysis.
• Conduct regular reviews of financial results and provide actuarial input for financial reporting.
• Collaborate with underwriting, product development, and finance teams to provide actuarial support and insights.
• Support regulatory compliance efforts by preparing necessary actuarial data and reports.
• Stay updated on industry trends, regulatory changes, and emerging actuarial techniques.
• Contribute to the continuous improvement of actuarial processes and systems.

• A Bachelor's degree in Actuarial Science, Mathematics, Statistics, or a related quantitative field.
• Progress towards actuarial qualifications (e.g., exams passed with a recognized actuarial society).
• A minimum of 4 years of experience in an actuarial role, specifically within the life insurance industry.
• Proficiency in actuarial modeling software (e.g., Prophet, AXIS) and advanced Excel skills.
• Strong programming skills in languages such as R, Python, or VBA are highly desirable.
• Excellent analytical, problem-solving, and critical thinking abilities.
• Effective communication skills, with the ability to explain complex actuarial concepts to non-actuaries.
• Demonstrated ability to work independently and manage time effectively in a fully remote setting.

• An annual salary ranging from ZAR , based on qualifications and experience.
• Fully remote work arrangement, offering significant flexibility.
• Competitive study support for actuarial examinations.
• Comprehensive health and wellness benefits.
• Generous annual leave and paid time off.
• Opportunities to work on diverse and impactful actuarial projects.
• A collaborative and supportive virtual work environment.