Senior Actuarial Analyst - Life Insurance

About the Role Our client, a leading life insurance provider, is seeking a highly skilled Senior Actuarial Analyst to join their esteemed team in Bloemfontein, Free State. This role is central to the financial health and strategic planning of the company, involving complex actuarial modeling, pricing, reserving, and experience analysis for life insurance products. The successful candidate will leverage advanced analytical techniques and actuarial software to provide critical insights that inform business decisions, regulatory compliance, and product development. This is an exceptional opportunity to contribute to a stable and growing organization within the Bloemfontein area, benefiting from a hybrid work model that blends office collaboration with remote flexibility. Key Responsibilities - Perform complex actuarial calculations related to pricing, reserving, and financial projections for life insurance products. - Develop, maintain, and enhance actuarial models using industry-standard software. - Analyze actuarial data to identify trends, assess risks, and provide recommendations for product profitability. - Assist in the preparation of regulatory filings and financial reports. - Collaborate with underwriting, product development, and finance teams to provide actuarial support. - Evaluate the financial impact of new regulations and business initiatives. - Conduct experience studies (morbidity, mortality, lapse) to inform assumptions and pricing. - Stay current with actuarial best practices, emerging trends, and regulatory changes. - Mentor junior actuarial staff and contribute to team development. Requirements - Bachelor's degree in Actuarial Science, Mathematics, Statistics, or a closely related quantitative field. - Progress towards or completion of actuarial exams (e.g., FSA, FIA, ASA, ASsA) is required. - Minimum of 4 years of progressive experience in life insurance actuarial roles. - Proficiency in actuarial modeling software (e.g., Prophet, GGY Axis) and programming languages like SQL or Python is highly desirable. - Strong understanding of life insurance products, principles, and regulations. - Excellent analytical, quantitative, and problem-solving skills. - Effective communication and interpersonal skills, with the ability to explain technical concepts clearly. - Ability to work independently and collaboratively in a team environment within a hybrid setup in Bloemfontein, Free State. - High level of accuracy and attention to detail. Benefits Our client offers a highly competitive salary package, including study assistance for actuarial exams and performance-related bonuses. Comprehensive benefits include medical aid, life assurance, and a retirement fund. The hybrid work model in Bloemfontein supports a healthy work-life balance, and ample opportunities for professional growth and career advancement within the actuarial field are available. Join a team dedicated to excellence and innovation.