Work-Force
About the Life Insurance Actuary Position
About Us:
We are a prominent insurance company dedicated to providing comprehensive life insurance solutions. Based in Stellenbosch, we are seeking a skilled and detail-oriented Life Insurance Actuary to join our team and contribute to our mission of delivering financial security to our clients.
Job Description:
As a Life Insurance Actuary, you will analyze statistical data and financial risks to develop policies that meet regulatory requirements and client needs. You will play a crucial role in pricing, reserving, and financial forecasting for our life insurance products.
Key Responsibilities:
- Analyze data to assess risk and determine pricing for life insurance products.
- Develop and maintain actuarial models to support product development and pricing strategies.
- Conduct regular reviews of assumptions and methodologies used in pricing and reserving.
- Collaborate with underwriting, finance, and product development teams to ensure alignment of actuarial practices with business objectives.
- Prepare reports and presentations for senior management and stakeholders, communicating complex actuarial concepts clearly.
- Stay updated on industry trends, regulatory changes, and advancements in actuarial science.
- Support regulatory reporting and compliance requirements related to life insurance.
Required Skills and Qualifications:
- Bachelor’s degree in Actuarial Science, Mathematics, Statistics, or a related field.
- Successful completion of actuarial exams (e.g., Society of Actuaries (SOA), Institute and Faculty of Actuaries (IFoA)).
- Proven experience as an actuary, preferably in the life insurance sector.
- Strong analytical and problem-solving skills.
- Proficient in actuarial software and data analysis tools (e.g., Prophet, MoSes, Excel).
- Excellent communication and presentation skills.
Preferred Qualifications:
- Master’s degree in Actuarial Science or a related field.
- Experience with regulatory frameworks and reporting standards for life insurance.
- Familiarity with predictive modeling and data analytics techniques.
What We Offer:
- Competitive salary and benefits.
- Opportunities for professional development and career advancement.
- A supportive and collaborative work environment.
- Flexible working arrangements.