Junior Actuarial Analyst (Modelling / Pricing)

SUMMARY:

POSITION INFO:
Our client operates within the financial services sector , specialising in short-term insurance solutions and data-driven pricing strategies. They are seeking a Junior Actuarial Analyst to support the Pricing function through model development, data analysis, and process improvement initiatives. This role offers hands-on experience in pricing model development , with additional exposure to reserving processes , tools, and data preparation. The successful candidate will work closely with senior analysts and gain practical experience in a structured, delivery-focused environment. Key Responsibilities: Assist with data extraction, cleaning, and preparation using Python and SQL Support the development, testing, and refinement of pricing models (including GLMs) Perform exploratory data analysis and basic statistical investigations Assist with pricing reviews, monitoring, and reporting processes Prepare clear and structured outputs for senior stakeholders Contribute to automation and continuous improvement of pricing processes Maintain documentation and version control of modelling work Support data preparation and validation for reserving exercises Assist with testing and implementation of reserving tools and systems Contribute to basic reserving analyses under supervision Maintain clear documentation for reserving-related activities Job Experience and Skills Required: Education: Bachelor's degree in Actuarial Science or a related discipline Completion of A100 and A200 actuarial exams, or close to completion Strong actuarial exam track record with a clear focus on pricing Experience: Minimum 1+ years' experience within short-term insurance Exposure to pricing model development or pricing support functions Skills: Working knowledge of Python for data manipulation and analysis Basic understanding of statistical methods and modelling techniques Foundational understanding of actuarial concepts, particularly pricing and reserving Strong Excel skills Exposure to SQL would be advantageous Strong attention to detail and accuracy Ability to work in a structured, delivery-driven environment Eagerness to learn and develop technical capabilities Good communication and documentation skills Why This Role?: Join a respected and growing short-term insurer with a strong actuarial culture Work in a pricing-focused role with exposure to advanced analytics Enjoy a high-quality Cape Town lifestyle, with flexibility for relocation candidates Clear opportunities for professional development and further exam progression For more exciting Actuarial and Analytics vacancies, please visit: I also specialise in recruiting in the following: Actuarial: Life, Short-Term, Health, Pensions, and Quantitative Data & Analytics: Data Scientists, Data Analysts (Python, R, SQL, Machine Learning) Risk: Credit Risk, Market Risk, Model Risk, and Operational Risk Analysts Pricing: Specialists in Insurance and Financial Products AI & Machine Learning: ML Ops, NLP, Predictive Modelling Data Scientists Quantitative: Experts across Banking, Insurance, and FinTech If you have not had any response in two weeks, please consider the vacancy application unsuccessful. Your profile will be kept on our database for any other suitable roles \/ positions. For more information, contact: Zahrah Gani Specialist Recruitment Consultant 🔗