Short-Term Pricing Actuarial Analyst

Recruiter:

Network Recruitment

Job Ref:

NFP016737/ZG

Date posted:

Thursday, April 9, 2026

Location:

Cape Town, South Africa

Salary:

R750 000 Annually

SUMMARY:
A well-established short-term insurance organisation is seeking an ambitious and technically skilled Actuarial Analyst to join its Pricing and Modelling team. This role offers exposure to both traditional actuarial techniques (pricing and reserving) and modern analytical approaches, including machine learning.

POSITION INFO:
The successful candidate will play a key role in maintaining and enhancing the modelling environment, performing advanced data analysis, and supporting strategic business objectives within a fast-paced and rewarding environment.

Key Responsibilities:

Collect, clean, and prepare data from multiple sources using SQL and Python
Analyse and interpret data using advanced statistical and machine learning techniques (e.g. GLMs, decision trees, clustering, and neural networks)
Build, test, deploy, and maintain predictive models under supervision
Communicate insights through reports, dashboards, and presentations to technical and non-technical stakeholders
Perform ad hoc analysis in response to business requirements
Support pricing, underwriting risk management, and risk segmentation initiatives
Drive improvements in automation, system integration, and reporting processes
Develop and maintain management information reports using Power BI
Promote and embed risk awareness across the organisation

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
Experience:
- Minimum of 3 years’ experience in the short-term insurance industry
- Exposure to short-term insurance pricing (advantageous)
Skills:
- Strong mathematical, statistical, and analytical capability
- Proficiency in Python (automation and modelling) and SQL (data extraction and management)
- Experience with data visualisation tools, particularly Power BI
- Knowledge of actuarial modelling and machine learning methodologies
- High attention to detail with a structured, analytical approach
- Ability to work independently and manage multiple projects simultaneously
- Strong time management and organisational skills
- Innovative, adaptable, and naturally inquisitive mindset
- Excellent written and verbal communication skills
- Strong problem-solving and critical-thinking ability
- Solid understanding of short-term insurance products, policies, and risk concepts

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