Actuarial Analyst (Modelling / Pricing)

Recruiter

Network Recruitment

Job Ref

NFP016911/ZG

Date posted

Tuesday, June 23, 2026

Location

Cape Town, South Africa

Salary

Annually

SUMMARY

Join a leading short-term insurer where data, analytics, and pricing innovation are at the heart of business decision-making. This opportunity is ideal for an Actuarial Analyst who enjoys hands-on model development, technical problem-solving, and driving pricing sophistication through advanced analytics. You'll gain exposure to both pricing and reserving initiatives while contributing to key actuarial transformation projects.

POSITION INFO

Our client within the short-term insurance sector is seeking an Actuarial Analyst to join their Pricing team. The successful candidate will be responsible for developing, enhancing, and maintaining pricing models that support underwriting, risk segmentation, and strategic business objectives. This role offers the opportunity to work on pricing model development, automation initiatives, and reserving model enhancements within a delivery-focused environment that values technical excellence and innovation. Key Responsibilities: Develop, refine, and maintain pricing models used for underwriting and risk segmentation Perform data preparation, exploration, and feature engineering using Python and SQL Apply statistical techniques, including GLMs, to support pricing model development and calibration Translate business requirements into practical pricing solutions and model enhancements Improve model efficiency, governance, and documentation Support rate reviews, pricing investigations, and scenario testing Communicate results and insights to business stakeholders Contribute to the automation and optimisation of pricing processes Support reserving model development and validation activities Assist with the implementation and testing of reserving software Support data preparation and integration for reserving processes Contribute to improvements in reserving governance and documentation Assist with data extraction, cleaning, and preparation using Python and SQL 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 3+ years' experience within short-term insurance Demonstrated experience in pricing model development or pricing analytics Progress towards or completion of A100 and A200 actuarial examinations Skills: Strong Python programming capability for modelling, automation, and data analysis Solid understanding of pricing methodologies, including GLMs SQL for data extraction and processing Experience working with large and complex datasets Exposure to reserving techniques or reserving systems would be advantageous Strong analytical and problem-solving skills Ability to work independently within a delivery-focused environment Strong communication and stakeholder engagement abilities Excellent attention to detail 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 🔗