Actuarial Analyst (Modelling / Pricing) Insurance Industry
Red Ember Recruitment is Hiring: Actuarial Pricing Specialist | Tygervalley, Cape Town.
Our client is seeking a delivery-focused Actuarial Pricing Specialist with proven insurance industry experience to join their team on a temporary contract and play a key role in driving actuarial transformation initiatives. The successful candidate will leverage their actuarial expertise and deep understanding of insurance pricing principles to develop and enhance pricing models, improve pricing sophistication, and support data-driven decision-making across the business. This role offers the opportunity to contribute to key actuarial transformation projects while working within a dynamic insurance environment.
- Assist with data extraction, cleaning, and preparation using Python and SQL.
- Support development and testing of pricing models (e.g. GLMs)
- Perform exploratory data analysis and basic statistical investigations.
- Assist with pricing reviews, monitoring, and reporting.
- Prepare clear and structured outputs for senior team members.
- Contribute to automation and process improvements within pricing.
- Maintain good documentation and version control of work.
- Provide support to reserving data preparation and validation processes.
- Assist with testing and implementation of reserving tools/systems.
- Support basic reserving analyses under guidance.
- Maintain clear documentation of reserving-related work.
Requirements
- Degree in Actuarial Science
- 1+ years’ experience in short-term insurance
- Demonstrated experience building or supporting pricing models
- Progress with actuarial exams.
Core Technical Skills:
- Working knowledge of Python (data manipulation and analysis)
- Basic understanding of statistical methods.
- Basic understanding of actuarial concepts including pricing and reserving
- Excel proficiency.
- SQL exposure (advantageous)