Junior Actuarial Analyst (Modelling / Pricing)

Recruiter:

Network Recruitment

Job Ref:

NFP017023/ZG

Date posted:

Thursday, August 20, 2026

Location:

Cape Town, South Africa

Salary:

Annually

SUMMARY:

Join a dynamic player in the short-term insurance space where data, pricing, and analytics drive decision-making. This opportunity is ideal for a detail-oriented Junior Actuarial Analyst looking to build strong modelling and pricing expertise using Python while gaining exposure to reserving. You will play a key role in supporting pricing models, enhancing data processes, and contributing to impactful actuarial insights within a collaborative and technically focused team.

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
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