Actuarial Pricing Analyst — Hybrid, Paarl

Placements24; Paarl; Hybrid; ZAR 680,000 - 920,000; Full time

Benefits offered by this job

Medical aid

Retirement fund

Study assistance

Hybrid work arrangement

Job summary

Placements24 in Paarl, Western Cape, invites an experienced Actuarial Analyst to join the pricing team. You will develop and refine pricing models for insurance products, analyze historical data, and collaborate with underwriters and product developers to ensure competitive and sustainable pricing.

This role requires a degree in actuarial science or a related field, progress towards actuarial exams (3–5 passed), and at least four years in actuarial pricing.

Qualifications

• Bachelor's degree in Actuarial Science, Mathematics, Statistics, or related quantitative field.
• Progress towards actuarial exams (3–5 passed) with ASISA exposure.
• Minimum 4 years actuarial experience focusing on pricing in insurance.
• Proficiency in Prophet, R, Python, SQL and advanced Excel.
• Strong analytical, problem-solving and communication skills.

Responsibilities

• Develop, implement, and maintain actuarial models for pricing insurance products.
• Analyze historical data to identify trends, assess risk, and inform pricing decisions.
• Collaborate with underwriting and product teams to ensure pricing strategies align with business objectives.
• Perform sensitivity analysis and scenario testing on pricing models.
• Assist in development of new insurance products with actuarial insights and pricing support.
• Prepare reports and presentations on pricing outcomes for senior management.
• Stay current with actuarial best practices, tools, and techniques.
• Mentor junior analysts and share expertise within the team.

Skills

Analytical thinking

Communication skills

Interpersonal skills

Problem solving

Team collaboration

Education

Bachelor's degree in Actuarial Science/Mathematics/Statistics

Actuarial exams 3–5 passed (ASSA)

Tools

Prophet

R

Python

SQL

Excel

Job description

Placements24 in Paarl, Western Cape, invites an experienced Actuarial Analyst to join the pricing team. You will develop and refine pricing models for insurance products, analyze historical data, and collaborate with underwriters and product developers to ensure competitive and sustainable pricing.

This role requires a degree in actuarial science or a related field, progress towards actuarial exams (3–5 passed), and at least four years in actuarial pricing.