Acturial Analyst

Santam Insurance; Cape Town; On-site; ZAR 350,000 - 520,000; Full time

Job summary

Santam, South Africa's leading general insurer, invites applications for an Actuarial Analyst in the Personal Lines Pricing team. You will transform data into insights to support profitable growth, collaborating with cross-functional teams to develop innovative pricing and risk management solutions.

Based at Santam's Head Office in Bellville, Cape Town, or Sandton, Johannesburg, you will contribute to pricing strategies across markets and channels, stay ahead of industry developments, and drive

Qualifications

• Bachelor/Hons in Actuarial Science or similar
• Actuarial qualification in progress
• 1–2 years general insurance pricing experience
• Strong analytics and modelling skills

Responsibilities

• Develop, maintain, and enhance actuarial models and analytical processes to support business objectives and regulatory compliance.
• Design and implement pricing and risk management strategies that drive sustainable growth and portfolio performance.
• Monitor and report on financial, underwriting, and distribution indicators; create insights and recommendations.
• Collaborate with Distribution, Claims, Underwriting and Product teams to incorporate market trends and customer needs into pricing strategies.
• Identify opportunities for process optimisation and automation to improve efficiency and outcomes.

Skills

Analytical thinking

Modelling

Pricing

Data interpretation

Education

Actuarial Science degree

Actuarial qualification in progress

Tools

SAS

SQL

R

Python

Emblem

Radar

Job description

What will you do?

Are you passionate about data, analytics, and solving complex business problems? Do you want to work in an environment where your ideas matter and your work has a real-world impact?

What will you do?

Are you passionate about data, analytics, and solving complex business problems? Do you want to work in an environment where your ideas matter and your work has a real-world impact?

At Santam, South Africa's leading general insurer and recognised as the #1 Employer in the Insurance Industry, we're looking for curious, ambitious, and driven individuals to join our Group Actuarial Pricing team. This is an opportunity to accelerate your actuarial career while working alongside experienced actuaries, data scientists, and business leaders who are shaping the future of insurance.

You'll be part of a collaborative and innovative team that values continuous learning, challenges conventional thinking, and empowers individuals to make meaningful contributions from day one. You'll help drive decisions that create value for both our customers and business. The position will be based at either Santam’s Head Office in Bellville, Cape Town or Santam’s Office in Sandton, Johannesburg.

What will make you successful in this role?

As an Actuarial Analyst in our Personal Lines Pricing team, you will help transform data into insights that drive profitable growth and support strategic decision‑making across the business.

Working alongside colleagues in Product, Underwriting, Claims, and Pricing, you'll contribute to the development of innovative pricing solutions, enhance our understanding of risk, and help shape the future of South Africa's leading general insurer.

This role offers the opportunity to work on meaningful business challenges, develop cutting‑edge analytical skills, and make a tangible impact in the business.

Key Accountabilities

• Develop, maintain, and enhance actuarial models and analytical processes that support business objectives. Ensuring solutions remain accurate, robust, relevant, fit for purpose, and regulatory compliant in a dynamic environment.
• Design and implement effective pricing and risk management strategies that drive sustainable growth improve portfolio performance and deliver profitable and sustainable outcomes.
• Monitor and evaluate key financial, underwriting, and distribution performance indicators, identifying opportunities and emerging trends to support informed decision-making. Create insightful reporting and visualisations that turn complex data into actionable business intelligence and strategic recommendations. Contribute to the development and governance of Santam’s data assets to support advanced pricing and predictive modelling and future analytical innovation.
• Identify opportunities for process optimisation, automation, and continuous improvement to enhance efficiency and business outcomes. Play an active role in strategic initiatives and high impact projects, providing actuarial expertise and analytical insight to support business transformation.
• Interacting closely with Distribution, Claims, Underwriting and Product Teams to incorporate market trends, customer needs and operational insights into the product and pricing strategies.
• Supporting the development and enhancement of product solutions for various market segments and channels.
• Conduct ad-hoc analysis and investigations to solve complex business challenges and support emerging opportunities for the business.
• Stay abreast of industry developments, emerging technologies, and analytical best practices to help shape innovative solutions and maintain Santam's competitive advantage.
• Share knowledge and contribute to a collaborative, high-performing team culture that encourages continuous learning, curiosity, and professional development.

Qualifications & Experience

• Bachelors / Honours degree in Actuarial Science or similar. Making good progress towards the actuarial qualification.
• One to two years working experience, preferably in general insurance pricing.
• Advanced computer literacy skills in one or more of the following: SAS, SQL, R, Python, Emblem, Radar etc.
• Strong analytical and modelling skills including experience in statistical analysis, technical pricing / predictive models and pricing solutions.
• Proven ability to source, structure, and manage data effectively, transforming complex datasets into meaningful insights.A curious and logical thinker with a passion for solving complex problems and uncovering opportunities through data.Self-motivated and proactive, with the ability to take ownership of challenges and see projects through from concept to implementation.Strong communication, report writing, and presentation skills, with the ability to translate technical findings into clear and actionable business recommendations.The ability to collaborate effectively with both technical and non-technical stakeholders across the business.

Competencies

• Attention to detail
• Planning and organising skills
• Collaborates
• Client focus
• Drives results
• Flexibility and adaptability
• Cultivates Innovation