Junior Actuarial Pricing Analyst

RMB; Randburg; On-site; ZAR 420,000 - 640,000; Full time

Benefits offered by this job

Flexible working environment

Job summary

RMB in South Africa is seeking an Actuarial Specialist I to help prepare data and conduct basic analyses under supervision. The role involves pricing models for short-term insurance products and supporting data preparation for reviews and profitability assessments.

Ideal candidates have 2–3 years of pricing or corporate actuarial experience, with at least five actuarial exams completed and a BSc in Actuarial Science (Honours preferred). Proficiency in Excel and pricing tools is advantageous.

Qualifications

• BSc in Actuarial Science; Honours preferred.
• Completed at least five Actuarial Exams.
• 2–3 years' pricing or corporate actuarial experience in short-term insurance, insurance, investments or banking preferred.

Responsibilities

• Assist in building, updating, and validating actuarial pricing models for short-term insurance products.
• Support preparation and analysis of data for pricing reviews, claims experience investigations, burning cost analyses, and profitability assessments.
• Contribute to development of new product features, rating structures, and review of existing products.
• Compile and interpret claims, exposure, and financial data to support pricing and portfolio management decisions.
• Assist in monitoring loss ratios, claims frequency and severity trends, and impact of rate changes on portfolio performance.
• Prepare reports and presentations for internal stakeholders, summarising key findings and recommendations.
• Collaborate with underwriting, claims, finance, and product development teams to ensure pricing assumptions are robust.
• Assist in regulatory requirements and compliance standards relevant to pricing activities.
• Participate in ongoing actuarial exam progress and professional development.

Skills

Excel

Power BI

Python

SQL

SAS

R

Emblem/Radar

Education

BSc in Actuarial Science

Honours in Actuarial Science

Job description

RMB in South Africa is seeking an Actuarial Specialist I to help prepare data and conduct basic analyses under supervision. The role involves pricing models for short-term insurance products and supporting data preparation for reviews and profitability assessments.

Ideal candidates have 2–3 years of pricing or corporate actuarial experience, with at least five actuarial exams completed and a BSc in Actuarial Science (Honours preferred). Proficiency in Excel and pricing tools is advantageous.