Pricing Actuary

Internationalinsuranceprofessionals; Cape Town; Hybrid; ZAR 830,000 - 1,380,000; Full time

Benefits offered by this job

Hybrid work model

Job summary

Swiss Re seeks a highly motivated actuary to join the Life & Health Middle East & Africa Pricing team in Cape Town. You will combine pricing expertise with client engagement, shaping reinsurance solutions across Africa and nearby markets.

The role offers collaboration with clients and internal teams, exposure to AI-enabled tools, R and GLMs, and opportunities to mentor colleagues. Hybrid work is expected, with in-office presence several days per week and a clear path for near-qualified actuaries.

Qualifications

• Nearly or newly qualified actuaries (FASSA or equivalent).
• 3–7 years of actuarial experience.
• Experience in pricing, product development, valuation, experience investigations, or reinsurance.
• Familiarity with the South African and/or broader MEA insurance markets is advantageous.
• Strong analytical and technical skills, including actuarial modelling; experience with AI-enabled tools, R, GLMs or other programming languages.
• Excellent communication and stakeholder management skills.
• Highly motivated with ability to produce accurate, high-quality work under pressure.
• An absolute team player, able to drive projects to execution.

Responsibilities

• Collaborating with clients and cross-functional teams on pricing and product development initiatives across individual and group life portfolios.
• Leading or supporting the development, review and documentation of reinsurance pricing bases and terms for both new and established products.
• Perform experience investigations to assess mortality, morbidity, lapse and claims trends.
• Explore and apply advanced analytical methods, including AI-enabled tools, predictive modelling and automation, to improve pricing, portfolio management and client solutions.
• Monitor the performance of in-force reinsurance portfolio, collaborate with reporting and experience studies teams.
• Contribute to development of innovative pricing methodologies, tools and analytical capabilities.
• Support business development activities and engage directly with clients throughout pricing and negotiation.
• Share knowledge, provide technical guidance and, depending on experience, lead projects and mentor colleagues.
• Represent Swiss Re externally through client interactions, industry forums and thought leadership.

Skills

Analytical thinking

Client engagement

Teamwork

Education

FASSA or equivalent

Tools

R

GLMs

Job description

Location: Cape Town, WC, ZA

About the Role

We are seeking a highly motivated and intellectually curious actuary to join the Life & Health Middle East & Africa (MEA) Pricing team based in Cape Town, forming part of the UKI & MEA Market Unit.

This is an exciting opportunity to work at the forefront of reinsurance, helping shape innovative and market-leading solutions across some of the world's most dynamic and diverse insurance markets. As part of Swiss Re's regional pricing team, you will collaborate with clients and colleagues across Africa, the Middle East and our global network of experts to solve complex business challenges and create sustainable value.

The role combines technical pricing expertise with meaningful client engagement. You will work directly with insurers to understand their strategic objectives, develop tailored reinsurance solutions, and support key business decisions. This is an ideal opportunity for an actuary who enjoys both analytical problem-solving and building strong professional relationships.

Key Responsibilities

Your responsibilities will vary depending on experience and business needs, but may include:

• Collaborating with clients and cross-functional teams on pricing and product development initiatives across individual and group life portfolios.
• Leading or supporting the development, review and documentation of reinsurance pricing bases and terms for both new and established products.
• Perform experience investigations to assess emerging mortality, morbidity, lapse and claims trends.
• Explore and apply advanced analytical methods, including AI-enabled tools, predictive modelling and automation, to improve pricing, portfolio management and client solutions.
• Monitoring the performance of our in-force reinsurance portfolio, partnering with reporting and experience studies teams to assess emerging trends and support portfolio management actions.
• Contributing to the development of innovative pricing methodologies, tools and analytical capabilities.
• Supporting business development activities and engaging directly with clients throughout the pricing and negotiation process.
• Sharing knowledge, providing technical guidance and depending on experience, leading projects and mentoring colleagues.
• Representing Swiss Re externally through client interactions, industry forums, conferences and thought leadership initiatives.

About the Team

At Swiss Re, you'll work at the forefront of Life & Health reinsurance, partnering with talented colleagues and global experts to solve complex challenges across the Middle East and Africa.

You'll influence key business decisions, engage directly with clients, build expertise across diverse markets and products, and leverage leading actuarial, analytical and AI-enabled capabilities to develop innovative solutions that shape the future of the industry.

We foster an inclusive, collaborative environment where curiosity, innovation and continuous learning are encouraged and rewarded.

If you're excited by solving complex problems, working with clients, and developing cutting-edge reinsurance solutions, we'd love to hear from you.

About You

You are a collaborative and commercially minded actuary who enjoys tackling complex problems and transforming analysis into actionable business insights.

We're particularly interested in the following candidates:

• Nearly or newly qualified actuaries (FASSA or equivalent).
• Approximately 3 to 7 years of actuarial experience.
• Experience in pricing, product development, valuation, experience investigations, or reinsurance.
• Familiarity with the South African and/or broader Middle East & Africa insurance markets being advantageous.
• Strong analytical and technical skills, including experience with actuarial modelling and statistical techniques. Experience with AI-enabled tools, R, GLMs or other programming languages would be beneficial.
• Excellent communication and stakeholder management skills, with the ability to explain technical concepts to diverse audiences.
• Highly motivated with the ability to produce accurate, high-quality work, under pressure, managing multiple priorities.
• An absolute team player, who is equally comfortable independently owning results and driving projects to execution.

Compensation & Work Model

For South Africa, the base salary range for this position is between R830,000 and R1,380,000 for a full-time role.

The specific salary offered considers:

• the requirements, scope, complexity and responsibilities of the role
• the applicant's own profile including education/qualifications, expertise, specialisation, skills and experience

In addition to your base salary, Swiss Re offers an attractive performance-based variable compensation component, designed to recognise your achievements. Further you will enjoy a variety of global and location specific benefits.

Eligibility may vary depending on the terms of Swiss Re policies and your employment contract.

Our company has a hybrid work model where the expectation is that you will be in the office at least three days per week.

Please note, that preference will be given to designated applicants as per the employment equity act.

We provide feedback to all candidates via email. If you have not heard back from us, please check your spam folder.

#Li-Hybrid

About Swiss Re

Swiss Re is one of the world's leading providers of reinsurance, insurance and other forms of insurance-based risk transfer, working to make the world more resilient. We anticipate and manage a wide variety of risks, from natural catastrophes and climate change to cybercrime. We cover both Property & Casualty and Life & Health. Combining experience with creative thinking and cutting-edge expertise, we create new opportunities and solutions for our clients. This is possible thanks to the collaboration of more than 15,000 employees across the world.

Our success depends on our ability to build an inclusive culture encouraging fresh perspectives and innovative thinking. We embrace a workplace where everyone has equal opportunities to thrive and develop professionally regardless of their age, gender, race, ethnicity, gender identity and/or expression, sexual orientation, physical or mental ability, skillset, thought or other characteristics. In our inclusive and flexible environment everyone can bring their authentic selves to work and their passion for sustainability.

If you are an experienced professional returning to the workforce after a career break, we encourage you to apply for open positions that match your skills and experience.

We may use AI-powered tools to support the review and evaluation of applications for this position. These tools provide additional insights to our recruitment teams, but all hiring decisions are carefully reviewed and made by people. To learn more about how we use AI in recruitment and how we handle your personal data, please review our Data Privacy Statement before applying.

Keywords

Reference Code: 139430