Pricing Actuary (6 month fixed-term contract)

Swiss Re; Cape Town; On-site; ZAR 900,000 - 1,300,000; Full time

Job summary

Swiss Re in Cape Town is seeking a highly motivated actuary for the Life and Health MEA Pricing team. You will develop innovative pricing for reinsurance solutions across MEA, collaborating with local and global experts to deliver efficient, market-leading outcomes.

The role blends technical pricing with client-facing responsibilities, requiring strong modelling skills (R/GLM) and the ability to communicate complex results clearly.

Qualifications

• Qualified actuary with 4–8 years of experience in pricing or related reinsurance contexts.
• Familiarity with pricing structures and MEA/South Africa markets is preferred.
• Strong modelling skills and ability to explain complex results clearly.

Responsibilities

• Lead or support the development, review and documentation of pricing bases and reinsurance terms for new and established products.
• Perform data analyses relating to emerging claims experience using R, GLM and related statistical methods.
• Monitor performance of the reinsurance portfolio with reporting and experience studies teams; ensure in-force pricing remains appropriate.
• Collaborate cross-functionally with clients and external partners on pricing and product development opportunities.
• Own and drive thought leadership as experience allows and provide guidance to others.
• Contribute to Swiss Re's market presence, including presenting at external events.

Skills

Actuarial pricing

Client-facing

Communication

Team collaboration

Education

FASSA or equivalent

Tools

R

GLM

Job description

Location: Cape Town, WC, ZA

About the Role

We are offering an exciting opportunity for a highly motivated, dynamic actuary in our Life and Health Middle East & Africa (MEA) Pricing team in Cape Town.

As a member of the MEA Life and Health Pricing team you will develop innovative, market leading reinsurance solutions for the Middle East & Africa markets, working collaboratively with local and global experts throughout Swiss Re.

This is a technical pricing role but will include client facing responsibilities: you will work closely with clients to understand their needs and deliver efficient solutions for them and for Swiss Re. You will apply your technical skills in a dynamic environment, thinking creatively to shape solutions to a broad range of challenges.

Responsibilities

• Lead or support the development, review and documentation of pricing bases and reinsurance terms for new and established products
• Perform data analyses relating to emerging claims experience, typically using R, GLM and other statistical methods.
• Monitor performance of our reinsurance portfolio in conjunction with our reporting and experience studies teams and ensuring the in-force portfolio remains suitably priced.
• Collaborate cross-functionally with clients and external partners on pricing and product development opportunities
• Depending on experience, own and drive thought leadership and provide guidance to others
• Contribute to Swiss Re's wider market presence, including presenting at external events.

About You

• Qualified actuary (FASSA or equivalent) with approximately 4 to 8 yrs experience
• Pricing experience, and/or familiarity with reinsurance structures and experience in South Africa or MEA wide market preferred
• Excellent knowledge of relevant actuarial and statistical models (where R and GLM skills would be an advantage)
• Strong customer focus with excellent inter-personal, communication, and influence skills
• 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

If you are a collaborative, enthusiastic, and dedicated professional who thrives under pressure and values diverse perspectives, we'd love to hear from you.

The base salary range for this position will be shared with you during the interview process.

Preference will be given to Employment Equity candidates.

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. 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.

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.

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Reference Code: 139152

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