IT/Computer - Other IT/Computer Western Cape FULL TIME Job Summary Our client operates within the financial services sector, specialising in short-term insurance solutions and data-driven pricing strategies. They are seeking a Junior Actuarial Analyst to support the Pricing function through model development, data analysis, and process improvement initiatives. This role offers hands-on experience in pricing model development, with additional exposure to reserving processes, tools, and data preparation. The successful candidate will work closely with senior analysts and gain practical experience in a structured, delivery-focused environment. Key Responsibilities: * Assist with data extraction, cleaning, and preparation using Python and SQL * Support the development, testing, and refinement of pricing models (including GLMs) * Perform exploratory data analysis and basic statistical investigations * Assist with pricing reviews, monitoring, and reporting processes * Prepare clear and structured outputs for senior stakeholders * Contribute to automation and continuous improvement of pricing processes * Maintain documentation and version control of modelling work * Support data preparation and validation for reserving exercises * Assist with testing and implementation of reserving tools and systems * Contribute to basic reserving analyses under supervision * Maintain clear documentation for reserving-related activities Job Experience and Skills Required: * Education: + Bachelor’s degree in Actuarial Science or a related discipline + Completion of A100 and A200 actuarial exams, or close to completion + Strong actuarial exam track record with a clear focus on pricing * Experience: + Minimum 1+ years' experience within short-term insurance + Exposure to pricing model development or pricing support functions * Skills: + Working knowledge of Python for data manipulation and analysis + Basic understanding of statistical methods and modelling techniques + Foundational understanding of actuarial concepts, particularly pricing and reserving + Strong Excel skills + Exposure to SQL would be advantageous + Strong attention to detail and accuracy + Ability to work in a structured, delivery-driven environment + Eagerness to learn and develop technical capabilities + Good communication and documentation skills Why This Role?:…
Western Cape is an important market for jobs and professional roles in South Africa. The Western Cape mixes tourism, agriculture, tech, and creative industries with strong municipal and NGO hiring. Cape Town roles often attract national applicants, so local availability can be an advantage. Hospitality, wine and agriculture, software, design, and green-energy projects are common. Seasonal hiring spikes around summer; graduate programmes often open in the first half of the year. Peak-season traffic and long commutes from outlying towns can affect reliability. Mention clearly whether you can work on-site in Cape Town, Stellenbosch, or surrounding areas.
This role is posted by Network Finance. Verify all details, qualifications, and application steps on the official listing before applying.
Need broader help? Read our job scam safety guide and editorial policy.
The full posting may include additional requirements. .
This summary is written to help you compare roles faster. Always confirm qualifications, documents, and deadlines on the original listing (jobmail).