Pricing Actuary

About the role

Swiss Re is looking for a Pricing Actuary to join its Life & Health Middle East & Africa (MEA) team in Cape Town, part of the UKI & MEA Market Unit. The role sits at the heart of reinsurance, working with insurers to understand their objectives, develop tailored reinsurance solutions and support key business decisions. It combines technical pricing expertise with direct client engagement.

Key responsibilities

• Work with clients and cross-functional teams on pricing and product development for individual and group life portfolios
• Lead or support the development, review and documentation of reinsurance pricing bases and terms for new and established products
• Carry out experience investigations on mortality, morbidity, lapse and claims trends
• Apply advanced methods such as AI-enabled tools, predictive modelling and automation to improve pricing and client solutions
• Monitor the performance of the in-force reinsurance portfolio with reporting and experience study teams
• Contribute to new pricing methodologies, tools and analytical capabilities
• Support business development and engage with clients during pricing and negotiation
• Share knowledge, give technical guidance, lead projects and mentor colleagues depending on experience
• Represent Swiss Re externally at client interactions, industry forums and conferences

Required profile

• 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 Middle East & Africa insurance markets is advantageous
• Excellent communication and stakeholder management skills
• Able to deliver accurate, high-quality work under pressure while managing several priorities

Required skills

• Actuarial modelling and statistical techniques
• AI-enabled tools, R, GLMs or other programming languages are beneficial

What we offer

• Base salary in South Africa of R830,000 to R1,380,000 for a full-time role, adjusted to the candidate's profile
• Performance-based variable compensation
• Global and location-specific benefits
• Hybrid work model with at least three days in the office per week