6 Actuarial Science jobs in South Africa

Job Title

Postdoctoral Research Fellowship: Department of Mathematical Statistics and Actuarial Science (Job ID 6246)

Organizational Unit

University of the Free State -> Faculty of Natural and Agricultural Sciences -> Department Mathematical Statistics and Actuarial Science

Contract Type

Contract

Occupational Level

Junior Management

Location

Bloemfontein Campus - Bloemfontein, FS ZA (Primary)

Closing Date

30/9/2025

Description

The University of the Free State (UFS) invites applications from suitably qualified candidates for postdoctoral fellowship in the Department of Mathematical Statistics and Actuarial Science. Candidates interested in pursuing an academic or professional career in statistical research, with special research interest in bayesian modelling and mixed models are encouraged to apply.

The fellowship is awarded on a competitive basis, taking into account the applicants' academic achievements, publication outputs and research potential, as well as the relevance of prior experience and expertise. The fellowship is available for a period of one year, renewable for up to three years subject to satisfactory performance.

Duties and responsibilities:

• Conduct innovative research in bayesian modelling.
• Author/co-author at least three (3) publication outputs per year in the form of DHET– accredited scholarly journal articles or books/chapters in books. The renewal of the fellowship beyond the first year depends on satisfactory performance and the submission of an annual progress report.
• Initiate projects and seek funding for them.
• Register and reside as postdoctoral research fellow at the UFS and participate in relevant activities of the Department of Mathematical Statistics and Actuarial Sciences.

Eligibility requirements:

• Open to all South African and foreign nationals for full-time research at the University of the Free State.
• Graduated with a PhD degree in a relevant discipline within the last five years.
• Successful applicants may not hold full-time salaried employment during the fellowship.
• Successful applicants must be able to relocate to the UFS for the duration of the fellowship. This is a residential fellowship: the successful applicant is required to spend 80% of her/his postdoctoral period at the UFS.

Value of the fellowship:

• R annual fellowship
• R additional research expenses fund

Competencies

Application:

To apply, please email the following documentation by 30 September 2025 to Prof. Fabio Correa )

• Motivation letter, including a 1-2-page outline of relevant expertise and experience.
• Full CV including a list of research publications, conference papers and other scholarly outputs demonstrating relevant experience in the field of Conservation Genetics.
• Full transcripts of academic record and copy of doctoral degree certificate.
• Copy of ID document (or copy of passport in the case of foreign applicants).
• Contact details of two academic referees who have taught/supervised the candidate.

Closing date:

30 September 2025.

Commencement of fellowship:

02 January 2026

For enquiries, please contact:

Prof. Fabio Correa at

General:

The UFS is a designated employer and is committed to the pursuit of excellence, diversity, and redress in achieving its equity targets in accordance with the Employment Equity Plan of the University and its Employment Equity goals and targets. Preference will be given to candidates from the under-represented designated groups including candidates with disabilities. Our Employment Equity Policy is available at: EEA13_EE Plan UFS 1 March 2022

The University processes personal information in line with its obligations under the Protection of Personal Information Act (POPIA) and any personal information provided to the University will be treated as confidential and processed in accordance with the rights provided to data subjects under POPIA.

The University and SAMRC reserves the right not to fill the post. The UFS will only consider applications of candidates who meet all the inherent requirements of the position. Applications that are incomplete will not be considered. Communication will be limited to shortlisted candidates only. Should you not be contacted within six weeks of the closing date for applications, you may assume that your application was unsuccessful.

How to apply to this job

Division: Investment Management

Reference No: 5930

Location:

Centurion, Gauteng, ZA

Employment Type: Permanent

Disability (EE targeted role): No

T.A.S.K Grade: 14

Job Posting Salary: R

Job Posting End Date: 12 Sep 2025

The Road Accident Fund's mission is to provide appropriate cover to all road users within the borders of South Africa; to rehabilitate and compensate persons injured as a result of motor vehicle accidents in a timely and caring manner; and to actively promote safe use of our roads.
Purpose of the Job:
Reporting to Manager: Actuarial Predictive Analytics and Modeling, the responsible for the coordination, preparation and performance of actuarial analysis as required by the RAF.

Key Performance Areas
Actuarial Analysis

• Guide the annual development of the Revenue Requirement Model (RRM) with various funding and/or operational scenarios which will be the basis of discussion with National Treasury regarding the funding requirements and for inclusion in the Strategic Plan and Annual Performance Plan.
• Guide the valuation of assumptions performed by Actuaries and that the statutory actuary performs quarterly valuation on all claims.
• Guide the performing of an independent valuation on outstanding claims also on a monthly and quarterly basis.
• Develop revenue requirement Models.
• Design and execute test plans for data extracts, data transformation and asset and liability management models.
• Analyse a wide range of interest rate risk analysis.
• Gathers and analyses data used in the development of programs and/or models that evaluate the organization`s asset or liability strategy.
• Develop actuarial analysis "payout" models that will redesign compensation packages.
• Design, implement, review and audit of quantitative models for the calculation of Fund's liabilities and capital requirements.
• Review data visualizations and outputs.

Predictive Analytics and Modelling

• Collect, analyse and interpret large data sets in order to provide insights and data-driven solutions to be used in resolving business challenges.
• Implement and monitor predictive analytics solutions by data scientists to improve fraud monitoring detection models and enhance customer experience.
• Implement scalable, efficient, and automated processes for large scale data analyses and model development, validation, and implementation.
• Implement processes of gaining a business understanding, defining the problem, data cleansing and feature engineering, business modelling and simulation, hypothesis generation and testing, machine learning model training, testing and refinement and finally deployment and monitoring of predicted outcomes within the business processes.

Reporting

• Contribute to the preparation and submission of reports.
• Aid in the development of functional reporting systems, for management, project or performance reporting.
• Report regularly and periodically perform necessary submissions as and when required to provide progress updates and/or inform management decisions.

Stakeholder Management

• Proactive and progressive relationships with key stakeholders.
• Deal with inquiries and requests for information from both internal and external stakeholders.

People Management

• Ensure that good employee relations are maintained.
• Provide ongoing operational support to employees.

Qualifications And Experience

• Bachelor's Degree/ Advanced Diploma in Actuarial Science/ Mathematics/ Investment Management/ Risk Management related qualification.
• Relevant 5 - 7 years' experience in an actuarial data science-related environment of which 2 years must have been on a supervisory level.

NB: "RAF offers Total Employment Cost packages with no additional contributions from the Employer, successful candidates are required to structure their packages in a manner that will suit their needs".
The Road Accident Fund subscribes to the principles of employment equity and preference will be given to People with Disabilities.
Applicants who have not received any correspondence from us within six weeks from the closing date can consider themselves unsuccessful
Security Vetting shall be conducted on all prospective employees
It is the applicants' responsibility to have foreign qualification evaluated by the South African Qualification Authority (SAQA) and to provide proof of such evaluation.

Visa is a world leader in payments and technology, with over 259 billion payments transactions flowing safely between consumers, merchants, financial institutions, and government entities in more than 200 countries and territories each year. Our mission is to connect the world through the most innovative, convenient, reliable, and secure payments network, enabling individuals, businesses, and economies to thrive while driven by a common purpose – to uplift everyone, everywhere by being the best way to pay and be paid.

Make an impact with a purpose-driven industry leader. Join us today and experience Life at Visa.

Job Description

The position will partner with the Group Country Manager's office and be responsible for budgeting, forecasting, financial reporting, deal creation/modelling and analytics to be used by executive management. This role will have direct exposure to the Southern and Eastern Africa (SEA) leadership team and, in addition, be required to work closely with other Finance teams globally.

Revenue Analytics & Business Partnering

•Partner with geographic counterparts and regional teams to ensure alignment on financial performance and drivers of forecasts/results

•Lead the month-end, quarter-end, and year-end reporting requirements in accordance with deadlines

•Provide leadership in the areas of financial modelling, deal structuring and investment decision support.

•Business Partnering to develop strategies to drive growth and execution thereof

•Prepare comprehensive business trend materials used for communication to the SEA and regional leadership teams

•Ensure data integrity and consistency of information as well as organized documentation of results and data sources used

•Lead the commercial structure of client incentive deals and build the associated financial models while ensuring that Visa's interests are front & center while offering attractive terms to client to ensure continued market share wins for Visa

•Manage, evolve and communicate weekly progress on deal modelling (structuring, proposed pricing, margin), governance processes (review, approval, wins), and ensuring accurate reflection in market plans and forecasts with insight on performance tracking.

•Collaborate with stakeholders across the business to funnel a pipeline of opportunities with existing and new clients into commercial offers that achieve strategic and financial goals while meeting business and global process and governance requirements.

•Engage in opportunities to grow profile with leaders across the organization to influence strategy and solving challenges with financial modelling, data and analytics, and competitive intelligence.

•Actively maintain and improve current tools / models and introduce new tools/models, processes, analysis, and insight to deepen commercial understanding and improve decision making

•Perform robust financial analysis and be able to succinctly outline and present key drivers, themes and risks while applying business and financial acumen to explain underlying drivers of results across several scenarios -

oProvide quality and thoughtful analysis of deal structures, proactively contribute and implement best practices in all deals, and collaborate with business teams to achieve commercial outcomes while identifying and mitigating risks

•Collaborate in the storyboarding of financial outputs and production of communication materials for related presentations used in reviews and decision-making forums -

oCo -develop financial proposals with Visa sales teams, due diligence financial projections, provide feedback to optimize risk-adjusted returns, ensure financial proposal alignment to commercial proposal, and contribute to negotiation strategy

oCreate presentations for internal approvals and external client facing partnership specific discussions. Communicate recommendations to senior management, other executive, functional, or regional staff and management in a clear, concise, and impactful way

This is a hybrid position. Expectation of days in office will be confirmed by your hiring manager.

Qualifications

Basic Qualifications

•10 or more years of work experience with a Bachelor's Degree or at least 8 years of work experience with an Advanced Degree (e.g. Masters/ MBA/JD/MD) or at least 3 years of work experience with a PhD

Preferred Qualifications

• Excellent business acumen

• CIMA or CA (SA) qualification preferred – other recognized financial qualifications considered

• Hyperion & Oracle Experience preferred (or similar FP&A/Planning systems)

• Sales/ CRM platforms (Microsoft Dynamics, Salesforce), BI and dashboard visualization skills are desirable (Power BI, MicroStrategy, Tableau)

• Exceptional communication skills that translate complex business and finance issues to subjects whose impact and way forward are easily grasped

• Financial/commercial analysis/FP&A experience from within a large, matrixed multi-national, publicly traded corporation would be preferable

• Must be a proactive, high-energy, and motivated team player capable of delivering multiple initiatives/projects

• Ability to cultivate strong and effective relationships across the business and communicate effectively with Executive Management

• Outstanding analytical and quantitative skills, able to resolve tough business problems with well-structured analyses

• Expert skills in MS Excel and PowerPoint, coding expertise would be and advantage

• Proven system skills will be beneficial (e.g. TM1, Hyperion, etc.)

• Proven expertise in modeling techniques and managing large data sets

• Must be detail oriented and possess good prioritization skills to ensure relevancy, accuracy and quality of output and to ensure these are delivered according to business needs

• Able to work cross functionally, geographically and with virtual teams while promoting a culture of openness, trust, and flexibility

• Experience managing small teams ideal

• Advanced Excel, Power Point and MS Visio Skills

• Strong technical accounting skills, and experience researching and documenting Accounting and Internal Control best practices and processes

• Knowledge and experience in application of COSO Internal controls and Financial Risk management best practices

• Ability to design process flows, and draft policy and procedures

• Knowledge and hands-on experience of Oracle, Ariba, Hyperion and other related tools

• Strong business ethics

• Ability to work well under pressure and juggle multiple priorities

• Ability to work in a fast paced and dynamic environment

•Strong Problem Solver/ Solution orientated thinker

Additional Information

Visa is an EEO Employer. Qualified applicants will receive consideration for employment without regard to race, color, religion, sex, national origin, sexual orientation, gender identity, disability or protected veteran status. Visa will also consider for employment qualified applicants with criminal histories in a manner consistent with EEOC guidelines and applicable local law.

We've got a position available for an actuarial analyst: pricing & decision science

Company: Porcupine Union

Purpose of position:

Play a key part of the analytical engine, helping to optimize pricing strategies and drive profitability

Responsibilities:

• Performance Monitoring: Monitor and report on pricing performance and conversion rates.
• Experimental Design: Design and execute A/B tests and other experiments to evaluate the effectiveness of pricing and related strategies
• Pricing Simulation: Conduct simulations to model the impact of proposed pricing changes
• Ad-Hoc Analysis: Perform ad-hoc profitability investigations and pricing reviews to support business strategy
• Collaboration: Work closely with the team to identify opportunities and develop solutions

Requirements:

• Degree in Actuarial Science, Statistics, Mathematics, or a related field
• Recent graduate or a professional with less than 3 years of working experience
• Postgraduate degree and/or exemptions from actuarial board exams would be a bonus.

Skills and Attributes:

• A keen interest in insurance and data science is a must
• Team player
• Strong analytical mindset

Should you not receive any feedback within ten (10) working days after the closing date, please accept your application as unsuccessful.

Actuarial Business Analyst – Data Science and Machine Learning Lead

George, Western Cape | Badger Holdings SA

At Badger Holdings, we don’t just crunch numbers, we turn them into business game-changers.
We’re on the hunt for an Actuarial Business Analyst who can lead a team of Data Scientists to build machine learning models that move the needle . You’ll be the translator, the strategist, and the impact-driver, making sure every model delivers measurable value and is understood from boardroom to operations floor.

If you can bridge deep technical expertise with commercial impact and lead a high-performance analytics team, this is your seat at the table.

What You’ll Do

Lead & Inspire

• Manage, mentor, and grow a team of Data Scientists into a powerhouse of delivery.


• Build a culture where experimentation, collaboration, and results thrive.

Design & Deliver

• Oversee the creation, testing, and deployment of machine learning models that solve real business problems.


• Measure, quantify, and communicate the commercial impact of analytics solutions.


• Keep models relevant, accurate, and laser-focused on business goals.

Bridge Tech & Business

• Be the go-to liaison between data science and decision-makers.


• Translate complex analytics into plain, actionable English


• Ensure operational teams adopt and use model outputs effectively.

Drive Excellence

• Gather, refine, and document requirements for analytics projects.


• Push for best practices, smarter modelling approaches, and continuous process improvement.

What You’ll Need to Bring

Essential:

• Degree or Honours in Actuarial Science .


• 7+ years’ experience in insurance or financial services (short-term insurance? Even better).


• Proven track record in building statistical/machine learning models.


• Skill in turning model outputs into business gold.


• Leadership experience in Data Science, Analytics, or Actuarial teams.


• Experience with claims modelling & survival analysis in insurance.


• BI tool mastery (Power BI, Qlik Sense, Tableau, etc.).


• Exceptional stakeholder engagement and communication skills.

Preferred:

• Hands-on skills in Python, R, SQL, and cloud platforms like Snowflake.


• Experience shaping both technical and business requirements.


• Strong grasp of data-driven decision frameworks.

Why Badger?

We’re bold. We’re fast. We’re building the future of insurance analytics and you’ll be at the centre of it.
Here, your models won’t gather dust in a slide deck. They’ll shape strategy, impact the bottom line, and change how we work.

Ready to lead the charge? Apply now and turn data into decisive action.

The position will be filled in line with Badger Holdings’ culture, values, and Employment Equity policy. Preference will be given to candidates from under-represented designated groups.