85 Actuary jobs in South Africa

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Discovery’s core purpose is to make people healthier and to enhance and protect their lives. We seek out and invest in exceptional individuals who understand and support our core purpose, and whose own values align with those of Discovery. Our fast-paced and dynamic environment enables smart, self-driven people to be their best. As global thought leaders, Discovery is passionate about innovating in order to not only achieve financial success, but to ignite positive and meaningful change within our society.

About Discovery Life

Discovery Life is an ever growing fast-paced and dynamic environment that provides innovative risk assurance to individual clients. This environment thrives on customer engagement and customer experience as well as mutually beneficial relationships with our brokers and other stakeholders. It is important for our employees to provide world class service to our internal and external clients, thereby ensuring long and sustainable relationships.

Purpose

The Individual Life Advanced Analytics function is responsible for innovative, strategic and impactful projects for the business. The focus of the team is to support development and implementation of data science projects and involves exposure to a wide range of business areas such as underwriting, claims, legal and other operations, as well as the wider Discovery Group.

Key Outputs / Job Responsibilities

Key Outputs may include but are not limited to:

• Mining large structured and unstructured datasets for data exploration to find new insights
• Perform data investigations to inform operational efficiency and interaction strategies
• Transform data into meaningful model inputs and data pipelines
• Develop and refine predictive models such as fraud, underwriting and customer behavioural models
• Prototyping and supporting the implementation of Natural Language Processing (NLP), Large Language Model (LLM) and other generative AI business cases
• Support model implementation and monitoring of model performance
• Further develop existing models and research new techniques to fully utilise the unique and rich Discovery data universe
• Participate in the wider Discovery Data Science community

Work Experience

• 3 – 5 years related experience

Advantageous:

• >5 years related experience

Education / Qualifications / Accreditations with Professional Body

• Qualified Actuary (FIA, FASSA)

Professional Registration required:

• Qualified Actuary (FIA, FASSA)

Technical Skills or Knowledge

Required:

• Statistical and mathematical skills
• Great writing and reporting skills
• Life insurance actuarial knowledge
• Presenting insights and solutions to senior management

Advantageous:

• Programming skills, specifically in Prophet, SQL and R/Python
• Expert statistical and mathematical skills
• Storytelling and data visualisation in addition to reporting skills
• Life / Health insurance actuarial knowledge

EMPLOYMENT EQUITY

The Company’s approved Employment Equity Plan and Targets will be considered as part of the recruitment process. As an Equal Opportunities employer, we actively encourage and welcome people with various disabilities to apply.

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Senior Specialist: Middle Market Life Solutions

Location: Johannesburg | Hybrid

Salary: R1mil - R1,4mil CTC per annum

Are you passionate about shaping impactful life insurance solutions for the middle market? We’re looking for a strategic thinker and hands-on product specialist to help develop and manage simplified life cover solutions that deliver real value to customers—while balancing risk, compliance, and commercial sustainability.

This is a high-visibility role offering the chance to work across actuarial, product, risk, and commercial teams in a dynamic, forward-thinking environment.

What You'll Do:

• Lead and support the end-to-end development of simplified life insurance products—from ideation and research to go-to-market execution
• Optimise and manage the existing product suite to ensure continued relevance, risk alignment, and commercial viability
• Collaborate with pricing, underwriting, claims, risk, and technology teams to embed risk mitigation strategies within product design
• Drive innovation by identifying gaps and opportunities using market trends, customer needs, competitor intelligence, and data insights
• Own and maintain technical product documentation, including policy specs, communications, and MI for governance
• Provide oversight on product performance, risk exposure, and control adequacy
• Mentor junior team members and participate in strategic cross-functional initiatives
• Ensure compliance with governance standards, internal policies, and solution approval processes

What You Bring:

• Nearly or newly qualified actuary (FASSA or equivalent)
• 5+ years of actuarial experience in life insurance, product development, or related commercial roles
• Strong understanding of mortality, morbidity, lapse, and operational risks within simplified life cover
• Experience in managing or contributing to solution roll-outs and implementations
• Commercial mindset with the ability to think innovatively and strategically
• Strong communication, collaboration, and business writing skills
• Experience engaging with senior stakeholders and managing change

Who You Are:

You're a curious, solutions-oriented professional who enjoys blending analytics with strategy. You thrive in a collaborative environment and are excited by the opportunity to make meaningful contributions in the simplified life insurance space.

Apply now!

Recriuter

• Seniority level Mid-Senior level

• Employment type Full-time

• Job function Finance, Accounting/Auditing, and Consulting
• Industries Financial Services, Insurance, and Banking

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Actuary - Invest Systems & Analytics Team

About Discovery

Discovery’s core purpose is to make people healthier and to enhance and protect their lives. We seek out and invest in exceptional individuals who understand and support our core purpose, and whose own values align with those of Discovery. Our fast-paced and dynamic environment enables smart, self-driven people to be their best. As global thought leaders, Discovery is passionate about innovating in order to not only achieve financial success, but to ignite positive and meaningful change within our society.

About Invest

Launched in 2007, Discovery Invest offers the full range of investment products for any client need, providing access to our top performing range of Discovery funds as well as a wide selection of leading local and international fund managers. Recently, Discovery Invest launched a unique offshore offering to enable South African investors unparalleled ease in accessing international investment opportunities. Discovery Invest is seeking to leverage the shared-value model to promote financial health and freedom for millions of South Africans. Through unique behavioural incentives and benefits, we reward clients for positive investment behaviour with extra investment returns. Discovery Invest is the only shared value investment platform in the country maximizing client outcomes before and after retirement. It is important for our employees to provide world class service to our internal and external clients, thereby ensuring long and sustainable relationships.

Key Purpose

The main purpose of this role is to use data analytics skills to enhance retention and distribution strategies, improving business processes, identify product opportunities, assist overviewing product implementation specs and vetting scenarios to ensure products are implemented as designed and that administrative system values are actuarially sound.

Responsibilities and Objectives of this role

The successful applicant will be responsible for but not limited to the following broad job functions:

• Using data analytics skills to optimise business processes, new business volumes and enhance retention and distribution strategies
• Be involved in developing new innovative product ideas and analysing experience to aid the pricing team
• Building MI data visualisation dashboards to help senior management making decisions affecting retention and distribution strategies
• Planning for new products, serving as the link between systems and actuarial & ensuring products are built as required
• Review new product specifications and implementation actuarial vetting scenarios
• Analyzing servicing scenarios and identifying possible system constraints on product design
• Ongoing involvement in addressing individual policy queries and issues
• Assisting with ad-hoc investigations and analyses including quantifying the financial impact of possible misalignment of actuarial specification and system implementation
• Applying actuarial knowledge to solve non-standard problems

Required Competencies

• Self-starter able to show initiative and drive projects to completion with guidance.
• Applying Expertise and Technology
• Analysing
• Creating and Innovating
• Working with People

Education and Experience

Essential

• Qualified Fellow Actuary
• MS Excel – Proficient
• Database experience (SQL)
• Must have experience with statistical software (R and/or Python)
• Programming experience and understanding. (e.g. VBA)

Advantageous

• Industry experiences applying ML/ regression models in analytics
• Previous systems work or software testing/ coding experience.
• Invest and/or Life insurance 3 – 10 years’ industry experience

EMPLOYMENT EQUITY

The Company’s approved Employment Equity Plan and Targets will be considered as part of the recruitment process. As an Equal Opportunities employer, we actively encourage and welcome people with various disabilities to apply.

Press Tab to Move to Skip to Content Link

Select how often (in days) to receive an alert:

Select how often (in days) to receive an alert:

Discovery’s core purpose is to make people healthier and to enhance and protect their lives. We seek out and invest in exceptional individuals who understand and support our core purpose, and whose own values align with those of Discovery. Our fast-paced and dynamic environment enables smart, self-driven people to be their best. As global thought leaders, Discovery is passionate about innovating in order to not only achieve financial success, but to ignite positive and meaningful change within our society.

About Discovery Life

Discovery Life is an ever growing fast-paced and dynamic environment that provides innovative risk assurance to individual clients. This environment thrives on customer engagement and customer experience as well as mutually beneficial relationships with our brokers and other stakeholders. It is important for our employees to provide world class service to our internal and external clients, thereby ensuring long and sustainable relationships.

Purpose

The Individual Life Advanced Analytics function is responsible for innovative, strategic and impactful projects for the business. The focus of the team is to support development and implementation of data science projects and involves exposure to a wide range of business areas such as underwriting, claims, legal and other operations, as well as the wider Discovery Group.

Key Outputs / Job Responsibilities

Key Outputs may include but are not limited to:

• Mining large structured and unstructured datasets for data exploration to find new insights
• Perform data investigations to inform operational efficiency and interaction strategies
• Transform data into meaningful model inputs and data pipelines
• Develop and refine predictive models such as fraud, underwriting and customer behavioural models
• Prototyping and supporting the implementation of Natural Language Processing (NLP), Large Language Model (LLM) and other generative AI business cases
• Support model implementation and monitoring of model performance
• Further develop existing models and research new techniques to fully utilise the unique and rich Discovery data universe
• Participate in the wider Discovery Data Science community

Work Experience

• 3 – 5 years related experience

Advantageous:

• >5 years related experience

Education / Qualifications / Accreditations with Professional Body

• Qualified Actuary (FIA, FASSA)

Professional Registration required:

• Qualified Actuary (FIA, FASSA)

Technical Skills or Knowledge

Required:

• Statistical and mathematical skills
• Great writing and reporting skills
• Life insurance actuarial knowledge
• Presenting insights and solutions to senior management

Advantageous:

• Programming skills, specifically in Prophet, SQL and R/Python
• Expert statistical and mathematical skills
• Storytelling and data visualisation in addition to reporting skills
• Life / Health insurance actuarial knowledge

EMPLOYMENT EQUITY The Company’s approved Employment Equity Plan and Targets will be considered as part of the recruitment process. As an Equal Opportunities employer, we actively encourage and welcome people with various disabilities to apply. #J-18808-Ljbffr

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Key Purpose

The main purpose of this role is to use data analytics skills to enhance retention and distribution strategies, improving business processes, identify product opportunities, assist overviewing product implementation specs and vetting scenarios to ensure products are implemented as designed and that administrative system values are actuarially sound.

Recruiter:

Focus Kamoso (Pty) Ltd

Job Ref:



Date posted:

Tuesday, June 24, 2025

Location:

Sandton, South Africa

SUMMARY:

POSITION INFO:

Key Purpose

The main purpose of this role is to use data analytics skills to enhance retention and distribution strategies, improving business processes, identify product opportunities, assist overviewing product implementation specs and vetting scenarios to ensure products are implemented as designed and that administrative system values are actuarially sound.

Responsibilities And Objectives Of This Role

• The successful applicant will be responsible for but not limited to the following broad job functions:
• Using data analytics skills to optimise business processes, new business volumes and enhance retention and distribution strategies
• Be involved in developing new innovative product ideas and analysing experience to aid the pricing team
• Building MI data visualisation dashboards to help senior management making decisions affecting retention and distribution strategies
• Planning for new products, serving as the link between systems and actuarial & ensuring products are built as required
• Review new product specifications and implementation actuarial vetting scenarios
• Analyzing servicing scenarios and identifying possible system constraints on product design
• Ongoing involvement in addressing individual policy queries and issues
• Assisting with ad-hoc investigations and analyses including quantifying the financial impact of possible misalignment of actuarial specification and system implementation
• Applying actuarial knowledge to solve non-standard problems
  
  

• Self-starter able to show initiative and drive projects to completion with guidance.
• Applying Expertise and Technology
• Analysing
• Creating and Innovating
• Working with People
  
  

• Qualified Fellow Actuary
• MS Excel – Proficient
• Database experience (SQL)
• Must have experience with statistical software (R and/or Python)
• Programming experience and understanding. (e.g. VBA)
  
  

• Industry experiences applying ML/ regression models in analytics
• Previous systems work or software testing/ coding experience.
• Invest and/or Life insurance 3 – 10 years’ industry experience
  
  
  
  

• Seniority level Mid-Senior level

• Employment type Full-time

• Job function Finance and Sales
• Industries Advertising Services

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Pricing Actuary – Individual and Group Life | Cape Town (Hybrid)

Introduction:

Join a globally trusted player in the life and health reinsurance space, renowned for its collaborative culture, innovation-driven ethos, and commitment to thought leadership. This hybrid opportunity, based in Cape Town, offers actuaries the chance to apply their technical expertise across diverse product lines and make a significant strategic impact.

Role Responsibilities:

• Prepare quotes for new and existing Group and Individual Life reinsurance business.
• Analyse life and health portfolios to support risk management, experience studies, and pricing decisions.
• Contribute to the development of new insurance products and revisions of existing offerings.
• Provide detailed management information and portfolio monitoring insights.
• Maintain pricing guidelines, tools, and treaty documentation standards.
• Conduct research to improve risk assessment and drive competitive advantage.
• Represent the organisation as a thought leader through client engagement, industry forums, and publications.
• Foster and maintain key client relationships.

Experience Requirements:

• Qualified actuary with a minimum of 3 years of relevant experience.
• Exposure to life insurance pricing, product development, or reinsurance is advantageous.
• Strong analytical, problem-solving, and multitasking capabilities.
• Excellent communication and relationship-building skills.
• High proficiency in SQL Server and R.
• Proven ability to work independently and meet tight deadlines.

Education Requirements:

• Qualified actuary (Fellowship with ASSA or equivalent).
• Continued professional development in actuarial or analytics domains is a plus.

About Truffle:

At Truffle, we specialize in connecting top actuarial and analytics professionals with exciting career opportunities. Join our network to access roles tailored to your expertise and ambitions. Explore other exciting opportunities at

By submitting your application, you consent to Truffle processing your personal information in line with the Protection of Personal Information Act (POPI). If you have not received a response within two weeks, please consider your application unsuccessful.

Key Purpose: The main purpose of this role is to use data analytics skills to enhance retention and distribution strategies, improve business processes, identify product opportunities, assist in reviewing product implementation specifications, and vet scenarios to ensure products are implemented as designed and that administrative system values are actuarially sound.

Responsibilities and Objectives of this role: The successful applicant will be responsible for, but not limited to, the following functions:

1. Using data analytics skills to optimize business processes, new business volumes, and enhance retention and distribution strategies.
2. Involvement in developing new innovative product ideas and analyzing experience to aid the pricing team.
3. Building MI data visualization dashboards to support senior management decision-making related to retention and distribution strategies.
4. Planning for new products, serving as the link between systems and actuarial, and ensuring products are built as required.
5. Reviewing new product specifications and conducting actuarial vetting scenarios.
6. Analyzing servicing scenarios and identifying possible system constraints on product design.
7. Ongoing involvement in addressing individual policy queries and issues.
8. Assisting with ad-hoc investigations and analyses, including quantifying the financial impact of possible misalignments between actuarial specifications and system implementation.
9. Applying actuarial knowledge to solve non-standard problems.

Required Competencies: Self-starter able to show initiative and drive projects to completion with guidance.

Applying Expertise and Technology: Analyzing, creating, innovating, and working with people.

Education and Experience: Essential:

• Fellow Actuary qualification
• Proficient in MS Excel
• Database experience (SQL)
• Experience with statistical software (R and/or Python)
• Programming experience and understanding (e.g., VBA)

Advantageous:

• Industry experience applying ML/regression models in analytics
• Previous systems work or software testing/coding experience
• Invest and/or Life insurance industry experience (3–10 years)

General Re Corporation, a subsidiary of Berkshire Hathaway Inc. , is a holding company for global reinsurance and related operations, with more than 2,000 employees worldwide. It owns General Reinsurance Corporation and General Reinsurance AG, which conducts business as Gen Re.

Gen Re delivers reinsurance solutions to the Life/Health and Property/Casualty insurance industries. Represented in all major reinsurance markets through a network of 37 offices , we have earned superior financial strength ratings from each of the major rating agencies. We value diversity, equality and inclusion and promote a culture that supports professional and personal growth.

General Reinsurance, Cape Town Branch (a subsidiary of General Reinsurance AG) is offering an opportunity for Reserving Actuary in our Life Australia, UK, SA, Canada division.

Key Responsibilities
Gen Re is looking for an actuary with 3-6 years working experience to join our valuations team. The position will report to the Reserving Manager.

• Assist with financial reporting on a US GAAP and IFRS basis
• Assist with regulatory reporting for SAM and Solvency II
• Engaging with internal and external auditors after the year end
• Assist with any further system design developments required from a US GAAP LDTI and IFRS 17 perspective
• Analyse valuation data and results to gain a deeper understanding and insight into the business
• Development and maintenance of tools to analyse actuarial data to enhance management and regulatory reporting
• Monitoring and provision of management information
• Participation in international projects (for example US GAAP LDTI / IFRS 17 / Admin Data Systems projects)
• Automation of models and business processes
• Analyse and assess the valuation data for the purpose of experience studies or assumption setting.

Qualifications & Experience

• Qualified actuary with a minimum of 3 years’ experience
• Excellent IT skills (MS Office, SQL Server, working with large datasets)
• Strong problem-solving skills, particularly when in new situations or dealing with clients
• Excellent skills in actuarial modelling, data, and statistical analysis
• Strong statistical software skills (Knowledge of R, Python and GGY AXIS will be advantageous)
• Excellent numerical and analytical skills
• Consistent pursuit of excellence in execution and delivery
• Self-motivated with a flexible attitude and enthusiasm for the role
• Excellent verbal and written communication skills
• Ability to work with minimum supervision
• Strong interpersonal skills with an ability to work effectively as part of a team, deal with people at all levels and in all areas of the business
• Able to work under pressure in meeting internal and external deadlines
• Confident when communicating with more senior team members/colleagues throughout the organisation
• Knowledge of SAM, Solvency II and IFRS 17 will be advantageous

Contact
Human Resources

Our Address

General Reinsurance Africa Ltd.

(Reinsurer licensed to conduct composite insurance business)

2nd Floor, Waterway House North, 3 Dock Road V&A Waterfront,
Cape Town, 8001 (South Africa)

Preference will be given, but not limited to, candidates from designated groups in terms of the Employment Equity Act and our employment equity policy.

General Re Corporation, a subsidiary of Berkshire Hathaway Inc. , is a holding company for global reinsurance and related operations, with more than 2,000 employees worldwide. It owns General Reinsurance Corporation and General Reinsurance AG, which conducts business as Gen Re.

Gen Re delivers reinsurance solutions to the Life/Health and Property/Casualty insurance industries. Represented in all major reinsurance markets through a network of 37 offices , we have earned superior financial strength ratings from each of the major rating agencies. We value diversity, equality, and inclusion, and promote a culture that supports professional and personal growth.

General Reinsurance, Cape Town Branch (a subsidiary of General Reinsurance AG), is offering an opportunity for a Pricing Actuary in our Life Australia, UK, SA, Canada division.

• Preparing quotations for new business and reviews of existing business for both Group and Individual Life business across multiple product lines.
• Analyzing and assessing life and health reinsurance portfolios for risk management, experience studies, planning, and quotation.
• Developing new products and assisting clients with revisions to existing products.
• Monitoring and providing management information statistics.
• Maintaining the company’s pricing guidelines, pricing tools, and treaty wording standards.
• Undertaking focused research to generate competitive advantage through superior understanding of risk.
• Building the company's image as a thought leader through client interactions, industry involvement, publications, and presentations.
• Managing client relationships.

• Qualified actuary with a minimum of 3 years’ experience.
• Prior work experience in life insurance pricing, product development, or reinsurance is an advantage.
• Strong numerical and analytical skills with a methodical work approach.
• Ability to multi-task and work under pressure to meet deadlines.
• Strong problem-solving skills, especially in new situations or client interactions.
• Ability to build strong relationships internally and externally.
• Excellent verbal and written communication skills.
• Commitment to excellence in execution and delivery.
• Excellent IT skills (MS Office, SQL Server, R, working with large datasets).
• Ability to work independently with minimal supervision.

Human Resources

General Reinsurance Africa Ltd.

(Reinsurer licensed to conduct composite insurance business)

2nd Floor, Waterway House North, 3 Dock Road, V&A Waterfront,
Cape Town, 8001, South Africa

Preference will be given, but not limited to, candidates from designated groups in terms of the Employment Equity Act and our employment equity policy.