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George: Actuarial Business Analyst (Data Science and Machine Learning Focused) posted by DataFin Recruitment

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Job Description

ENVIRONMENT: OUR client is redefining how insurance and technology work together and is looking for an experienced Actuarial Business Analyst with a strong focus on leading a team of Data Scientists to design, develop, and implement Machine Learning models. The role involves evaluating and quantifying the business impact of these models, translating complex analytical outputs into clear, actionable insights, and ensuring operational teams fully understand and leverage the results. You will act as the key bridge between Data Science and business, driving measurable value through advanced analytics. The successful incumbent must possess an Honours/Degree in Actuarial Science with 7 years experience in the Insurance or Financial Services sector (preferably short-term insurance) including proven experience in developing statistical and/or Machine Learning models. You also require proficiency in BI tools such as Power BI, Qlik Sense, Tableau, or similar platforms.

DUTIES:

Leadership & Team Management –

  • Lead and mentor a team of Data Scientists to deliver impactful Machine Learning solutions.
  • Foster a culture of innovation, collaboration, and continuous improvement.

Model Development & Evaluation –

  • Oversee the development, testing, and deployment of Machine Learning models.
  • Evaluate and quantify the business impact of analytical solutions.
  • Ensure models are accurate, relevant, and fit-for-purpose.

Stakeholder Engagement –

  • Serve as the primary liaison between the Data Science team and business stakeholders.
  • Translate technical concepts into actionable recommendations for both technical and non-technical audiences.
  • Communicate insights effectively, ensuring operational adoption of model outputs.

Project & Requirements Management

  • Gather, define, and document business and technical requirements for Data Science projects.
  • Ensure projects align with strategic business objectives and deliver measurable outcomes.

Best Practice & Process Improvement –

  • Champion best practices in analytics, modelling, and business integration.
  • Identify opportunities to improve modelling approaches and operational use of analytics.
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REQUIREMENTS:

Qualifications

  • Degree or Honours in Actuarial Science.

Experience/Skills

  • Minimum 7 years experience in the Insurance or Financial Services sector (preferably short-term insurance).
  • Proven experience in developing statistical and/or Machine Learning models.
  • Demonstrated ability to assess and articulate the business impact of Machine Learning models.
  • Previous leadership experience within Data Science, Analytics, or Actuarial teams.
  • Experience with Claims Modelling and Survival Analysis/Modelling in the Insurance industry.
  • Proficiency in BI tools such as Power BI, Qlik Sense, Tableau, or similar platforms.

Preferred / Advantageous:

  • Familiarity with Python, R, SQL, and cloud data platforms such as Snowflake.
  • Understanding of data-driven decision-making frameworks.

How to Apply

Click the green “Go Apply” button below to apply directly online with the employer.

About Other Insurance Jobs in Western Cape

The Other Insurance (OI) industry in the Western Cape is part of the broader insurance sector, which has experienced steady growth in recent years due to increasing demand for risk management solutions. Typically, OI roles are sought after by professionals who can provide specialist underwriting and claims handling services to insurers. Generally, these jobs require strong analytical skills and a deep understanding of insurance products and policies.

Salaries for Other Insurance professionals in the Western Cape vary widely depending on factors such as experience, company size, and industry sector. Broadly speaking, salaries typically fall within the R500 000 – R1 200 000 per annum range, although actual figures can be higher or lower, depending on individual circumstances. It’s worth noting that salaries can also vary significantly between smaller independent agents and larger multinational insurers.

Common skills for Other Insurance roles include strong analytical and problem-solving abilities, excellent communication and interpersonal skills, a solid understanding of insurance laws and regulations, and the ability to work effectively in a team environment. Other essential skills may include proficiency in software applications such as policy administration systems or claims handling tools. Generally, professionals with experience in financial services, law, or other related fields can bring valuable skills and expertise to OI roles.

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Industry sectors that commonly employ Other Insurance professionals include the financial services sector, technology industry, and manufacturing sector. These industries often require specialized insurance products and underwriting expertise to mitigate risks and protect assets. In addition to these sectors, the healthcare and construction industries are also significant users of OI services.

Career development opportunities for Other Insurance professionals in the Western Cape are generally strong, with many companies offering training and development programs to enhance skills and knowledge. Typically, career progression involves taking on more senior roles within an organization or seeking opportunities in related fields such as underwriting, claims handling, or risk management. With experience and expertise, OI professionals can also consider starting their own independent agencies or consulting practices.


This information provides general career guidance. Actual salaries and requirements vary by employer.



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