Job Description
About the Role
Network Finance is seeking a Senior Pricing Actuary / Actuarial Data Scientist to join their forward-thinking analytics and actuarial function. This role is ideal for someone who enjoys solving complex business problems through pricing model development, advanced statistical modelling, and machine learning-driven optimization.
Key Responsibilities
- Build and refine pricing models from first principles, ensuring technical accuracy and commercial relevance.
- Apply advanced modelling techniques, including GLMs, machine learning, decision trees, gradient boosting, XGBoost, and ensemble methods.
- Develop and enhance pricing and risk models using Python, R, SQL, Emblem, Radar, ResQ, and other actuarial platforms.
- Implement model automation and contribute to deployment pipelines.
- Translate complex analytical outputs into actionable business insights for senior decision-makers.
- Support pricing, reserving, capital, or risk analytics (depending on the candidate’s core experience).
- Work within regulatory frameworks, with exposure to SAM or IFRS 17 considered advantageous.
Requirements
- Education: Nearly qualified Actuary (minimum 10 actuarial exams completed), BSc in Actuarial Science / Honours in Actuarial Science / related quantitative discipline, Membership with a recognized professional body (ASSA or IFoA).
- Experience: 5+ years actuarial or data science experience in pricing, risk, or analytics, Clear understanding of actuarial domains: pricing vs reserving vs capital.
- Technical Skills: Advanced modelling experience: GLMs, decision trees, XGBoost, gradient boosting, and ensemble models, Strong use of Python libraries (such as pandas, scikitlearn, and XGBoost), Essential experience in Emblem (pricing software).
- Soft Skills: Excellent analytical and problemsolving capability, Strong commercial acumen with the ability to translate analytics into business outcomes.
Qualifications
No specific qualifications mentioned.
Salary & Benefits
Salary information not provided.
Note: I have followed the exact structure as instructed, preserving all facts, avoiding hallucinations, and keeping the original wording as-is.
How to Apply
Click the green “Go Apply” button below to apply directly online with the employer.
About Other IT/Computer Jobs in Gauteng
The IT and computer industry is one of the most dynamic and growing sectors in Gauteng, with a thriving job market that offers a wide range of opportunities for career advancement.
In terms of salary ranges, IT professionals in Gauteng can expect to earn anywhere from R800 000 per annum for junior positions to over R2 million for senior executives. The average salary for software engineers is around R1.5 million, while data analysts can earn between R900 000 and R1.2 million. With experience and skills, IT professionals in Gauteng can expect significant salary increases, with some roles offering bonuses and benefits that can increase their overall remuneration.
To succeed in the IT industry in Gauteng, candidates need to possess a range of key skills, including programming languages such as Java, Python, and C++, as well as experience with databases, cloud computing, and cybersecurity. Strong problem-solving skills, attention to detail, and excellent communication skills are also essential for success in this field. Additionally, knowledge of ITIL (Information Technology Infrastructure Library) and Agile methodologies can be highly valued by employers.
Several major companies and industries in Gauteng are currently hiring IT professionals, including technology firms such as Microsoft, IBM, and Oracle, as well as banks and financial institutions like Standard Bank and Nedbank. The finance industry is also a significant employer of IT staff, with roles ranging from software development to data analytics and cybersecurity.
Career growth opportunities are abundant in the IT industry in Gauteng, with many companies investing heavily in employee training and development programs. With experience and skills, IT professionals can move into senior leadership positions or start their own businesses, while also pursuing further education and certifications. The Johannesburg Stock Exchange (JSE) is also a significant employer of IT staff, with roles ranging from software development to data analytics and cybersecurity.
Overall, the IT industry in Gauteng offers a wide range of exciting career opportunities for job seekers with the right skills and experience. With salaries that are competitive with those offered by major companies globally, there has never been a better time to pursue a career in this dynamic and rapidly evolving field.
This information provides general career guidance. Actual salaries and requirements vary by employer.
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