Actuary / Senior Actuarial Analyst
Location: George, South Africa (on-site preferred) | Remote within South Africa considered
About Pacific International Insurance
Pacific International Insurance has been helping Australians protect what matters for over 20 years. Backed by the global strength of Badger International, an insurance organisation with international interests, Pacific delivers trusted, quality insurance products across Australia and New Zealand, with full international endorsement. As an Australasian insurance underwriting company, Pacific offers a range of personal and business insurance solutions across various brands.
Pacific's business philosophy is to provide soft landings through all interactions with partners, customers, community, staff, and the broader industry, and this commitment sits at the core of every product we build and every service we deliver. This is a business that values analytical rigour, commercial integrity, and people who want to do meaningful work in a collaborative, high-output environment.
About the Role
We are looking for an experienced Actuary or Senior Actuarial Analyst to join our growing South African team. This is a technically demanding, high-impact role responsible for delivering best-practice actuarial analysis, technical pricing, and portfolio monitoring across Pacific's insurance portfolios. You will work closely with the Lead Underwriter, Chief Underwriting Officer, and Product Specialists to translate complex actuarial insights into clear, actionable recommendations that drive profitability, growth, and regulatory compliance.
Key Responsibilities
Actuarial Analysis & Pricing
- Develop and maintain technical pricing models for direct and binder portfolios, recommending pricing and product changes to improve profitability and competitiveness.
- Conduct and document technical pricing reviews, relativity reviews, and pricing implementation testing across all product lines.
- Monitor and adjust rates to maintain profitability and market competitiveness, providing clear recommendations to the CUO and Lead Underwriter.
- Troubleshoot increases in claims costs and identify root causes driving deterioration, recommending corrective actions.
- Conduct competitor monitoring and benchmarking across key product lines to inform pricing strategy.
- Maintain thorough documentation of all actuarial analyses, assumptions, and model changes.
Portfolio Monitoring & Reporting
- Design, build, and maintain standardised portfolio monitoring and reporting packs providing comprehensive insights into portfolio performance across all product lines.
- Develop and maintain TMD monitoring metrics and analytical reporting to support the Senior Product Specialist in conducting TMD reviews and managing distribution compliance obligations.
- Build and maintain detailed portfolio monitoring frameworks at rating factor level, enabling early identification of adverse mix changes or emerging risks.
- Implement mix change detection methodologies (e.g. CART) to support proactive portfolio management.
- Develop and maintain budgeting and forecasting models for portfolio performance in collaboration with the CUO and finance team.
- Ensure analytical datasets are automated, reconciled, and available to meet the needs of the Appointed Actuary.
- Build and maintain valuation models that can support financial reporting
Data & Analytics Infrastructure
- Collaborate with data teams to establish and maintain actuarial datasets for modelling and monitoring purposes.
- Scale best-practice actuarial and analytics methodologies across the business to enhance reporting and meet the needs of various business functions.
- Support the development and upskilling of Actuarial Analysts by sharing methodologies, tools, and technical standards.
Relationship & Communication
- Present actuarial findings, portfolio insights, and pricing recommendations to senior management and stakeholders in a clear and actionable manner.
- Liaise with the finance team to support financial reporting and reserving processes.
- Collaborate with the Lead Underwriter on integrated underwriting and actuarial reviews.
- Work with cross-functional teams — including claims, distribution, product, reinsurance, finance, and the Badger Group actuaries — to support data-driven decision-making.
- Mentor and support the development of junior Actuarial Analysts, providing technical guidance and fostering a culture of continuous learning and analytical rigour.
Bonus Skills
- Experience with reserving, budgeting, and forecasting in a general insurance context.
- Familiarity with APRA FAR obligations and their application to pricing and product functions.
- Familiarity with IFRS17.
- Experience building automated reporting pipelines or working with BI tools.
- Familiarity with general insurance products such as Pet, Travel, Motor, Home, Property, Liability and Commercial packages.
Where will you work?
This role is based in George, South Africa. We strongly prefer candidates who are able to work on-site at our George office, however we are open to considering exceptional remote candidates within South Africa. Given that this role supports an Australian business, working hours will be semi-aligned to the Australian time zone, and candidates should be comfortable with an early start to the working day to ensure sufficient overlap with the Australian team.
Why Join Us?
This is a rare opportunity to work at the analytical heart of a growing, internationally backed insurance business — contributing directly to pricing strategy, portfolio performance, and regulatory compliance across a diverse range of product lines. You will work in a collaborative, intellectually rigorous environment where your insights will be heard, valued, and acted upon. If you are an actuarial professional looking for a role with genuine scope, commercial impact, and the opportunity to grow your career within an innovative Australasian business, we would love to hear from you.
