Actuarial Pricing Specialist

Recruiter:

Be Different Recruitment

Job Ref:

1682372727

Date posted:

Monday, February 2, 2026

Location:

Johannesburg, South Africa

SUMMARY:
-

POSITION INFO:

In order to be considered the following is required:

An Actuarial or bachelor’s degree with mathematics or statistics as majors
Associate Actuary or making good progress with Associate level exams
5 years' relevant work experience
Modelling experience
Coding knowledge in SQL, Python and R advantageous
Knowledge of insurance products, contracts and relevant industry legislations
Sound numerical skills and computer literacy is essential especially in the use of MS Excel, MS Word and SQL
Skills / experience in extraction would be advantageous
Ability to examine and interpret data and provide insights

Responsibilities:

Take accountability for all product development and pricing frameworks
Coordination with IT, underwriters, claims teams and product owners to develop holistic understandings of various products and processes within the space
Lead rate reviews and re-pricing exercises for the existing product suite to maintain technical soundness and market competitiveness
Oversee the assessment and approval of new product offerings, ensuring they are commercially viable and compliant
Review and ensure the accuracy of fellow team members' work
Provide guidance to junior actuarial analysts
Improve tools and processes that monitor the accuracy of policy values
Investigate, quantify and explain any deviations and advise on corrective measures
Ensure that all projects to be implemented adhere to audit and risk management requirements
Collaboration with external business support to define and develop the pricing models and processes
Support clients in the design and development of bespoke products, with a focus on innovation, profitability, and sustainability
Manage financial performance reporting, including monitoring product profitability and adherence to best-practice actuarial standards
Act as a senior technical advisor to both management and external stakeholders, translating complex actuarial insights into actionable business decisions

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Please consider your application as unsuccessful if you have not received a response within 14 days of submitting your application. However, please keep a lookout on our website,

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