Actuarial Pricing Specialist

SUMMARY:
Psybergate is an IT company that builds bespoke software solutions and provides highly skilled resources to its clients.

We are looking for an Actuarial Pricing Specialist to join our financial services client based in Sandton on a permanent role.

POSITION INFO:

What you will be doing:

• Take accountability for product development and pricing frameworks across the General Insurance portfolio.
• Lead rate reviews and re-pricing exercises to ensure technical soundness and market competitiveness.
• Coordinate with IT, underwriting, claims teams, and product owners to develop a holistic understanding of products and processes.
• Oversee the assessment and approval of new product offerings, ensuring commercial viability and regulatory compliance.
• Provide technical pricing support for new and existing business within the General Insurance segment.
• Review and ensure accuracy of actuarial work completed by team members.
• Provide guidance and mentorship to junior actuarial analysts.
• Improve tools and processes used to monitor policy values and pricing accuracy.
• Investigate deviations, quantify impacts, and recommend corrective actions.
• Ensure projects adhere to audit, governance, and risk management requirements.
• Support bespoke client product design with a focus on innovation, profitability, and sustainability.
• Monitor and report on financial performance, including product profitability.
• Act as a senior technical advisor, translating actuarial insights into actionable business decisions.

What we are looking for:

• Actuarial degree or bachelor’s degree with Mathematics or Statistics as majors.
• Associate Actuary qualification or strong progress toward Associate level exams.
• Minimum of 5 years’ relevant actuarial experience, preferably within General Insurance.
• Strong pricing and product development experience.
• Proven modelling experience.
• Coding skills in SQL, with Python and R advantageous.
• Solid knowledge of insurance products, contracts, and relevant industry legislation.
• Strong numerical ability and advanced proficiency in MS Excel, MS Word, and SQL.
• Experience with data extraction and analysis is advantageous.
• Excellent analytical, communication, and stakeholder engagement skills.
• Self-driven, results-oriented, and able to work independently under pressure.
• Innovative mindset with strong problem-solving capability.