Actuarial Pricing Specialist

Recruiter:

MECS Africa

Job Ref:

JHB012457/MK

Date posted:

Wednesday, May 13, 2026

Location:

Johannesburg, South Africa

SUMMARY:
Non- Negotiable:
Short term Insurance experience
Must have passed F103 Exam

This role will be to assist with pricing, product development and providing insights to the Clients General Insurance Business. The role will provide technical support in the form of pricing, product review and development of new and existing business.

POSITION INFO:
Duties and 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 and 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.

Requirements

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

Competencies

Ability to examine and interpret data and provide insights, strong technical expertise.
Achievement orientation.
Effectively manage time and ensure optimal productivity. Excellent analytical and communication skills.
Results and solution focused.
High degree of self-motivation and the ability to work independent of supervision.
Naturally inquisitive mind set, with a strong innovative tendency.
Self Confidence.
Flexibility to cope with pressure and setbacks.
Delivering results and meeting expectations.

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