Actuarial Specialist - Short-Term Pricing

Recruiter:

Network Recruitment

Job Ref:

NFP016776/ZG

Date posted:

Friday, April 24, 2026

Location:

Johannesburg, South Africa

Salary:

Annually

SUMMARY:
An opportunity exists for an Actuarial Pricing Specialist to join a highâperforming Structuring and Solutions team within a shortâterm insurance environment. The successful candidate will be responsible for pricing, product development, and delivering strategic actuarial insights within a riskâtaking insurance business.

POSITION INFO:
This role focuses on developing technically sound and commercially competitive pricing frameworks while supporting the review and development of new and existing insurance products. The environment is fastâpaced, analytical, and collaborative, offering exposure to complex pricing challenges and innovative product solutions.

You will work closely with underwriting, claims, IT, and product teams, as well as external stakeholders, to provide actuarial support, drive product profitability, and translate actuarial analysis into clear, actionable business insights.

Key Responsibilities:

Take accountability for pricing methodologies and product development frameworks
Lead pricing reviews and re-pricing exercises to ensure technical soundness and market competitiveness
Coordinate with underwriting, claims, IT, and product teams to develop a holistic understanding of products and processes
Assess and approve new product offerings, ensuring commercial viability and regulatory compliance
Review and ensure the accuracy of actuarial work produced by team members
Provide guidance and mentorship to junior actuarial analysts
Enhance tools and processes to monitor policy value accuracy
Investigate pricing deviations, quantify impacts, and recommend corrective actions
Ensure projects adhere to audit, governance, and risk management requirements
Collaborate with external business partners on pricing models and processes
Support the design and development of bespoke insurance solutions for clients
Monitor and report on product profitability in line with actuarial best practice
Act as a senior technical advisor to management and external stakeholders

Job Experience and Skills Required:
Education:

Actuarial degree or Bachelor’s degree with Mathematics or Statistics as majors
Nearly / Newly Qualified Actuary (AMASSA)

Experience:

Minimum of 5 years’ relevant actuarial experience within insurance or financial services
Associate Actuary or making strong progress toward Associate level exams
Proven experience in pricing, product development, or actuarial modelling
Strong understanding of insurance products, contracts, and industry legislation
Experience reviewing and validating actuarial work
Exposure to data extraction and large datasets advantageous

Skills:

Strong actuarial and statistical modelling skills
Advanced Excel and strong numerical ability (essential)
SQL experience advantageous
Coding exposure in Python and/or R beneficial
Ability to analyse complex data and provide clear, actionable insights
Excellent communication skills with both technical and non-technical stakeholdersStrong

For more exciting Actuarial and Analytics vacancies, please visit:

I also specialise in recruiting in the following:

Actuarial: Life, Short-Term, Health, Pensions, and Quantitative

Data & Analytics: Data Scientists, Data Analysts (Python, R, SQL, Machine Learning)

Risk: Credit Risk, Market Risk, Model Risk, and Operational Risk Analysts

Pricing: Specialists in Insurance and Financial Products

AI & Machine Learning: ML Ops, NLP, Predictive Modelling Data Scientists

Quantitative: Experts across Banking, Insurance, and FinTech

If you have not had any response in two weeks, please consider the vacancy application unsuccessful. Your profile will be kept on our database for any other suitable roles / positions.

For more information, contact:
Zahrah Gani
Specialist Recruitment Consultant
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