Actuarial Specialist - Short-Term Pricing

Recruiter:

Network Recruitment

Job Ref:

NFP016849/ZG

Date posted:

Friday, May 29, 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 impact, and recommend corrective actions
Ensure that 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 towards 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 stakeholders

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