Head: Actuary non-life

SUMMARY:
Head: Actuary non-life

POSITION INFO:

Role Overview:

We are looking for an experienced actuarial leader to head the Non-Life Pricing & Structuring function. This strategic role is responsible for driving product development, pricing strategies, and structuring initiatives across the CRS and VUMA portfolios. The successful candidate will play a key role in ensuring the technical integrity, regulatory compliance, and commercial viability of our non-life insurance offerings.

Key Responsibilities:

• Strategic Leadership
  Provide strategic direction to the Non-Life Pricing & Structuring team, ensuring alignment with overall business objectives and market strategy.

• Product & Pricing Oversight
  Lead the development and refinement of product pricing models across new and existing non-life insurance offerings.
  Review and approve pricing frameworks to ensure consistency with internal governance, regulatory requirements, and actuarial best practice.

• Portfolio Management
  Conduct regular rate reviews and repricing exercises to ensure technical soundness and maintain market relevance of existing products.

• Product Development & Innovation
  Evaluate and approve new product proposals, ensuring they meet profitability targets and comply with regulatory expectations.
  Collaborate with internal stakeholders to co-create and launch innovative, tailored insurance solutions.

• Deal Structuring & Client Engagement
  Work closely with business development and underwriting teams to structure bespoke deals and capital-efficient underwriting models.
  Provide actuarial expertise in structuring client-specific insurance and risk transfer solutions.

• Performance Monitoring & Reporting
  Oversee the monitoring of product performance, profitability metrics, and ensure alignment with best-practice actuarial standards.

• Advisory & Technical Leadership
  Serve as a senior technical advisor, translating complex actuarial models into actionable insights for both internal teams and external clients.

Qualifications & Experience:

• Qualified or nearly qualified actuary (FASSA or internationally recognised equivalent)

• Successful completion of F103 (General Insurance Principles) or equivalent short-term insurance exam

• Bachelor’s or Honours degree in Actuarial Science, Mathematics, Statistics, or a related quantitative discipline (NQF Level 7 or above)

• 5–8 years’ experience in the short-term (non-life) insurance sector

• Proven expertise in pricing methodologies, product structuring, and actuarial modelling

• Exposure to the SAM (Solvency Assessment and Management) regime

Key Competencies:

• Strong leadership and team management capabilities

• Deep technical actuarial knowledge with a commercial mindset

• Excellent communication and stakeholder engagement skills

• Analytical thinker with sound judgement

• Ability to drive innovation in a regulated environment