Pricing Analyst – Life Insurance

Recruiter:

Omega Human Capital

Job Ref:

1604326623

Date posted:

Thursday, March 5, 2026

Location:

Sandton, South Africa

SUMMARY:
-

POSITION INFO:

A leading financial services organisation is seeking an experienced Pricing Analyst to join their team. This role will focus on supporting pricing and quotation processes across the organisation’s insurance product offerings while ensuring accurate, timely delivery of new business quotes, renewals, and risk proposals.

The successful candidate will play an important role in pricing analysis, risk assessment, and scheme renewals, working closely with internal stakeholders, reinsurers, and underwriting teams.

Key Responsibilities

Pricing & Quotations

Prepare accurate and timely new business quotations, risk proposals, and scheme renewals.
Apply the organisation’s defined pricing methodologies across various insurance products.
Manage both book-rated and claims-rated quotations.
Maintain and update the quotation register for new and existing schemes.

Pricing Analyst

Data Analysis & Reporting

Capture and analyse claims experience and pricing trends.
Analyse and report on price monitoring and performance indicators.
Support pricing decisions through data-driven insights.

Stakeholder Engagement

Work closely with reinsurers and underwriters when required.
Manage stakeholder queries and escalations professionally and within agreed timelines.
Maintain strong collaboration with internal teams and external partners.

Operational & Administrative Support

Track pricing tasks and ensure deadlines are consistently met.
Maintain accurate electronic filing and documentation.
Support ad-hoc projects and initiatives when required.
Identify opportunities to improve processes and operational efficiency.

Minimum Requirements

Bachelor’s Degree in Data Science, Statistics, Financial Mathematics, Actuarial Science, or a related field.
5–8 years’ experience in a similar role within Life Insurance.
Strong understanding of risk benefits and actuarial assumptions.
Experience working with insurance pricing, quotations, and scheme renewals.
Strong analytical and data interpretation skills.

Key Competencies

Strong attention to detail and accuracy.
Excellent analytical and problem-solving ability.
Ability to manage multiple tasks and meet deadlines.
Strong stakeholder engagement and communication skills.
Ability to identify opportunities for process improvements and operational efficiencies.

This role is ideal for a professional with strong insurance pricing and analytical expertise, looking to contribute to a dynamic financial services environment.

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