Pricing Analyst – Life Insurance

Recruiter:

Omega Human Capital

Job Ref:

2493021540

Date posted:

Wednesday, March 11, 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.

Similar jobs you might be interested in:

Pricing Analyst – Life Insurance
Location: Sandton
Salary:
Today

Pricing Analyst – Life Insurance
Location: Sandton
Salary:
6 days ago

Pricing Analyst (Life)
Location: Johannesburg
Salary:
Are you passionate about group risk pricing and supporting a highâperforming actuarial team? This exciting opportunity allows you to work closely with pricing experts, reinsurers, and underwriters while gaining exposure to a wide range of group life and risk product offerings.
9 days ago

Short-Term Actuarial Analyst (Pricing)
Location: Johannesburg
Salary:
Are you a nearly qualified actuary with strong technical depth across pricing, modelling, and advanced analytics? This opportunity is ideal for an actuarial professional who excels in building pricing models from first principles, applying modern machineâlearning techniques, and translating technical outputs into meaningful commercial insights.
Today

Senior Pricing Actuarial Analyst
Location: Johannesburg
Salary:
Are you a nearly qualified Actuary with strong technical depth across pricing, modelling, and advanced analytics? This opportunity is ideal for an actuarial professional who excels in building pricing models from first principles, applying modern machineâlearning techniques, and translating technical outputs into meaningful commercial insights.
5 days ago

ISP / Connectivity - Commercial I Pricing Analyst I Networks
Location: Johannesburg
Salary: 30 000
ISP / Connectivity - Network Commercial / pricing analystBased in JohannesburgOur client is a leading ISP/MSP and they are looking for a Network Business Unit Administrator to support the Product Management function across all connectivity and related network services. The role is responsible for pricing support, margin analysis, carrier coordination, renewals, reporting, and operational esc...
6 days ago

Senior Pricing Actuarial Analyst
Location: Johannesburg
Salary:
Are you a nearly qualified actuary with strong technical depth across pricing, modelling, and advanced analytics? This opportunity is ideal for an actuarial professional who excels in building pricing models from first principles, applying modern machineâlearning techniques, and translating technical outputs into meaningful commercial insights.
6 days ago

Pricing Analyst
Location: Johannesburg
Salary:
An exciting opportunity is available for a detailâoriented and analytical professional to support a life insurance pricing team with highâquality quotations, proposals, and renewals across various group risk products.
7 days ago

Pricing Analyst
Location: Johannesburg
Salary:
An exciting opportunity is available for a detailâoriented and analytical professional to support a life insurance pricing team with highâquality quotations, proposals, and renewals across various group risk products.
9 days ago

Pricing Analyst
Location: Johannesburg
Salary:
We are recruiting on behalf of our client for a detail-oriented and analytical pricing analyst to join a dynamic procurement and finance environment within a manufacturing and engineering-focused business.This role is suited to a commercially minded professional with strong data analysis capability and procurement pricing exposure. The successful candidate will play a key role in analysing, managi...
13 days ago