Senior Actuarial Pricing Specialist - Short Term Insurance

Recruiter:

Micah Govender Developments

Job Ref:

MGD043

Date posted:

Monday, November 24, 2025

Location:

Centurion, South Africa

Salary:

Salary - R1,200,000.00 CTC / Annum

SUMMARY:
Short Term Insurance - Personal and Commercial lines

POSITION INFO:

Role Purpose

The purpose of this role is to price and manage the risk in respect of new and existing business to ensure profitability and sustainability. The area is a high-pressure environment, and the suitable candidate needs to be able to produce high quality work while ensuring that tight deadlines are met.

Responsibilities and work outputs

Maintain, develop, and implement market leading Short-Term Insurance pricing models.
Explore and identify data and rating enhancements to inform pricing models.
Ownership of model performance against actual experience and acting on model weaknesses.
Developing and implementing pricing strategies for new and existing business to achieve growth and profit objectives.
Support the development of new and innovative products.
Drive, implement and maintain proper governance on pricing developed/deployed.
Support/advise the business using data and analytics.

Competencies required

Passion for Short-Term Insurance (STI) and pricing STI products.
Taking initiative to identify areas for improvement and act on it.
Being creative and finding innovative solutions.
Making practical and financially sound decisions.
Ability to take ownership of deliverables and drive them to completion with minimum supervision.
Ability to perform under pressure and effective management of time to ensure project timelines are met.
Ability to manage multiple tasks concurrently.
Meticulous attentiveness to detail and accuracy.
Good communication skills – written and verbal.

Experience and Qualifications

Bachelor’s degree in Actuarial Sciences
Qualified actuary
5 years or more of Actuarial modelling and pricing experience within the Short-Term Insurance industry.
Experience with software packages like SQL, SAS, R, Python, Willis Towers Watson, Earnix and AKUR8

Experience with programming and mining large datasets for commercial value.

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