Senior Actuarial Specialist: Product Development & Pricing (Life Insurance)

SUMMARY:
Are you passionate about building insurance products that customers actually want to buy? An exciting opportunity exists for a commercially minded Life Actuary making strong progress towards FASSA to join a business where product innovation, pricing strategy, and profitability sit at the heart of decision-making. If you enjoy influencing business outcomes and shaping products from concept to market, then this role is for you.


Join a leading player in the life insurance sector that believes actuarial professionals should do more than just crunch numbers. This role offers the opportunity to work at the intersection of product development, pricing, profitability management, and business strategy, allowing you to have a direct impact on product success and customer value.
You will be responsible for helping develop and enhance life insurance and savings products, ensuring they remain competitive, commercially viable, and aligned with market demands. Working closely with stakeholders across product, distribution, marketing, finance, risk, and executive leadership, you will play a critical role in shaping future product offerings and growth strategies.
This is an ideal opportunity for an actuarial professional who enjoys combining technical expertise with commercial thinking and wants exposure to strategic decision-making within a high-performing environment.

If you're looking for a role where your actuarial expertise influences product innovation, pricing decisions, and profitability outcomes, this is the opportunity to elevate your career.

POSITION INFO:
Key Responsibilities: Lead and support the development and enhancement of life insurance and savings products. Perform pricing reviews, profitability analyses, and experience investigations. Conduct market research and competitor analysis to identify product opportunities. Develop and maintain actuarial pricing models and profitability frameworks. Prepare business cases and recommendations for product launches and enhancements. Partner with cross-functional teams to drive product strategy and implementation. Present actuarial insights and recommendations to senior stakeholders and governance committees. Job Experience and Skills Required: Education: BSc Degree in Actuarial Science, Actuarial & Financial Mathematics, Mathematics, Statistics, or a related quantitative discipline. Honours Degree advantageous. Progress towards FASSA is essential. Experience: 5+ years' actuarial experience within the Life Insurance industry. Proven experience in Product Development, Product Pricing, and Profitability Analysis. Strong exposure to life insurance and\/or savings products. Experience conducting competitor analysis, business case development, and product performance monitoring. Exposure to stakeholder engagement and product governance processes. Skills: Advanced Excel and VBA. Experience with Prophet advantageous. Strong proficiency in SQL, SAS, Python, or R. Strong actuarial modelling and financial analysis skills. Excellent presentation and communication skills. Non-Negotiables: Life Insurance experience is essential. Strong focus on product development, pricing, and profitability management. Progress towards FASSA. Commercial mindset with the ability to balance customer value and business profitability. Strong stakeholder engagement and relationship management capability. Apply now! For more exciting Finance vacancies, please visit: \/>I also specialise in recruiting in the following: Actuarial Analyst Quantitative Analyst Risk Management If you have not had any response in two weeks, please consider the vacancy application unsuccessful. Your profile will be kept on our database for any other suitable roles \/ positions. For more information, contact: Heidi Joubert Specialist Recruitment Consultant Connect with me on LinkedIn!