Gauteng: Actuarial Pricing Specialist posted by Psybergate

What you will be doing:

• Take accountability for product development and pricing frameworks across the General Insurance portfolio.
• Lead rate reviews and re-pricing exercises to ensure technical soundness and market competitiveness.
• Coordinate with IT, underwriting, claims teams, and product owners to develop a holistic understanding of products and processes.
• Oversee the assessment and approval of new product offerings, ensuring commercial viability and regulatory compliance.
• Provide technical pricing support for new and existing business within the General Insurance segment.
• Review and ensure accuracy of actuarial work completed by team members.
• Provide guidance and mentorship to junior actuarial analysts.
• Improve tools and processes used to monitor policy values and pricing accuracy.
• Investigate deviations, quantify impacts, and recommend corrective actions.
• Ensure projects adhere to audit, governance, and risk management requirements.
• Support bespoke client product design with a focus on innovation, profitability, and sustainability.
• Monitor and report on financial performance, including product profitability.
• Act as a senior technical advisor, translating actuarial insights into actionable business decisions.

What we are looking for:

• Actuarial degree or bachelor’s degree with Mathematics or Statistics as majors.
• Associate Actuary qualification or strong progress toward Associate level exams.
• Minimum of 5 years’ relevant actuarial experience, preferably within General Insurance.
• Strong pricing and product development experience.
• Proven modelling experience.
• Coding skills in SQL, with Python and R advantageous.
• Solid knowledge of insurance products, contracts, and relevant industry legislation.
• Strong numerical ability and advanced proficiency in MS Excel, MS Word, and SQL.
• Experience with data extraction and analysis is advantageous.
• Excellent analytical, communication, and stakeholder engagement skills.
• Self-driven, results-oriented, and able to work independently under pressure.
• Innovative mindset with strong problem-solving capability.