Gauteng: Actuarial Pricing Specialist posted by MECS Africa

February 11, 2026 Jobs in Gauteng

MECS Africa

Gauteng

Finance/Accounting Management

Job Description

Duties and Responsibilities

Take accountability for all product development and pricing frameworks.
Coordination with IT, underwriters, claims teams and product owners to develop holistic understandings of various products and processes within the space.
Lead rate reviews and re-pricing exercises for the existing product suite to maintain technical soundness and market competitiveness.
Oversee the assessment and approval of new product offerings, ensuring they are commercially viable and compliant.
Review and ensure the accuracy of fellow team members’ work and provide guidance to junior actuarial analysts.
Improve tools and processes that monitor the accuracy of policy values.
Investigate, quantify and explain any deviations and advise on corrective measures.
Ensure that all projects to be implemented adhere to audit and risk management requirements.
Collaboration with external business support to define and develop the pricing models and processes.
Support clients in the design and development of bespoke products, with a focus on innovation, profitability, and sustainability.
Manage financial performance reporting, including monitoring product profitability and adherence to best practice actuarial standards.
Act as a senior technical advisor to both management and external stakeholders, translating complex actuarial insights into actionable business decisions.

Requirements

An Actuarial or bachelor’s degree with mathematics or statistics as majors.
Associate Actuary or making good progress with Associate level exams.
5 years’ relevant work experience.
Modelling experience.
Coding knowledge in SQL, Python and R advantageous.
Knowledge of insurance products, contracts and relevant industry legislations.
Sound numerical skills and computer literacy is essential especially in the use of MS Excel, MS Word and
SQL.
Skills / Experience in extraction would be advantageous

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Competencies

Ability to examine and interpret data and provide insights, strong technical expertise.
Achievement orientation.
Effectively manage time and ensure optimal productivity. Excellent analytical and communication skills.
Results and solution focused.
High degree of self-motivation and the ability to work independent of supervision.
Naturally inquisitive mind set, with a strong innovative tendency.
Self Confidence.
Flexibility to cope with pressure and setbacks.
Delivering results and meeting expectations.

How to Apply

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About Finance/Accounting Management Jobs in Gauteng

In Gauteng, South Africa, the finance and accounting management field is a significant contributor to the province’s economy, with various industries relying on skilled professionals to manage their financial operations. Typically, this field offers stable employment opportunities with good prospects for career advancement. Generally, the demand for finance and accounting managers remains high across multiple sectors.

Salary expectations for finance and accounting management positions in Gauteng are generally broad and can vary widely depending on factors such as experience, company size, and industry sector. Broadly speaking, salaries typically range from R400 000 to R1 500 000 per annum, with senior roles often commanding higher remuneration packages. However, these figures are subject to change and may not reflect actual salaries for specific job openings.

Common skills required for finance and accounting management positions include proficiency in financial software, strong analytical and problem-solving abilities, excellent communication and leadership skills, experience with financial reporting and regulatory compliance, knowledge of financial management principles and practices, and a solid understanding of taxation laws. Typically, candidates with a degree in finance, accounting, or business administration are well-suited for these roles.

Finance and accounting managers can be found across various industry sectors, including the financial services sector, technology industry, manufacturing sector, and more. The financial services sector, for example, often employs finance and accounting professionals to manage its operational finances, while the technology industry may require them to oversee the financial aspects of software development or IT projects.

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Career progression opportunities in this field are generally good, with experienced finance and accounting managers often moving into senior roles such as department head or director of finance. Many companies also offer training and development programs to help employees acquire new skills and advance their careers.

This information provides general career guidance. Actual salaries and requirements vary by employer.

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