Johannesburg: Actuarial Pricing Specialist

February 22, 2026 Jobs in Central Johannesburg

Job Description

About the Role

We are seeking an experienced Actuarial Pricing Specialist to join our team in Johannesburg, responsible for developing and maintaining pricing frameworks for our product suite. The ideal candidate will have a strong technical background, excellent analytical skills, and the ability to communicate complex actuarial insights to both management and external stakeholders.

Key Responsibilities

Take accountability for all product development and pricing frameworks
Coordinate 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 adhere to audit and risk management requirements
Collaborate with external business support to define and develop pricing models and processes
Support clients in the design and development of bespoke products, focusing 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

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 in modelling, preferably in the insurance industry
Coding knowledge in SQL, Python, and R is advantageous
Knowledge of insurance products, contracts, and relevant industry legislations
Sound numerical skills and computer literacy, especially in MS Excel, MS Word, and SQL

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Qualifications

Formal education/certifications are not explicitly mentioned as required for this role.

How to Apply

Click the green “Go Apply” button below to apply directly online with the employer.

About Accounting / Finance Jobs in Gauteng

In Gauteng, South Africa, the accounting and finance industry is a significant sector, offering various career opportunities for professionals with the right skills and qualifications. Typically, this field is driven by the growth of multinational corporations and local businesses in industries such as technology, financial services, and manufacturing. As a result, job seekers can expect to find a diverse range of roles available, from entry-level positions to senior leadership roles.

When it comes to salary expectations, accounting and finance professionals in Gauteng can generally expect to earn salaries that fall within broad ranges. Typically, salaries for entry-level roles start around R400 000 – R600 000 per annum, while more senior roles can command salaries ranging from R1 million to over R3 million per annum, depending on factors such as experience, company size, and industry sector. However, it’s essential to note that these are broad ranges, and actual salaries may vary widely.

Common skills required for accounting and finance roles in Gauteng include strong technical knowledge of financial management principles, analytical and problem-solving skills, attention to detail, effective communication skills, and proficiency in financial software and systems. Additionally, many employers also value candidates with experience in budgeting, forecasting, and financial analysis. In some cases, a degree or diploma in accounting, finance, or a related field may be required.

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Industries that commonly employ accounting and finance professionals in Gauteng include the financial services sector, technology industry, manufacturing sector, and public sector entities. These sectors require skilled professionals to manage their finances, prepare budgets, and provide strategic guidance on financial matters. Job seekers can expect to find opportunities across these sectors, from small businesses to large multinational corporations.

For those interested in pursuing a career in accounting or finance, there are many development opportunities available. Typically, professionals in this field can progress to senior roles, such as financial manager or director of finance, after gaining relevant experience and developing their skills. Additionally, many employers offer training programs and mentorship opportunities to support the career development of their employees.

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

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