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 insurance products. The ideal candidate will have a strong technical background in actuarial science, excellent analytical skills, and the ability to communicate complex insights to both technical and non-technical 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
- 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, especially in the use of MS Excel, MS Word, and SQL
Qualifications
(No qualifications mentioned in original job description)
Salary & Benefits
(No salary or benefits information mentioned in original job description)
How to Apply
Click the green “Go Apply” button below to apply directly online with the employer.
About IT / Computing / Software Jobs in Gauteng
In Gauteng, the IT and computing industry is a significant contributor to the province’s economy, with a steady demand for skilled professionals. Typically, this field is characterized by rapid technological advancements, innovative projects, and a high level of job satisfaction among employees. Generally, career prospects in this sector are strong, with a range of opportunities available across various industries.
Salaries for IT and computing professionals in Gauteng can vary widely depending on factors such as experience, company size, and industry sector. While it is common to see salaries ranging from R400 000 to R1,200 000 per annum, these figures are only a general guideline and actual salaries may differ significantly. For instance, senior executives or technical leads with extensive experience may command higher salaries, while entry-level positions may start at lower levels.
Common skills required for IT and computing roles in Gauteng include proficiency in programming languages such as Java, Python, or C++, knowledge of cloud platforms like AWS or Azure, and experience with agile development methodologies. Additionally, understanding of data analysis and interpretation, cybersecurity principles, and IT project management are often essential. Familiarity with popular software applications, such as Microsoft Office 365 or Google Workspace, is also beneficial.
The financial services sector, technology industry, manufacturing sector, and government departments are among the common industries that employ IT and computing professionals in Gauteng. These sectors require a range of skills and expertise, from data analysis to network administration, making them attractive options for career development.
For those seeking a career in IT and computing, there are numerous opportunities for professional growth and development. Typically, career progression involves moving into senior roles or specialized positions, such as technical lead, solutions architect, or data scientist. Opportunities for further education and training, such as certifications or postgraduate studies, can also enhance job prospects. Generally, a strong understanding of industry trends, networking, and continuous learning are essential for success in this field.
This information provides general career guidance. Actual salaries and requirements vary by employer.
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