Cape Town: Actuary (Insurance) posted by Hire Resolve
Posted on 2025-05-01 00:00:00
| Employer | Hire Resolve |
|---|---|
| Category | Other Finance/Accounting |
| Location | Western Cape / Cape Town |
Job Summary
Responsibilities
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Develop and maintain actuarial pricing models for new and existing insurance products across Life, Health, or General Insurance lines
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Conduct experience investigations and data analysis to inform pricing assumptions and strategy
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Collaborate with product development teams to design and price innovative, customer-focused insurance solutions
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Perform competitor benchmarking and market analysis to support strategic pricing decisions
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Assess the impact of regulatory changes (e.g., IFRS 17, SAM) on pricing models and product profitability
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Support the implementation of pricing recommendations in operational systems and ensure accuracy in rate deployment
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Prepare actuarial reports, documentation, and justifications for pricing decisions in line with governance requirements
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Liaise with underwriting, sales, and distribution teams to align product pricing with business objectives
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Monitor actual versus expected performance and adjust pricing models or assumptions as needed
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Assist in building pricing capabilities using advanced analytics and automation where appropriate
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Participate in internal pricing committees and contribute actuarial insights to cross-functional discussions
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Ensure pricing practices are aligned with Treating Customers Fairly (TCF) principles and risk appetite frameworks
Requirements
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Fellowship of the Actuarial Society of South Africa (FASSA) or an equivalent internationally recognized qualification with local validation if required
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Completion of the full ASSA examination pathway, including Core and Specialist exams relevant to pricing (e.g. F102 Life Insurance, F103 General Insurance)
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Minimum of 35 years of post-qualification actuarial experience, with a strong focus on product pricing and rate development in insurance or reinsurance
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Proven ability to build and calibrate pricing models and tools aligned with business and regulatory objectives
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Strong understanding of South African insurance regulations and frameworks relevant to pricing, including Treating Customers Fairly (TCF), SAM, and IFRS 17
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Familiarity with data analytics techniques to support segmentation, experience analysis, and assumption setting
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Proficiency in actuarial and modelling tools such as Excel/VBA, R, Python, SQL, or Prophet (depending on line of business)
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Ability to translate technical model outputs into actionable insights for underwriting, finance, and product teams
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Strong commercial awareness and ability to contribute to competitive pricing strategies
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Excellent communication skills to engage effectively with internal stakeholders and regulatory bodies where needed
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High attention to detail and the ability to manage multiple pricing initiatives concurrently
Benefits
Market-related salary
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Contact Hire Resolve for your next career-changing move today
- Apply for this role today, contact Gustav Vogel at Hire Resolve or on LinkedIn
- You can also visit the Hire Resolve website: hireresolve.us or email us your CV: *****@*****.co.za
- Please use “Actuary(Insurance)” as your subject line when applying via email
We will contact you telephonically in 3 days should you be suitable for this vacancy. If you are not suitable, we will put your CV on file and contact you regarding any future vacancies that arise
Click Go Apply to apply online!
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