Gauteng: Pricing Actuary posted by Hire Resolve

January 15, 2026 Jobs in Gauteng

Job Description

Job Specification: Pricing Actuary

Position Overview:

We are seeking an experienced and highly analytical Pricing Actuary to join our dynamic team. The Pricing Actuary will be responsible for utilising actuarial principles and mathematical models to determine appropriate pricing structures for insurance products. The ideal candidate will possess strong mathematical and statistical skills, excellent attention to detail, and the ability to effectively communicate complex concepts to non-technical stakeholders.

Key Responsibilities:

Develop and maintain pricing models: Create and enhance actuarial pricing models to accurately determine the cost and profitability of insurance products. Incorporate relevant data, industry trends, and risk factors to ensure pricing structures are effective and competitive.
Conduct pricing analysis: Analyze historical and current data to assess the performance and profitability of existing insurance products. Identify areas for improvement and recommend pricing adjustments to maximize profitability while maintaining adequate risk coverage.
Collaborate with underwriting teams: Collaborate closely with underwriters and other stakeholders to understand market conditions, product objectives, and risk appetite. Incorporate underwriting guidelines and restrictions into pricing models to ensure alignment between pricing and risk management strategies.
Monitor market and industry trends: Stay up-to-date with market dynamics, competitor pricing strategies, and regulatory changes. Proactively identify emerging risks and opportunities and adjust pricing models accordingly to maintain competitiveness in the market.
Develop pricing strategies: Work closely with senior management to develop pricing strategies that align with overall business objectives. Provide recommendations on pricing changes, new product development, and entering new markets based on extensive analysis and understanding of the market landscape.
Assist in rate filing and compliance: Collaborate with regulatory teams to ensure pricing models and strategies comply with applicable laws and regulations. Provide necessary documentation and support for rate filings and respond to regulatory inquiries as needed.

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Qualifications:

Bachelor’s degree in Actuarial Science, Mathematics, Statistics, or related field. Advanced degree is a plus.
Qualified Actuary (FIA, FSA, FCAS, etc.) or significant progress towards attaining actuarial qualifications.
Minimum of 5 years of experience in pricing actuarial roles within the insurance industry.
Proficient in actuarial software and modeling tools (e.g., Excel, SAS, R, Python) and experience with pricing software is a plus.
Strong analytical and mathematical skills, with the ability to manipulate complex data sets and perform statistical analysis.
Excellent understanding of actuarial pricing principles, risk management, and insurance products.
Deep knowledge of insurance industry trends, including emerging risks and regulatory requirements.
Strong verbal and written communication skills, with the ability to present complex concepts to both technical and non-technical stakeholders.
Attention to detail and strong problem-solving abilities.
Ability to work both independently and collaboratively in a fast-paced environment.

About Analyst Jobs in Gauteng

The Analyst position is a highly sought-after role in the Gauteng region, typically found in various industries such as technology, finance, and healthcare. Generally, these roles involve working with data to inform business decisions, often requiring strong analytical and problem-solving skills. In Gauteng, where economic growth and urbanisation continue to drive demand for skilled professionals, career prospects for Analysts remain promising.

Typically, the salary range for an Analyst position in Gauteng falls within a broad spectrum of R400 000 to R800 000 per annum, depending on factors such as experience, company size, and industry sector. It’s essential to note that actual salaries may vary significantly due to differences in compensation packages, benefits, and other employment terms.

Common skills required for an Analyst role include proficiency in statistical analysis software (e.g., Excel, R, Python), data visualization tools (e.g., Tableau, Power BI), and programming languages (e.g., SQL, VBA). Other essential skills often include strong analytical and problem-solving abilities, attention to detail, and effective communication skills. Additionally, experience with database management systems, statistical modeling, and data mining techniques is highly valued in this field.

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Analysts can be found across various industry sectors, including financial services, technology industry, manufacturing sector, and healthcare. In these industries, Analysts are often responsible for driving business growth by providing actionable insights from complex data sets. Career development opportunities for Analysts are diverse, with many progressing to senior roles such as Senior Analyst, Business Analyst, or even leadership positions.

To advance in their careers, Analysts can leverage skills training and certification programs offered by industry associations and professional bodies. They can also explore specialisations within the field, such as data science or business analytics, to increase their value proposition to employers. With dedication and continuous learning, Analysts can enjoy rewarding career growth and advancement opportunities in Gauteng and beyond.

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

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