Johannesburg: Actuarial Specialist – Short-Term Pricing

April 15, 2026 Jobs in Central Johannesburg

Job Description

About the Role

We are seeking an experienced Actuarial Specialist to join our team in Johannesburg, where you will play a critical role in developing technically sound and commercially competitive pricing frameworks for our insurance products. As a key member of our actuarial team, you will work closely with underwriting, claims, IT, and product teams to provide actuarial support, drive product profitability, and translate actuarial analysis into clear, actionable business insights.

Key Responsibilities

Take accountability for pricing methodologies and product development frameworks
Lead pricing reviews and re-pricing exercises to ensure technical soundness and market competitiveness
Coordinate with underwriting, claims, IT, and product teams to develop a holistic understanding of products and processes
Assess and approve new product offerings, ensuring commercial viability and regulatory compliance
Review and ensure the accuracy of actuarial work produced by team members
Provide guidance and mentorship to junior actuarial analysts
Enhance tools and processes to monitor policy value accuracy
Investigate pricing deviations, quantify impacts, and recommend corrective actions
Ensure projects adhere to audit, governance, and risk management requirements
Collaborate with external business partners on pricing models and processes
Support the design and development of bespoke insurance solutions for clients
Monitor and report on product profitability in line with actuarial best practice
Act as a senior technical advisor to management and external stakeholders

Requirements

Education: Actuarial degree or Bachelor’s degree with Mathematics or Statistics as majors
Nearly / Newly Qualified Actuary (AMASSA) experience is an advantage
Proven experience in pricing, product development, or actuarial modelling is required
Strong understanding of insurance products, contracts, and industry legislation is necessary
Experience reviewing and validating actuarial work is advantageous

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Qualifications

Formal education/certifications are not specified as a requirement for this role.

Salary & Benefits

The salary range for this position is not provided in the original job description.

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.

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.

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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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