Johannesburg North: Actuarial Specialist – Short-Term Pricing posted by Network Finance

About the Role

Network Finance is seeking an experienced Actuarial Specialist to join our team in Johannesburg North. As a key member of our pricing and product development framework, you will be responsible for leading pricing initiatives, reviewing and approving new product proposals, and providing technical guidance to junior actuarial analysts. You will work closely with underwriting, claims, IT, and product teams to build a comprehensive understanding of products and operational processes.

Key Responsibilities

• Take ownership of pricing methodologies and product development frameworks
• Lead pricing and repricing initiatives to ensure both technical integrity and market competitiveness
• Work closely with underwriting, claims, IT, and product teams to build a comprehensive understanding of products and operational processes
• Review and approve new product proposals, ensuring commercial viability and regulatory compliance
• Validate and review actuarial outputs produced by team members to maintain quality and accuracy
• Provide technical guidance and mentorship to junior actuarial analysts
• Enhance tools and monitoring processes to ensure ongoing pricing and policy value accuracy
• Investigate pricing variances, quantify financial impact, and recommend corrective actions
• Ensure adherence to audit standards, governance frameworks, and risk management requirements
• Collaborate with external partners on pricing models and optimisation initiatives
• Support the design and delivery of bespoke insurance solutions tailored to client needs
• Monitor and report on product performance and profitability in line with actuarial best practice
• Act as a senior actuarial advisor to management and external stakeholders

Job Experience and Skills Required

### Education:

• Actuarial degree, or a Bachelor’s degree with Mathematics or Statistics as majors
• Nearly or Newly Qualified Actuary (AMASSA)

### Experience:

• Minimum of 5 years’ relevant actuarial experience within insurance or financial services
• Associate Actuary status or strong progress toward Associate-level examinations
• Demonstrated experience in pricing, product development, and/or actuarial modelling
• Strong understanding of insurance products, policy wording, and regulatory frameworks
• Proven experience reviewing and validating actuarial work
• Exposure to large datasets and data extraction advantageous

Skills:

• Strong actuarial, analytical, and statistical modelling capability
• Advanced Excel and strong numerical skills (essential)
• SQL experience advantageous
• Exposure to Python and/or R beneficial
• Ability to translate complex analysis into clear, actionable business insight
• Confident communicator across both technical and nontechnical audiences