Job Description
About the Role
Network Finance is seeking an Actuarial Specialist – Short-Term Pricing to join their team in Johannesburg North. The successful candidate will develop technically sound and commercially competitive pricing frameworks, support product development, and provide actuarial analysis to drive 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
- Strong understanding of insurance products, contracts, and industry legislation
- Experience reviewing and validating actuarial work
- Exposure to data extraction and large datasets advantageous
- Ability to analyse complex data and provide clear, actionable insights
- Excellent communication skills with both technical and non-technical stakeholders
Qualifications
Actuarial degree or Bachelor’s degree with Mathematics or Statistics as majors. Nearly / Newly Qualified Actuary (AMASSA) preferred.
Salary & Benefits
Salary information not specified in the original job description.
How to Apply
Click the green “Go Apply” button below to apply directly online with the employer.
About Other IT/Computer Jobs in Gauteng
The IT and computer industry is one of the most dynamic and growing sectors in Gauteng, with a thriving job market that offers a wide range of opportunities for career advancement.
In terms of salary ranges, IT professionals in Gauteng can expect to earn anywhere from R800 000 per annum for junior positions to over R2 million for senior executives. The average salary for software engineers is around R1.5 million, while data analysts can earn between R900 000 and R1.2 million. With experience and skills, IT professionals in Gauteng can expect significant salary increases, with some roles offering bonuses and benefits that can increase their overall remuneration.
To succeed in the IT industry in Gauteng, candidates need to possess a range of key skills, including programming languages such as Java, Python, and C++, as well as experience with databases, cloud computing, and cybersecurity. Strong problem-solving skills, attention to detail, and excellent communication skills are also essential for success in this field. Additionally, knowledge of ITIL (Information Technology Infrastructure Library) and Agile methodologies can be highly valued by employers.
Several major companies and industries in Gauteng are currently hiring IT professionals, including technology firms such as Microsoft, IBM, and Oracle, as well as banks and financial institutions like Standard Bank and Nedbank. The finance industry is also a significant employer of IT staff, with roles ranging from software development to data analytics and cybersecurity.
Career growth opportunities are abundant in the IT industry in Gauteng, with many companies investing heavily in employee training and development programs. With experience and skills, IT professionals can move into senior leadership positions or start their own businesses, while also pursuing further education and certifications. The Johannesburg Stock Exchange (JSE) is also a significant employer of IT staff, with roles ranging from software development to data analytics and cybersecurity.
Overall, the IT industry in Gauteng offers a wide range of exciting career opportunities for job seekers with the right skills and experience. With salaries that are competitive with those offered by major companies globally, there has never been a better time to pursue a career in this dynamic and rapidly evolving field.
This information provides general career guidance. Actual salaries and requirements vary by employer.
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