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Sandton: Senior Pricing Specialist – Short-Term Insurance

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Job Description

About the Role

We are seeking an experienced Senior Pricing Specialist to lead pricing and product development for commercial lines short-term insurance, ensuring pricing sophistication, profitability, governance, and alignment with growth objectives. As a key member of our team, you will drive business results through data-driven insights and strong analytical skills.

Key Responsibilities

  • Lead pricing and product development for commercial lines short-term insurance
  • Translate complex actuarial outcomes into clear, business-facing insights
  • Develop, maintain, and enhance market-leading STI pricing models
  • Identify and implement data and rating factor enhancements
  • Own pricing model performance, monitoring results against experience and correcting weaknesses
  • Design and implement pricing strategies for new and existing products
  • Support innovation in product development while maintaining existing portfolios
  • Ensure robust governance across pricing development and deployment
  • Provide analytical and pricing advice to stakeholders using data-driven insights

Requirements

  • Bachelor’s Degree in Actuarial Science, Statistics, Business Sciences, or Business Mathematics
  • Qualified Actuary (FIA, FFA, or FASSA) highly advantageous
  • Minimum 8 years’ experience in actuarial modelling, pricing, and product development within short-term insurance
  • 5–8 years’ management or supervisory experience desirable
  • Strong experience in commercial lines pricing
  • Advanced Excel capability
  • Proficiency in SQL, SAS, R, Python, and pricing platforms such as Earnix, AKUR8, Willis Towers Watson
  • Experience with VB scripting and large-scale data mining

Qualifications

  • Qualified Actuary (FIA, FFA, or FASSA) is a strong advantage but not required for non-qualified actuaries
  • Relevant Bachelor’s Degree in Actuarial Science, Statistics, Business Sciences, or Business Mathematics

About Accounting / Finance Jobs in North Johannesburg

North Johannesburg is home to a thriving financial services sector, with many multinational companies having operations in the region. Typically, the accounting and finance industry in this area experiences steady demand for skilled professionals, driven by the growth of the economy and the need for organisations to maintain accurate financial records and make informed business decisions.

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When it comes to salaries, typically the range for accounting and finance positions in North Johannesburg is quite broad, with experience, company size, and industry sector all playing a significant role in determining actual salaries. Generally, junior positions in this field can expect salary ranges of around R400 000 to R600 000 per annum, while senior roles can command salaries upwards of R1 million. However, it’s essential to note that these are broad estimates, and actual salaries may vary significantly depending on individual circumstances.

Common skills required for accounting and finance positions in North Johannesburg include proficiency in financial software, such as SAP or Excel, as well as a solid understanding of financial principles and regulations. Typically, candidates with a degree in accounting or finance, as well as relevant work experience, are best positioned to secure these roles. Other key skills include attention to detail, analytical thinking, and effective communication.

The financial services sector is one of the most significant industries that commonly employs accountants and finance professionals in North Johannesburg. Other sectors that often require these skills include technology, manufacturing, and retail. Typically, organisations in these industries need accounting and finance staff to manage their financial transactions, prepare financial statements, and provide insights to inform business decisions.

For those interested in pursuing a career in accounting or finance, there are many opportunities for development and advancement. Typically, junior roles can provide valuable experience and training, which can be used as a springboard for more senior positions within the organisation. External training programs, such as certifications offered by the South African Institute of Chartered Accountants (SAICA), can also enhance career prospects. With dedication and hard work, it’s generally possible to progress to leadership roles or transition into related fields, such as business analysis or financial planning.

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



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