Sandton: Senior Pricing Specialist – Short-Term Insurance posted by Omega HR Solutions

I am recruiting on behalf of a leading short-term insurer for a Senior Pricing Specialist to take ownership of commercial pricing strategy, model governance, and product profitability. This is a senior technical role with people leadership and strong business influence.

Role Overview

You will lead pricing and product development for commercial lines short-term insurance, ensuring pricing sophistication, profitability, governance, and alignment with growth objectives.

Key Responsibilities

• Lead and supervise actuarial and pricing resources.

• 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.

• Work with large datasets to extract commercial value.

Requirements

• Bachelors 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.

• 58 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.

• Strong business acumen, stakeholder focus, and delivery mindset.