Pricing Actuary

3 days ago

City of Johannesburg Rural Gauteng, South Africa Hire Resolve Full time R90 000 - R120 000 per year
Job Specification: Pricing Actuary

Position Overview:

We are seeking an experienced and highly analytical Pricing Actuary to join our dynamic team. The Pricing Actuary will be responsible for utilising actuarial principles and mathematical models to determine appropriate pricing structures for insurance products. The ideal candidate will possess strong mathematical and statistical skills, excellent attention to detail, and the ability to effectively communicate complex concepts to non-technical stakeholders.

Key Responsibilities:
  • Develop and maintain pricing models: Create and enhance actuarial pricing models to accurately determine the cost and profitability of insurance products. Incorporate relevant data, industry trends, and risk factors to ensure pricing structures are effective and competitive.
  • Conduct pricing analysis: Analyze historical and current data to assess the performance and profitability of existing insurance products. Identify areas for improvement and recommend pricing adjustments to maximize profitability while maintaining adequate risk coverage.
  • Collaborate with underwriting teams: Collaborate closely with underwriters and other stakeholders to understand market conditions, product objectives, and risk appetite. Incorporate underwriting guidelines and restrictions into pricing models to ensure alignment between pricing and risk management strategies.
  • Monitor market and industry trends: Stay up-to-date with market dynamics, competitor pricing strategies, and regulatory changes. Proactively identify emerging risks and opportunities and adjust pricing models accordingly to maintain competitiveness in the market.
  • Develop pricing strategies: Work closely with senior management to develop pricing strategies that align with overall business objectives. Provide recommendations on pricing changes, new product development, and entering new markets based on extensive analysis and understanding of the market landscape.
  • Assist in rate filing and compliance: Collaborate with regulatory teams to ensure pricing models and strategies comply with applicable laws and regulations. Provide necessary documentation and support for rate filings and respond to regulatory inquiries as needed.
Qualifications:
  • Bachelor's degree in Actuarial Science, Mathematics, Statistics, or related field. Advanced degree is a plus.
  • Qualified Actuary (FIA, FSA, FCAS, etc.) or significant progress towards attaining actuarial qualifications.
  • Minimum of 5 years of experience in pricing actuarial roles within the insurance industry.
  • Proficient in actuarial software and modeling tools (e.g., Excel, SAS, R, Python) and experience with pricing software is a plus.
  • Strong analytical and mathematical skills, with the ability to manipulate complex data sets and perform statistical analysis.
  • Excellent understanding of actuarial pricing principles, risk management, and insurance products.
  • Deep knowledge of insurance industry trends, including emerging risks and regulatory requirements.
  • Strong verbal and written communication skills, with the ability to present complex concepts to both technical and non-technical stakeholders.
  • Attention to detail and strong problem-solving abilities.
  • Ability to work both independently and collaboratively in a fast-paced environment.

  • Pricing Actuarial Specialist

    4 days ago

    Johannesburg, South Africa Business Capital Group Full time

    **Purpose of the role**: As the Pricing Specialist, you will be reporting into the RML: Head of Actuarial. You will be responsible for the development and maintenance of life pricing models and providing actuarial support and insights to the Life business. **What you will do?** - Actuarial business support - Price new Group and Individual life products -...

  • Actuarial Pricing Analyst

    1 week ago

    Johannesburg, South Africa Mass Staffing Projects Full time

    **Job Information** - Location- Johannesburg- Salary- R650k - R600k- Job Type- Permanent- Education- Bachelor in Actuarial Science, 6 CTs- Experience- 2 years- Reference- AP240621SW- - finance.jobs(at)staffingprojects.co.za- Fax- 0865728847Job Title: Actuarial Pricing Analyst Location: Johannesburg **Salary**: R650k - R600k **Job Description**: A well...

  • Pricing Actuary

    4 days ago

    Johannesburg, Gauteng, South Africa Hire Resolve Full time R500 000 - R1 500 000 per year

    Description Hire Resolve is currently looking for a talented Pricing Actuary to join our client's team in Sandton. As a Pricing Actuary, you will play a key role in developing and implementing pricing models and strategies to ensure accurate and competitive insurance premiums. You will collaborate with underwriters, data scientists, and other stakeholders to...

  • Life Pricing Actuary

    2 weeks ago

    Johannesburg, South Africa Network Finance. Full time

    Reference: NFP -ASl-1 This position provides Actuaries the opportunity to add value to new prices and product development in one of the top Insurance companies. Duties & Responsibilities Job & Company Description : This is one of the big Insurance companies in South Africa which provides Financial Services to customers on a personal and business level. The...

  • Life Pricing Actuary

    5 days ago

    Johannesburg, South Africa Network Finance. Full time

    Reference: NFP -ASl-1 This position provides Actuaries the opportunity to add value to new prices and product development in one of the top Insurance companies. Duties & Responsibilities Job & Company Description: This is one of the big Insurance companies in South Africa which provides Financial Services to customers on a personal and business level. The...

  • Actuarial Pricing Specialist

    1 week ago

    Johannesburg, South Africa Innovation Group Ltd. Full time

    If you are a strategic thinker with a passion for actuarial science and a drive to make a significant impact, join our team as an Actuarial Pricing Specialist! In this role, you will develop and maintain pricing models, analyze product pricing and profitability, plan and manage product concept projects, and leverage data and market insights to inform...

  • Actuarial Specialist

    2 weeks ago

    Johannesburg, South Africa Rand Mutual Assurance Full time

    **THE JOB AT A GLANCE** Reporting into the Actuarial Manager - Product and Pricing, the incumbent will be responsible for the development and maintenance of life pricing models and providing actuarial support and insights to the Life business. An integral part of the role will also be supporting business with insights and producing reports for the executive...

  • Actuarial Pricing Manager

    1 week ago

    Johannesburg, South Africa Sanlam Full time

    Who we are Safrican is a respected life insurer with a footprint in South Africa and a subsidiary in Eswatini. Safrican has over 2 million principle lives covered and more than 7 million lives assured, The Company has grown from strength to strength since 2004. Job Purpose This role focuses on managing the Quotations and Renewals function of the Actuarial...

  • Actuarial Pricing Specialist

    1 week ago

    Johannesburg, South Africa FirstRand Full time

    Job Description Hello Future Actuarial Pricing Specialist Welcome to FNB, the home of the #changeables. We design for the shapeshifters and deliver products and services that make us incredibly proud of people that make it happen. As part of our team in FNB Wealth and Investments, you will be surrounded by unique talents, diverse minds, and an adaptable...

  • Actuarial Pricing Analyst

    5 days ago

    Johannesburg, South Africa Paton Personnel Full time

    Are you a Product/Pricing actuarial specialist? Looking to join a blue-chip brand? Youll play a key role in shaping life, health, and simple short-term insurance offerings while driving product innovation and strategy. To qualify, youll need a 3-year Actuarial Science degree, be TASSA-qualified (or equivalent), and have at least 3 years of experience in...