Pricing Actuary

Salary: R1 million CTC per annum

Are you an experienced Non-Life Actuary with a strong background in pricing and modelling? Are you looking for an opportunity to combine technical actuarial expertise with product development, client solutions, and strategic decision-making?

A leading financial services organization is seeking a Pricing Actuary (Non-Life) to join a specialist actuarial team dedicated to supporting innovative insurance and risk solutions.

The Opportunity

You will play a senior technical role across pricing, product development, and insurance structuring, providing critical actuarial insights that support both existing portfolios and new business opportunities.

Working closely with actuaries, data specialists, management, and clients, you will help develop commercially viable solutions while ensuring technical soundness, long-term profitability, and robust risk management.

Key Responsibilities

• Take ownership of pricing frameworks, product development, and structuring initiatives.
• Lead rate reviews and re-pricing exercises across existing product portfolios.
• Assess and review new product opportunities to ensure they are commercially viable and appropriately structured.
• Review actuarial work and provide technical mentorship to junior team members.
• Partner with internal stakeholders to structure new deals and develop appropriate underwriting and capital solutions.
• Investigate and explain pricing or performance variances, recommending effective corrective actions.
• Ensure all projects meet relevant risk, governance, and audit requirements.
• Collaborate with technical and external partners to enhance pricing models and processes.
• Support the development of bespoke insurance products, balancing innovation, profitability, and sustainability.
• Monitor product performance and profitability through comprehensive financial and actuarial reporting.
• Provide senior technical advice to management and external stakeholders.
• Translate complex actuarial analyses into clear, commercially relevant recommendations.

What We Are Looking For

• Degree in Actuarial Science, Mathematics, Statistics, or a related quantitative discipline.
• Qualified Associate Actuary or strong, demonstrable progress towards Fellowship.
• Successful completion of F103 – General Insurance Principles or an equivalent short-term insurance qualification.
• 5+ years of relevant actuarial experience.
• Strong, practical Non-Life pricing experience.
• Proven expertise in actuarial modelling.
• Thorough understanding of insurance products, contracts, and relevant legislation.
• Exposure to the Solvency Assessment and Management (SAM) capital regime.
• Advanced Excel and strong analytical capabilities.
• Coding experience in SQL, Python, and/or R is highly advantageous.

You Will Stand Out If You Have

• Strong technical and analytical actuarial expertise.
• Commercial awareness and a results-driven mindset.
• Excellent problem-solving and data interpretation skills.
• The confidence to challenge assumptions and identify strategic opportunities.
• Superior communication skills, with the ability to explain complex technical concepts to non-technical stakeholders.
• Experience working directly with clients and senior executives.
• A naturally curious and innovative approach to problem-solving.
• The ability to work independently while collaborating effectively across multidisciplinary teams.

This is an exceptional opportunity for a Non-Life Pricing Actuary who wants to move beyond traditional technical confines and make a genuine impact on product strategy, client solutions, and commercial outcomes.