Actuarial Pricing Analyst

The Talent Room; George; On-site; ZAR 600 000 - 800 000; Full time

Job summary

A leading recruitment agency in South Africa is seeking an Actuarial Pricing Analyst responsible for developing pricing models for non-life insurance products. The ideal candidate should have an actuarial degree, completed foundational exams, and possess over 5 years of experience focusing on pricing strategies. Strong technical and analytical skills are required, along with excellent communication abilities to present insights effectively. Join a dynamic team and impact strategic pricing decisions in the insurance sector.

Qualifications

• Actuarial degree required.
• Completion of Part A1, A2, and A3 exam series is necessary.
• 5+ years actuarial experience focused on non-life insurance pricing.

Responsibilities

• Develop and maintain pricing models using actuarial software.
• Conduct profitability and performance analyses.
• Recommend practical pricing strategies.
• Review personal lines insurance product designs.
• Monitor claims trends for pricing strategy.
• Provide pricing insights for management.

Skills

Actuarial skills

Analytical skills

Problem-solving

Communication skills

Education

Actuarial degree

Tools

Actuarial software

Analytical software

Job description

The Actuarial Pricing Analyst will be responsible for developing and maintaining pricing models for non-life insurance products, analysing profitability and claims experience, and supporting strategic pricing decisions. The role requires strong technical actuarial skills, commercial insight, and the ability to translate data into meaningful business recommendations.

Responsibilities:

• Develop, maintain, and enhance pricing models using actuarial software to improve pricing accuracy.
• Conduct detailed profitability and performance analyses across key business verticals.
• Develop and recommend practical and sustainable pricing strategies.
• Review and evaluate personal lines insurance product designs.
• Monitor claims trends and perform experience analyses to support business and pricing strategy.
• Provide pricing insights and recommendations to support management decision-making.

Requirements:

• Actuarial degree.
• Completion of Part A1 (Foundational Technical), A2 (Intermediate Technical), and Part A3 (Actuarial Risk Management) exam series.
• 5+ years actuarial experience in non-life insurance, with a strong focus on pricing.
• Strong technical skills with proficiency in actuarial and analytical software.
• Excellent analytical, problem-solving, and communication skills.
• Ability to collaborate effectively with cross-functional teams.
• Comfortable presenting insights to both technical and non-technical stakeholders.
• Proactive mindset with a passion for using data and analytics to drive business impact.

Please note only candidates that meet the minimum requirements will be considered.