Actuarial Pricing Architect

Santam Insurance; Sandton; On-site; ZAR 900,000 - 1,600,000; Full time

Job summary

Santam, Africa’s leading general insurance company, is seeking an Actuarial Specialist - Pricing in Sandton to own technical pricing solutions across products and channels, from data prep and model development to rating-engine deployment and monitoring.

You will apply GLMs, GBMs and credibility methods using Python, R and SQL, translate analyses into actionable pricing recommendations, and mentor junior analysts while partnering with underwriting, claims, product and technology teams.

Qualifications

• Bachelor’s degree in Actuarial Science, Statistics, or a similar quantitative qualification.
• A minimum of eight actuarial exemptions or examinations, or equivalent demonstrated actuarial capability.
• Three to seven years’ relevant actuarial or pricing experience, preferably within a short-term insurance pricing environment.
• Demonstrated experience developing, validating, documenting, and implementing risk-based pricing models end to end, including rating-engine deployment.

Responsibilities

• Own technical pricing models for allocated products and channels, including their design, development, validation, implementation, monitoring, maintenance, and continuous improvement.
• Apply appropriate actuarial and statistical techniques, including GLMs, GBMs, and credibility methods, using tools such as Python, R, and SQL.
• Challenge model assumptions, structures, and performance, incorporating underwriting, claims, market, and business insights.
• Drive innovation by testing emerging modelling techniques and tools.
• Manage model documentation, peer review, validation, version control, sign-off, and audit readiness.

Skills

GLMs

GBMs

Pricing modelling

Model validation

Stakeholder communication

Education

Bachelor’s degree in Actuarial Science or Statistics

Eight actuarial exemptions/exams

Tools

SQL

Python

R

Job description

Santam, Africa’s leading general insurance company, is seeking an Actuarial Specialist - Pricing in Sandton to own technical pricing solutions across products and channels, from data prep and model development to rating-engine deployment and monitoring.

You will apply GLMs, GBMs and credibility methods using Python, R and SQL, translate analyses into actionable pricing recommendations, and mentor junior analysts while partnering with underwriting, claims, product and technology teams.