Actuarial Pricing Specialist

Guardrisk; Johannesburg; On-site; ZAR 850,000 - 1,200,000; Full time

Job summary

Guardrisk, a market leader in cell captive insurance, seeks a pricing actuary to join the Structuring and Solutions team. You will collaborate with data scientists, actuaries and underwriters to price, review products and deliver insights for the GGI business.

You will own pricing frameworks, support rate reviews, ensure viability, and translate actuarial insights into actionable business decisions while maintaining risk and audit standards.

Qualifications

• Actuarial or mathematics/statistics degree required.
• Associate Actuary or progress toward Associate exams.
• 2–4 years in relevant work experience.
• SQL, Python and R knowledge advantageous.
• Strong numerical and Excel/Word skills.
• Knowledge of insurance products and relevant legislation.
• Excellent analytical and communication skills.

Responsibilities

• Lead pricing frameworks for products.
• Coordinate with IT, underwriters, claims, and product owners.
• Support rate reviews and re-pricing for existing product suite.
• Oversee new product assessment for viability and compliance.
• Review teammates’ work for accuracy.
• Improve pricing tools and processes to monitor policy values.
• Explain deviations and advise on corrective actions.
• Ensure all projects meet audit and risk requirements.
• Collaborate with external teams to define pricing models.
• Support bespoke product design focused on profitability and sustainability.
• Manage financial performance reporting for products.
• Act as technical advisor translating actuarial insights into business decisions.

Skills

Actuarial degree

Mathematics

Statistics

Associate progress

SQL

Python

R

Excel

Data extraction

Analytical thinking

Education

Bachelor’s degree in Actuarial Science or Math/Stats

Tools

SQL

Python

R

Job description

Guardrisk is the undisputed market leader in cell captive insurance and risk solutions. We are renowned for our innovative approach to cell captive structures and other alternative risk transfer solutions for our clients. Guardrisk offers clients custom designed cover and is registered in South Africa as an insurer for all statutory classes of non-life and life insurance business.

Role Purpose

The Structuring and Solutions team forms the key point of contact between the different segments and the technical support areas, focusing on client service and client solution development. This role forms part of a diverse team that includes experienced data scientists, actuarial analysts and qualified actuaries. This role will report into the Manager: Technical Pricing GGI.

This position will be to assist with pricing, product development and providing insights to the Guardrisk General Insurance (“GGI”) business. The GGI business is a strategic aspect of the Guardrisk Insurance business as it forms Guardrisk’s own risk‑taking segment of the business. The role will providing technical support in the form of pricing, product review and development of new and existing business for this business.

Duties and Responsibilities

• Take accountability for all product development and pricing frameworks.
• Coordination with IT, underwriters, claims teams and product owners to develop holistic understandings of various products and processes within the space.
• Support rate reviews and re‑pricing exercises for the existing product suite to maintain technical soundness and market competitiveness.
• Oversee the assessment and approval of new product offerings, ensuring they are commercially viable and compliant.
• Review and ensure the accuracy of fellow team members' work.
• Improve tools and processes that monitor the accuracy of policy values.
• Investigate, quantify and explain any deviations and advise on corrective measures.
• Ensure that all projects to be implemented adhere to audit and risk management requirements.
• Collaboration with external business support to define and develop the pricing models and processes.
• Support clients in the design and development of bespoke products, with a focus on innovation, profitability, and sustainability.
• Manage financial performance reporting, including monitoring product profitability and adherence to best‑practice actuarial standards.
• Act as a technical advisor to both management and external stakeholders, translating complex actuarial insights into actionable business decisions.

Requirements

• An Actuarial or Bachelor’s Degree with mathematics or statistics as majors.
• Associate Actuary or making good progress with Associate level exams.
• 2-4 years' relevant work experience.
• Coding knowledge in SQL, Python and R advantageous.
• Knowledge of insurance products, contracts and relevant industry legislations.
• Sound numerical skills and computer literacy is essential especially in the use of MS Excel, MS Word and SQL.
• Skills / Experience in data extraction would be advantageous.
• Ability to examine and interpret data and provide insights.
• Strong technical expertise.
• Achievement orientation.
• Effectively manage time and ensure optimal productivity.
• Excellent analytical and communication skills.
• Results and solution focused.
• High degree of self‑motivation and the ability to work independent of supervision.
• Naturally inquisitive mind set, with a strong innovative tendency.
• Self Confidence.
• Flexibility to cope with pressure and setbacks.
• Delivering results and meeting expectations.

Should you not hear from us within 21 days, kindly consider your application unsuccessful.