Actuarial Pricing Specialist

Network Finance; Randburg; On-site; ZAR 520,000 - 750,000; Full time

Job summary

Network Finance seeks an actuarial pricing professional with 2–4 years of pricing and modelling experience to support pricing reviews and product development. You will develop and maintain pricing models and collaborate across underwriting, claims, and technology to optimise product performance.

The role requires an actuarial degree or mathematics/statistics major and progress toward actuarial qualification, with responsibility for data quality, reporting controls, and risk governance in a

Qualifications

• Actuarial degree or maths/statistics major with strong academic record.
• Associate-level actuarial qualification or on-track progress towards qualification.
• 2–4 years pricing experience and actuarial modelling exposure.

Responsibilities

• Support pricing reviews and product development initiatives.
• Develop and maintain actuarial pricing models and frameworks.
• Analyse product performance and identify opportunities for optimisation.
• Collaborate with underwriting, claims, technology, and stakeholders.
• Ensure governance, audit, and risk management requirements are met.
• Provide actuarial insights to support business decisions.
• Review data quality and improve reporting processes and controls.

Skills

Analytical thinking

Advanced Excel

SQL

Python

R

Stakeholder engagement

Attention to detail

Prioritisation

Education

Actuarial Degree or Mathematics/Statistics major

Associate-level actuarial qualification or on-track progress

Tools

SQL

Python

R

Data extraction tools

Reporting tools

Job description

Key Responsibilities

• Support pricing reviews and product development initiatives
• Develop, maintain, and enhance actuarial pricing models and frameworks
• Analyse product performance and identify opportunities for optimisation
• Collaborate with underwriting, claims, technology, and business stakeholders
• Assess the viability of new products and assist with product implementation
• Review data quality and improve reporting processes and controls
• Investigate trends, variances, and emerging risks
• Support the design of innovative and sustainable insurance solutions
• Provide actuarial insights and recommendations to support business decisions
• Ensure compliance with governance, audit, and risk management requirements

Education

• Actuarial Degree or Bachelor's Degree with Mathematics or Statistics as majors
• Associate-level actuarial qualification or strong progress towards qualification

Experience

• 2-4 years' relevant actuarial experience
• Experience in pricing and actuarial modelling
• Knowledge of insurance products and regulatory frameworks
• Experience with data extraction and analysis advantageous

Skills

• Strong analytical and problem-solving abilities
• Advanced Excel skills
• SQL, Python, and/or R advantageous
• Excellent communication and stakeholder engagement skills
• Strong attention to detail and commercial awareness
• Ability to work independently and manage multiple priorities