Actuarial Specialist

Network Recruitment; Johannesburg; On-site; ZAR 1,200,000 - 1,800,000; Full time

Job summary

Network Recruitment seeks a Senior Actuarial Specialist to lead pricing, product development, and strategic actuarial initiatives. You will mentor junior colleagues and provide specialist actuarial expertise to support business growth and innovation, partnering across the organisation.

The role requires strong non-life pricing, modelling experience, and exposure to risk management frameworks, with a focus on delivering commercially sound solutions.

Qualifications

• Actuarial degree or mathematics/statistics major.
• Associate Actuary qualification or progress towards Fellowship.
• Short-term insurance examinations advantageous.

Responsibilities

• Lead pricing and product development initiatives across portfolios.
• Conduct pricing reviews and strategies to improve profitability.
• Assess new business opportunities and product offerings.
• Review actuarial work and provide guidance to juniors.
• Partner with stakeholders to develop innovative risk solutions.
• Investigate experience trends and recommend corrective actions.
• Support financial performance monitoring and actuarial reporting.
• Ensure governance, regulatory and risk management compliance.
• Act as a trusted technical advisor to management.
• Contribute to strategic initiatives and continuous improvement.

Skills

Analytical skills

Stakeholder engagement

Attention to detail

Independent work

Education

Actuarial degree or mathematics/statistics major

Associate Actuary qualification

Short-term insurance exams advantageous

Tools

SQL

Python

R

Excel

Job description

Our client is a leading financial services organisation seeking a Senior Actuarial Specialist to join their actuarial team. This position offers an exciting opportunity to lead pricing, product development, and strategic actuarial initiatives while partnering with key stakeholders across the business. The successful candidate will play a critical role in delivering commercially sound solutions, mentoring junior team members, and providing specialist actuarial expertise to support business growth and innovation.

Key Responsibilities

• Lead pricing and product development initiatives across multiple portfolios
• Conduct pricing reviews and recommend strategies to improve profitability and sustainability
• Assess and evaluate new business opportunities and product offerings
• Review actuarial work and provide technical guidance to junior team members
• Partner with business stakeholders to develop innovative risk and insurance solutions
• Investigate experience trends and recommend corrective actions where required
• Support financial performance monitoring and actuarial reporting
• Ensure compliance with governance, audit, regulatory, and risk management requirements
• Act as a trusted technical advisor to management and stakeholders
• Contribute to strategic initiatives and continuous improvement projects

Job Experience and Skills Required

Education:

• Actuarial Degree or Bachelor's Degree with Mathematics or Statistics as majors
• Associate Actuary qualification or strong progress towards Fellowship-level qualification
• Relevant short-term insurance examinations advantageous

Experience:

• Minimum 5 years' actuarial experience
• Strong non-life pricing and actuarial modelling experience
• Experience within insurance or financial services environments
• Exposure to capital modelling and risk management frameworks 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