Head : Actuary non-life

Rooftop Recruitment; Johannesburg; On-site; ZAR 700 000 - 1 000 000; Full time

Job summary

A leading recruitment agency is seeking an experienced actuarial leader for a strategic role in Johannesburg, responsible for overseeing the Non-Life Pricing & Structuring function. The successful candidate will manage product development, pricing strategies, and portfolio management, ensuring regulatory compliance and technical integrity in non-life insurance offerings. Candidates should have qualifications in Actuarial Science and substantial experience in the short-term insurance sector.

Qualifications

• Qualified or nearly qualified actuary (FASSA or internationally recognised equivalent).
• Bachelors or Honours degree in Actuarial Science, Mathematics, Statistics, or a related quantitative discipline.
• 5+ years experience in the short-term (non-life) insurance sector.

Responsibilities

• Provide strategic direction to the Non-Life Pricing & Structuring team.
• Lead the development of product pricing models across insurance offerings.
• Conduct regular rate reviews and repricing exercises.

Skills

Leadership

Actuarial modelling

Pricing methodologies

Stakeholder engagement

Analytical thinking

Education

Bachelor's degree in Actuarial Science, Mathematics, Statistics

Qualified actuary (FASSA or equivalent)

Job description

Role Overview

We are looking for an experienced actuarial leader to head the Non-Life Pricing & Structuring function. This strategic role is responsible for driving product development, pricing strategies, and structuring initiatives across the CRS and VUMA portfolios. The successful candidate will play a key role in ensuring the technical integrity, regulatory compliance, and commercial viability of our non-life insurance offerings.

Key Responsibilities

Strategic Leadership

Provide strategic direction to the Non-Life Pricing & Structuring team, ensuring alignment with overall business objectives and market strategy.

Product & Pricing Oversight

Lead the development and refinement of product pricing models across new and existing non-life insurance offerings.

Review and approve pricing frameworks to ensure consistency with internal governance, regulatory requirements, and actuarial best practice.

Portfolio Management

Conduct regular rate reviews and repricing exercises to ensure technical soundness and maintain market relevance of existing products.

Product Development & Innovation

Evaluate and approve new product proposals, ensuring they meet profitability targets and comply with regulatory expectations.

Collaborate with internal stakeholders to co-create and launch innovative, tailored insurance solutions.

Deal Structuring & Client Engagement

Work closely with business development and underwriting teams to structure bespoke deals and capital-efficient underwriting models.

Provide actuarial expertise in structuring client-specific insurance and risk transfer solutions.

Performance Monitoring & Reporting

Oversee the monitoring of product performance, profitability metrics, and ensure alignment with best-practice actuarial standards.

Advisory & Technical Leadership

Serve as a senior technical advisor, translating complex actuarial models into actionable insights for both internal teams and external clients.

Qualifications & Experience

Qualified or nearly qualified actuary (FASSA or internationally recognised equivalent)

Successful completion of F103 (General Insurance Principles) or equivalent short-term insurance exam

Bachelors or Honours degree in Actuarial Science, Mathematics, Statistics, or a related quantitative discipline (NQF Level 7 or above)

58 years experience in the short-term (non-life) insurance sector

Proven expertise in pricing methodologies, product structuring, and actuarial modelling

Exposure to the SAM (Solvency Assessment and Management) regime

Key Competencies

Strong leadership and team management capabilities

Deep technical actuarial knowledge with a commercial mindset

Excellent communication and stakeholder engagement skills

Analytical thinker with sound judgement

Ability to drive innovation in a regulated environment