Pricing Actuary

Communicate Recruitment; Johannesburg; On-site; ZAR 850,000 - 1,150,000; Full time

Job summary

Communicate Recruitment in Johannesburg seeks a Pricing Actuary (Non-Life) to join a specialist actuarial team. You will lead pricing, product development and insurance structuring, delivering commercially viable solutions with strong governance and risk controls.

You will partner with actuaries, data specialists and clients to ensure profitability, sound actuarial practice and strategic outcomes for existing portfolios and new business.

Qualifications

• Degree in Actuarial Science, Mathematics, Statistics or related quantitative field.
• Associate Actuary or progress toward Fellowship.
• F103 – General Insurance Principles completed.
• Strong Non-Life pricing experience.
• Proven actuarial modelling experience.
• Understanding of insurance products, contracts and relevant legislation.
• Exposure to the SAM capital regime.
• Strong Excel and analytical capabilities.
• Coding in SQL, Python or R advantageous.

Responsibilities

• Own pricing frameworks, product development and structuring initiatives.
• Lead rate reviews and re-pricing exercises across existing product portfolios.
• Assess and review new product opportunities, ensuring they are commercially viable and appropriately structured.
• Review actuarial work and provide technical guidance to junior team members.
• Partner with internal stakeholders to structure new deals and develop appropriate underwriting and capital solutions.
• Investigate and explain pricing or performance variances and recommend corrective actions.
• Ensure projects meet relevant risk, governance and audit requirements.
• Collaborate with technical and external partners to develop pricing models and processes.
• Support the development of bespoke insurance products, balancing innovation, profitability and sustainability.
• Monitor product performance and profitability through financial and actuarial reporting.
• Provide senior technical advice to management and external stakeholders.
• Translate complex actuarial analysis into clear, commercially relevant recommendations.

Skills

Non-Life pricing

Actuarial modelling

Pricing frameworks

SQL

Python

R

Excel

Communication

Education

Actuarial Science

Associate Actuary / Fellowship progress

F103 – General Insurance Principles

Tools

SQL

Python

R

Job description

Pricing Actuary (Non-Life) | Johannesburg

Salary: R1mil CTC per annum

Are you an experienced Non-Life Actuary with strong pricing and modelling experience, looking for an opportunity where you can combine technical actuarial expertise with product development, client solutions and strategic decision-making?

A leading financial services environment is looking for a Pricing Actuary (Non-Life) to join a specialist actuarial team supporting innovative insurance and risk solutions.

The Opportunity

You’ll play a senior technical role across pricing, product development and insurance structuring, providing actuarial insights that support both existing portfolios and new business opportunities.

You’ll work closely with actuaries, data specialists, management and clients to develop commercially viable solutions while ensuring technical soundness, profitability and appropriate risk management.

Key Responsibilities

• Take ownership of pricing frameworks, product development and structuring initiatives.
• Lead rate reviews and re-pricing exercises across existing product portfolios.
• Assess and review new product opportunities, ensuring they are commercially viable and appropriately structured.
• Review actuarial work and provide technical guidance to junior team members.
• Partner with internal stakeholders to structure new deals and develop appropriate underwriting and capital solutions.
• Investigate and explain pricing or performance variances and recommend corrective actions.
• Ensure projects meet relevant risk, governance and audit requirements.
• Collaborate with technical and external partners to develop pricing models and processes.
• Support the development of bespoke insurance products, balancing innovation, profitability and sustainability.
• Monitor product performance and profitability through financial and actuarial reporting.
• Provide senior technical advice to management and external stakeholders.
• Translate complex actuarial analysis into clear, commercially relevant recommendations.

What we're looking for

• Degree in Actuarial Science, Mathematics, Statistics or a related quantitative discipline.
• Associate Actuary or strong progress towards Fellowship.
• Successful completion of F103 – General Insurance Principles or an equivalent short-term insurance qualification.
• Strong Non-Life pricing experience.
• Proven experience with actuarial modelling.
• Strong understanding of insurance products, contracts and relevant legislation.
• Exposure to the SAM capital regime.
• Strong Excel and analytical capabilities.
• Coding experience in SQL, Python and/or R would be advantageous.

You’ll stand out if you have

• Strong technical and analytical actuarial expertise
• Commercial awareness and a results-driven mindset
• Excellent problem-solving and data interpretation skills
• The confidence to challenge assumptions and identify opportunities
• Strong communication skills with the ability to explain technical concepts to non-technical stakeholders
• Experience working directly with clients and senior stakeholders
• A naturally curious and innovative approach
• The ability to work independently while collaborating effectively across teams

This is an excellent opportunity for a Non-Life Pricing Actuary who wants to move beyond traditional technical work and have a genuine impact on product strategy, client solutions and commercial outcomes.