Pricing & Optimisation Lead — Senior Actuarial

Old Mutual Insure Limited; Johannesburg; On-site; ZAR 1,200,000 - 1,900,000; Full time

Job summary

Old Mutual Insure Limited in Johannesburg invites applications for a Senior Actuarial Specialist to lead pricing and price optimisation across the iWYZE personal lines portfolio. You will combine actuarial expertise with advanced analytics to develop pricing solutions that balance growth, retention and profitability.

You will mentor junior team members, partner with underwriting, distribution and product teams, and apply innovative modelling techniques to optimise pricing, assess scenarios and

Qualifications

• Degree in Actuarial Science with impressive exam progression.
• 3–6 years pricing experience in personal lines.
• Ability to translate analytical findings into practical business recommendations.

Responsibilities

• Develop and monitor customer-level optimisation frameworks incorporating risk, retention, conversion, and lifetime value considerations.
• Identify pricing opportunities through advanced analytics and recommend actionable strategies to improve business performance.
• Conduct pricing simulations, scenario testing, and impact assessments to support strategic decision‑making.
• Partner with underwriting, distribution, and product teams to ensure pricing strategies align with broader business objectives.
• Monitor competitor activity, market trends, and portfolio performance to proactively identify pricing opportunities and risks.
• Supervise and mentor junior actuarial analysts and specialists in pricing model development and portfolio analytics.
• Build and maintain sophisticated rating models.
• Ensure pricing models remain robust, compliant, and aligned with evolving business needs.
• Apply innovative analytical techniques to solve complex commercial pricing challenges.
• Support strategic projects aimed at improving pricing sophistication, automation, and decision‑making.

Skills

Actuarial pricing

Pricing optimisation

Predictive modelling

Portfolio management

Leadership and mentorship

Stakeholder management

Programming for data analysis

Communication

Education

Bachelor of Science in Actuarial Science

Tools

R

Python

SQL

Excel

Job description

Old Mutual Insure Limited in Johannesburg invites applications for a Senior Actuarial Specialist to lead pricing and price optimisation across the iWYZE personal lines portfolio. You will combine actuarial expertise with advanced analytics to develop pricing solutions that balance growth, retention and profitability.

You will mentor junior team members, partner with underwriting, distribution and product teams, and apply innovative modelling techniques to optimise pricing, assess scenarios and