Senior Actuarial Analyst - Pricing

Placements24; Sandton; Hybrid; ZAR 1,200,000 - 1,800,000; Full time

Benefits offered by this job

Executive salary package

Bonus potential

Comprehensive medical aid

Retirement fund

Exam sponsorship

Job summary

Placements24 is seeking a Senior Actuarial Analyst specializing in Pricing in Sandton, Gauteng. The role focuses on developing and refining pricing models for life, health, and short-term insurance products, leveraging advanced analytics, statistical modeling, and actuarial expertise.

The ideal candidate has 5+ years in actuarial pricing, progress toward actuarial exams, and proficiency with Emblem, RADAR, SAS, and Python. Hybrid work arrangement and strong stakeholder communication are key.

Qualifications

• Relevant tertiary qualification in Actuarial Science or equivalent.
• Progress toward or completion of actuarial exams (ASSA/SOA/CAS).
• Minimum of 5 years in actuarial pricing within insurance.

Responsibilities

• Develop, implement, and maintain pricing models for insurance products.
• Analyze market data, loss trends, and competitor pricing to inform strategies.
• Perform statistical analysis, segmentation, and risk modeling for rates.
• Collaborate with underwriting, product development and finance to align pricing with objectives.
• Evaluate regulatory changes and recommend pricing adjustments.
• Communicate complex concepts clearly to stakeholders.
• Mentor junior actuarial analysts and stay current with best practices.

Skills

Pricing analytics

Analytical thinking

Communication

Education

Actuarial Science degree

Progress toward actuarial exams (ASSA/SOA/CAS)

Tools

Emblem

RADAR

SAS

Python

Job description

About the Role Our client, a leading insurance powerhouse, is seeking a highly skilled Senior Actuarial Analyst specializing in Pricing to join their esteemed team in **Sandton, Gauteng**. This role is instrumental in developing and refining pricing models for a wide range of insurance products, ensuring competitiveness and profitability. The successful candidate will leverage advanced analytical techniques, statistical modeling, and deep actuarial knowledge to drive strategic pricing decisions. This is an exceptional opportunity to contribute to a market-leading organization in the heart of **Sandton**, a hub for financial services. We are looking for an analytical thinker with a passion for insurance and a proven ability to translate complex data into actionable insights. This hybrid role offers the best of both worlds: collaborative team engagement and personal flexibility.

Key Responsibilities

• Develop, implement, and maintain pricing models for various insurance products (e.g., life, health, short-term).
• Analyze market data, historical loss trends, and competitor pricing to inform pricing strategies.
• Perform statistical analysis, segmentation, and risk modeling to determine appropriate rates.
• Collaborate with underwriting, product development, and finance teams to ensure pricing aligns with business objectives.
• Evaluate the impact of regulatory changes on pricing and recommend adjustments.
• Communicate complex actuarial concepts and pricing recommendations clearly to stakeholders.
• Mentor and guide junior actuarial analysts.
• Stay current with actuarial best practices, tools, and emerging trends in the insurance industry.
• Contribute to the profitability and growth of the insurance portfolio through effective pricing.
• Assist in the preparation of regulatory pricing disclosures and supporting documentation.

Requirements

• A relevant tertiary qualification in Actuarial Science, Mathematics, Statistics, or a related field.
• Progress towards or completion of actuarial exams (e.g., Actuarial Society of South Africa, SOA, CAS).
• A minimum of 5 years of progressive experience in actuarial pricing within the insurance industry.
• Demonstrated expertise in statistical modeling, predictive analytics, and pricing software (e.g., Emblem, RADAR, SAS, Python).
• Strong understanding of insurance products, market dynamics, and regulatory frameworks in **Gauteng**.
• Excellent analytical, problem-solving, and quantitative skills.
• Exceptional communication and presentation abilities, with the capacity to explain complex concepts to non-technical audiences.
• Proven ability to work independently and lead projects.
• Experience with data visualization tools is a plus.
• Strong ethical conduct and commitment to professional standards.

Benefits

• Highly competitive executive salary package and significant bonus potential.
• Comprehensive medical aid, life insurance, retirement fund, and other executive benefits.
• Sponsorship for actuarial exams and professional development.
• Opportunities for career advancement into leadership roles.
• Stimulating work environment within a leading financial services hub.
• Hybrid work model offering excellent work-life balance.
• Access to cutting-edge actuarial software and resources.
• Prime office location in **Sandton**.