Senior Actuarial Pricing Lead

oldmutual; Johannesburg; On-site; ZAR 900,000 - 1,500,000; Full time

Job summary

Old Mutual is seeking a Senior Actuarial Specialist to lead pricing and price optimisation for the iWYZE personal lines portfolio. The role blends actuarial expertise, advanced analytics and strategic thinking to drive pricing that balances growth, retention and profitability.

Responsibilities include building optimisation frameworks, identifying opportunities, conducting impact assessments and collaborating with underwriting and product teams to align pricing with corporate objectives.

Qualifications

• Degree in Actuarial Science and impressive exam progression.
• 3–6 years pricing experience in personal lines.
• Strong understanding of pricing principles, strategies and portfolio drivers.

Responsibilities

• Develop and monitor customer-level optimisation frameworks across risk, retention, and lifetime value.
• Identify pricing opportunities through advanced analytics and recommend actionable strategies.
• Run pricing simulations, scenario testing and impact assessments for leadership decisions.
• Collaborate with underwriting, distribution and product to align pricing with business goals.
• Mentor junior analysts and build robust rating models.

Skills

Data Analysis

Pricing Strategies

Education

Bachelor of Science (BSc): Actuarial Science

Job description

Old Mutual is seeking a Senior Actuarial Specialist to lead pricing and price optimisation for the iWYZE personal lines portfolio. The role blends actuarial expertise, advanced analytics and strategic thinking to drive pricing that balances growth, retention and profitability.

Responsibilities include building optimisation frameworks, identifying opportunities, conducting impact assessments and collaborating with underwriting and product teams to align pricing with corporate objectives.