Senior Actuarial Pricing Leader: Optimisation

Old Mutual South Africa; Johannesburg; On-site; ZAR 1,000,000 - 1,600,000; Full time

Job summary

Old Mutual South Africa 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 analytics to develop pricing solutions that balance growth, profitability and customer outcomes.

The role includes mentoring junior team members, building rating models, and working with underwriting, distribution and product teams to align pricing with business strategy.

Qualifications

• Degree in Actuarial Science with strong exam progression.
• 3–6 years pricing experience in personal lines preferred.
• Strong understanding of pricing principles and profitability drivers.
• Proven ability to translate analysis into business recommendations.

Responsibilities

• Lead pricing and price optimisation initiatives for iWYZE personal lines.
• Develop customer-level optimisation frameworks considering risk, retention and LTV.
• Identify pricing opportunities through advanced analytics and simulations.
• Collaborate with underwriting, distribution and product teams to align pricing with business objectives.
• Monitor market trends, competitor activity and portfolio performance for pricing opportunities and risks.
• Supervise and mentor junior actuarial analysts in pricing model development.
• Build and maintain sophisticated rating models and ensure robustness and compliance.
• Apply innovative analytical techniques to complex pricing challenges.
• Support strategic projects to improve pricing sophistication and automation.

Skills

Data Analysis

Pricing Strategies

Stakeholder Management

Mentoring

Leadership

Education

BSc Actuarial Science

Job description

Old Mutual South Africa 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 analytics to develop pricing solutions that balance growth, profitability and customer outcomes.

The role includes mentoring junior team members, building rating models, and working with underwriting, distribution and product teams to align pricing with business strategy.