Senior Actuarial Specialist

Network Finance; Randburg; On-site; ZAR 1,200,000 - 1,900,000; Full time

Job summary

Network Finance in Randburg is seeking a Senior Actuary to lead pricing and product development across multiple portfolios. You will review actuarial work, guide juniors, and partner with stakeholders to craft innovative risk and insurance solutions.

The role requires a minimum of 5 years actuarial pricing experience in insurance or financial services, with strong analytical abilities, advanced Excel, and programming in SQL/Python/R as advantageous assets.

Qualifications

• Minimum 5 years actuarial experience.
• Strong non-life pricing and actuarial modelling experience.
• Experience within insurance or financial services environments.
• Exposure to capital modelling and risk management frameworks advantageous.

Responsibilities

• Lead pricing and product development initiatives across multiple portfolios.
• Conduct pricing reviews and recommend strategies to improve profitability and sustainability.
• Assess and evaluate new business opportunities and product offerings.
• Review actuarial work and provide technical guidance to junior team members.
• Partner with business stakeholders to develop innovative risk and insurance solutions.
• Investigate experience trends and recommend corrective actions where required.
• Support financial performance monitoring and actuarial reporting.
• Ensure compliance with governance, audit, regulatory, and risk management requirements.
• Act as a trusted technical advisor to management and stakeholders.
• Contribute to strategic initiatives and continuous improvement projects.

Skills

Analytical skills

Advanced Excel

SQL

Python

R

Communication skills

Attention to detail

Independent work

Education

Actuarial degree

Maths/Statistics major

Associate actuary qualification

Short-term insurance exams

Tools

SQL

Python

R

Job description

Key Responsibilities

• Lead pricing and product development initiatives across multiple portfolios
• Conduct pricing reviews and recommend strategies to improve profitability and sustainability
• Assess and evaluate new business opportunities and product offerings
• Review actuarial work and provide technical guidance to junior team members
• Partner with business stakeholders to develop innovative risk and insurance solutions
• Investigate experience trends and recommend corrective actions where required
• Support financial performance monitoring and actuarial reporting
• Ensure compliance with governance, audit, regulatory, and risk management requirements
• Act as a trusted technical advisor to management and stakeholders
• Contribute to strategic initiatives and continuous improvement projects

Job Experience and Skills Required

Education

• Actuarial Degree or Bachelor's Degree with Mathematics or Statistics as majors
• Associate Actuary qualification or strong progress towards Fellowship-level qualification
• Relevant short-term insurance examinations advantageous

Experience

• Minimum 5 years' actuarial experience
• Strong non-life pricing and actuarial modelling experience
• Experience within insurance or financial services environments
• Exposure to capital modelling and risk management frameworks advantageous

Skills

• Strong analytical and problem-solving abilities
• Advanced Excel skills
• SQL, Python, and/or R advantageous
• Excellent communication and stakeholder engagement skills
• Strong attention to detail and commercial awareness
• Ability to work independently and manage multiple priorities