Senior Actuarial Specialist MMH260918-9

Guardrisk; Sandton; On-site; ZAR 1,200,000 - 1,800,000; Full time

Job summary

Guardrisk is seeking a senior actuarial professional to support pricing, product development and capital solution design for our cell captive business. The role collaborates with data scientists, actuaries and analysts to deliver pricing insights and robust product reviews.

You will lead pricing initiatives, review models, and work with internal teams to tailor underwriting and capital solutions for client needs while maintaining audit and regulatory standards.

Qualifications

• Minimum 5 years of relevant work experience.
• Actuarial background with pricing and product development focus.
• Familiarity with capital modelling and risk considerations.

Responsibilities

• Drive pricing frameworks and product development across CRS and VUMA portfolios.
• Lead rate reviews and re-pricing to maintain competitiveness.
• Assess new product offerings for viability and compliance.
• Review teammates’ work for accuracy and provide guidance to junior analysts.
• Collaborate with internal teams to structure deals and optimise underwriting and capital decisions.
• Investigate deviations and propose corrective actions.
• Ensure projects adhere to audit and risk management requirements.
• Partner with external teams to define pricing models and processes.
• Support bespoke product design focused on profitability and sustainability.

Skills

Modelling experience

Non-life pricing

Insurance knowledge

SAM capital regime

Education

Actuarial degree or bachelor’s with mathematics/statistics

F103 or equivalent exam

Associate Actuary or Fellowship progress

Tools

SQL

Python

R

Job description

Role Purpose

The Structuring and Solutions team forms the key point of contact between the different segments and the technical support areas, focusing on client service and client solution development. This role forms part of a diverse team that includes experienced Data scientists, Actuarial analysts and Qualified Actuaries. This position will be to assist with pricing, product development and providing insights to the Guardrisk cell captive (“GRI”) business. The role will providing technical support in the form of pricing, product reviews and capital solution development of new and existing cell business.

Requirements

• An Actuarial or bachelor’s degree with mathematics or statistics as majors.


• Associate Actuary or making good progress with Fellowship level exams.


• Successful completion of F103 (General Insurance Principles) or equivalent short-term insurance exam.


• 5 years' relevant work experience.


• Modelling experience.


• Non-life pricing experience.


• Coding knowledge in SQL, Python and R advantageous.


• Knowledge of insurance products, contracts and relevant industry legislations.


• Sound numerical skills and computer literacy is essential especially in the use of MS Excel, MS Word and SQL.


• Exposure to the SAM capital regime.

Duties and Responsibilities

• Take accountability for all product development and pricing frameworks, and structuring initiatives across the CRS and VUMA portfolios.


• Lead rate reviews and re-pricing exercises for the existing product suite to maintain technical soundness and market competitiveness.


• Oversee the assessment and approval of new product offerings, ensuring they are commercially viable and compliant.


• Review and ensure the accuracy of fellow team members' work.


• Provide guidance to junior actuarial analysts.


• Partner with internal teams to structure new deals - providing actuarial input on optimal underwriting and capital structuring solutions tailored to client needs.


• Investigate, quantify and explain any deviations and advise on corrective measures.


• Ensure that all projects to be implemented adhere to audit and risk management requirements.


• Collaboration with external business support to define and develop the pricing models and processes.


• Support clients in the design and development of bespoke products, with a focus on innovation, profitability, and sustainability.


• Manage financial performance reporting, including monitoring product profitability and adherence to best-practice actuarial standards.


• Act as a senior technical advisor to both management and external stakeholders, translating complex actuarial insights into actionable business decisions.