Senior Actuarial Specialist: Product Development & Pricing (Life Insurance)

Network Finance; Randburg; Presencial; ZAR 1.200.000 - 1.800.000; Jornada completa

Descripción de la vacante

Network Finance seeks an experienced actuary to lead the development and pricing of life insurance and savings products in Randburg, South Africa. The role involves pricing reviews, profitability analyses, market research, and building pricing models to support product strategy and governance.

You will collaborate with cross-functional teams, prepare business cases for launches, and present insights to senior stakeholders, with progress towards FASSA as a key non-negotiable.

Formación

• BSc degree in actuarial sciences or related quantitative discipline.
• Honours degree advantageous.
• Progress towards FASSA is essential.

Responsabilidades

• Lead and support the development and enhancement of life insurance and savings products.
• Perform pricing reviews, profitability analyses, and experience investigations.
• Conduct market research and competitor analysis to identify product opportunities.
• Develop and maintain actuarial pricing models and profitability frameworks.
• Prepare business cases and recommendations for product launches and enhancements.
• Partner with cross-functional teams to drive product strategy and implementation.
• Present actuarial insights and recommendations to senior stakeholders and governance committees.

Conocimientos

Advanced Excel & VBA

SQL/SAS/Python/R proficiency

Actuarial modelling & financial分析

Presentation & communication skills

Educación

BSc Degree in Actuarial Science, Actuarial & Financial Mathematics, Mathematics, Statistics, or a related quantitative discipline

Honours Degree advantageous

Progress towards FASSA essential

Herramientas

Prophet

Descripción del empleo

Key Responsibilities:

• Lead and support the development and enhancement of life insurance and savings products.
• Perform pricing reviews, profitability analyses, and experience investigations.
• Conduct market research and competitor analysis to identify product opportunities.
• Develop and maintain actuarial pricing models and profitability frameworks.
• Prepare business cases and recommendations for product launches and enhancements.
• Partner with cross-functional teams to drive product strategy and implementation.
• Present actuarial insights and recommendations to senior stakeholders and governance committees.

Job Experience and Skills Required:

Education:

• BSc Degree in Actuarial Science, Actuarial & Financial Mathematics, Mathematics, Statistics, or a related quantitative discipline.
• Honours Degree advantageous.
• Progress towards FASSA is essential.

Experience:

• 5+ years' actuarial experience within the Life Insurance industry.
• Proven experience in Product Development, Product Pricing, and Profitability Analysis.
• Strong exposure to life insurance and/or savings products.
• Experience conducting competitor analysis, business case development, and product performance monitoring.
• Exposure to stakeholder engagement and product governance processes.

Skills:

• Advanced Excel and VBA.
• Experience with Prophet advantageous.
• Strong proficiency in SQL, SAS, Python, or R.
• Strong actuarial modelling and financial analysis skills.
• Excellent presentation and communication skills.

Non-Negotiables:

• Life Insurance experience is essential.
• Strong focus on product development, pricing, and profitability management.
• Progress towards FASSA.
• Commercial mindset with the ability to balance customer value and business profitability.
• Strong stakeholder engagement and relationship management capability.