Senior Group Life Pricing Specialist

Munich Re; Johannesburg; On-site; ZAR 900,000 - 1,200,000; Full time

Job summary

Munich Re is seeking a Pricing Specialist in Johannesburg to join the Group Business team within the Life Business Unit. You will lead and participate in pricing projects across South Africa and Sub-Saharan Africa, reviewing quotes and ensuring alignment with actuarial standards and risk management.

You will support development of pricing tools, collaborate with client managers, underwriting, claims and operations, and contribute to technical content and industry engagement.

Qualifications

• Qualified or nearly qualified actuary with significant relevant experience in Life insurance or reinsurance.
• Pricing experience with mortality and morbidity rate setting.
• Excellent skills in actuarial/statistical programming languages such as VBA, Excel, BI tools (Power BI), R/Python.
• Strong verbal communication, presentation and negotiation skills.

Responsibilities

• Lead and/or participate in various group business pricing projects including tenders, client projects, basis updates, industry studies and experience analyses.
• Provide development and maintenance support for group life quotations tools, including basis updates.
• Review complex employee benefit, credit life and funeral quotes for Sub-Saharan Africa and provide recommendations balancing risk and commercial value.
• Ensure actuarial and risk management standards are met in pricing activities and liaise with regional pricing team.
• Manage group profitability monitoring with stakeholders and finance/ reporting to reflect and monitor results.
• Review and implement changes to improve process efficiency through technology.
• Build technical profile in the industry and within the team, including delivering technical content at events.
• Coordinate with client managers, underwriting, claims and operations to deliver product propositions.
• Provide high-quality actuarial consulting services in pricing, product development, research and risk management.

Skills

VBA

Excel

Power BI

R/Python

Communication skills

Education

Actuarial qualification

Tools

Power BI

Job description

Munich Re is seeking a Pricing Specialist in Johannesburg to join the Group Business team within the Life Business Unit. You will lead and participate in pricing projects across South Africa and Sub-Saharan Africa, reviewing quotes and ensuring alignment with actuarial standards and risk management.

You will support development of pricing tools, collaborate with client managers, underwriting, claims and operations, and contribute to technical content and industry engagement.