Senior Life Actuary – Product Development & Pricing

Network Finance; Randburg; On-site; ZAR 1,200,000 - 1,800,000; Full time

Job summary

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.

Qualifications

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

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.

Skills

Advanced Excel & VBA

SQL/SAS/Python/R proficiency

Actuarial modelling & financial分析

Presentation & communication skills

Education

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

Honours Degree advantageous

Progress towards FASSA essential

Tools

Prophet

Job description

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.