Short-term Senior Actuarial Specialist

Network Finance; Randburg; On-site; ZAR 850,000 - 1,150,000; Full time

Job summary

Network Finance is seeking an experienced actuary to lead pricing and product development across several portfolios. The role involves reviewing pricing strategies to boost profitability, assessing new business opportunities, and guiding junior staff on technical actuarial matters.

Applicants should have a strong background in non-life pricing, capital modelling exposure, and risk management frameworks, along with excellent analytical and communication skills.

Qualifications

• 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.

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 thinking

Problem solving

Advanced Excel

SQL

Python/R

Stakeholder engagement

Education

Actuarial degree

Associate actuary qualification

Mathematics or Statistics majors

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