Specialist: Pricing

Bigen Africa; Gauteng; On-site; ZAR 700,000 - 1,100,000; Full time

Job summary

Bigen Africa in Gauteng seeks a Pricing Specialist to develop and maintain pricing models for Vehicle Warranty, Service and maintenance products. You will evaluate loss ratios, research data, and provide pricing recommendations to management. The role requires actuarial knowledge and strong SQL/data skills.

This is a permanent on-site position offering market-related remuneration, governance compliance, and opportunities to influence pricing strategy across regulated and non-regulated products.

Qualifications

• BSc in actuarial mathematics/science or equivalent.
• 3+ years in pricing estimation/analysis in pricing environment.
• Strong SQL and data-driven pricing knowledge.

Responsibilities

• Develop, maintain and implement pricing models.
• Set pricing for regulated and non-regulated products.
• Evaluate loss ratios and provide pricing recommendations.
• Research relevant information for pricing strategies.
• Present analytics and recommendations to management.
• Support ad-hoc projects and monitor governance.

Skills

Pricing analytics

Data analysis

SQL

Financial modelling

Analytical skills

Pricing software

Education

BSc (Actuarial Mathematics) or BSc (Actuarial Science)

Tools

Pricing tools

Data management

Job description

A job opportunity exists for the right candidate in Gauteng

Employment Type:

Permanent

Reference No:

5543

Location:

Gauteng

Remuneration

Market Related

Starting Date

2026/09/02

CLOSING DATE

PLEASE NOTE: 9/16/2026 12:00:00 AM

Requirements

• A minimum of 3 years of experience in product cost estimation and analysis within a pricing environment or a similar role, preferably in the Automotive or Short-term Insurance Industry
• Strong analytical and quantitative skills.
• Proficient in data analysis and pricing software or tools.
• Financial modelling and analytical skills
• Proficiency in SQL or similar data management skills
• Knowledge of techniques used or modern technology tools for analysing data and implementing pricing initiatives.

Position Description

• Develop, maintain and implement optimal pricing models
• Determine and set pricing for all regulated and non-regulated products to ensure accuracy, competitiveness, and profitability.
• Evaluate the cause of loss ratios and other relevant factors to provide recommendations and assumptions for pricing models.
• Obtain and research relevant information to be incorporated into pricing strategies.
• Present data analytics and provide recommendations to management.
• Support and assist in various ad-hoc projects as needed
• Identify, assess, and mitigate risks associated with pricing strategies and models.
• Ensure that all pricing decisions comply with internal risk management policies and procedures.
• Stay updated on regulatory changes and incorporate them into pricing strategies and methodologies.
• Understand the overall business and drive a customer service culture within the organization.
• Support and drive the new business process in alignment with internal and external requirements.
• Ensure deliverables are met as agreed in SLAs
• Adhere to and promote a positive customer experience for both internal and external customers.
• Create a culture of ownership and accountability throughout the organisation in support of our company values
• Continuously track product and client profitability and detailed tracking of the revenue and costs by understanding of all the levers of profitability and executing appropriately to pull these levers.
• Governance & Controls: Adhere to Pricing Governance Framework, including processes and required sign-off.

Job Summary

The Pricing Specialist is responsible for researching, analysing, updating, and monitoring all pricing and data relevant to Vehicle Warranty, Service and Maintenance value add products. To develop and maintain pricing models and construct and review Product Pricing, Revenues, Costs and overall competitiveness and profitability.

Education

• BSc (Actuarial Mathematics) / BSc (Actuarial Science) or similar degree and registered with a recognised actuarial institute. Core Principles: CT1-CT9/A100's; A200's and A401/CM1-2;CB1-3;CS1-2

Preferred

• Completed at least two Core Practice Modules CA1/ (A301), and/or preferably one Specialist Principles examination F103/ST3 General Insurance or ST8/SP8 General Insurance Pricing