Job Description

Job Summary A Hire Resolve client, a leading insurance company, is seeking a dynamic and analytical Qualified Actuary to join its Pricing Department within the Life & Health or Property & Casualty business. The role is central to pricing strategy, product development, risk assessment, and supporting actuarial analytics across diverse insurance portfolios.ResponsibilitiesDevelop and maintain actuarial pricing models for new and existing insurance products across Life, Health, or General Insurance linesConduct experience investigations and data analysis to inform pricing assumptions and strategyCollaborate with product development teams to design and price innovative, customer-focused insurance solutionsPerform competitor benchmarking and market analysis to support strategic pricing decisionsAssess the impact of regulatory changes (e.g., IFRS 17, SAM) on pricing models and product profitabilitySupport the implementation of pricing recommendations in operational systems and ensure accuracy in rate deploymentPrepare actuarial reports, documentation, and justifications for pricing decisions in line with governance requirementsLiaise with underwriting, sales, and distribution teams to align product pricing with business objectivesMonitor actual versus expected performance and adjust pricing models or assumptions as neededAssist in building pricing capabilities using advanced analytics and automation where appropriateParticipate in internal pricing committees and contribute actuarial insights to cross-functional discussionsEnsure pricing practices are aligned with Treating Customers Fairly (TCF) principles and risk appetite frameworks
RequirementsFellowship of the Actuarial Society of South Africa (FASSA) or an equivalent internationally recognized qualification with local validation if requiredCompletion of the full ASSA examination pathway, including Core and Specialist exams relevant to pricing (e.g. F102 - Life Insurance, F103 - General Insurance)Minimum of 3-5 years of post-qualification actuarial experience, with a strong focus on product pricing and rate development in insurance or reinsuranceProven ability to build and calibrate pricing models and tools aligned with business and regulatory objectivesStrong understanding of South African insurance regulations and frameworks relevant to pricing, including Treating Customers Fairly (TCF), SAM, and IFRS 17Familiarity with data analytics techniques to support segmentation, experience analysis, and assumption settingProficiency in actuarial and modelling tools such as Excel/VBA, R, Python, SQL, or Prophet (depending on line of business)Ability to translate technical model outputs into actionable insights for underwriting, finance, and product teamsStrong commercial awareness and ability to contribute to competitive pricing strategiesExcellent communication skills to engage effectively with internal stakeholders and regulatory bodies where neededHigh attention to detail and the ability to manage multiple pricing initiatives concurrently
BenefitsMarket-related salaryContact Hire Resolve for your next career-changing move today

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or email us your CV: * Please use "Actuary(Insurance)" as your subject line when applying via emailWe will contact you telephonically in 3 days should you be suitable for this vacancy. If you are not suitable, we will put your CV on file and contact you regarding any future vacancies that ariseHire ResolveIT/ComputerRecruiterAboutSpecialists in Civil, Structural, Mechanical Engineering, Information Technology, Mining, Manufacturing and Finance Careers! Hire Resolve is one of the larger and more agile South African recruitment companies that focus on placing professionals and skilled people in permanent employment and contract employment. We prefer and focus on working with top quality professionals and candidates in South Africa and Africa. Hire Resolve has successfully placed Engineering, Mining, IT, Manufacturing and Finance professionals with top firms across the Western Cape, Eastern Cape, KwaZulu Natal, Gauteng and in Africa. Hire Resolve has assisted candidates to find jobs at over 100 JSE listed companies of which many are global companies with offices and operations in South Africa and Africa. It is for this reason that we are well respected in the industries we operate in and in the recruitment industry.

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