Job Description

SUMMARY:
Head: Actuary non-life
POSITION INFO:
Role Overview:
We are looking for an experienced actuarial leader to head the Non-Life Pricing & Structuring function. This strategic role is responsible for driving product development, pricing strategies, and structuring initiatives across the CRS and VUMA portfolios. The successful candidate will play a key role in ensuring the technical integrity, regulatory compliance, and commercial viability of our non-life offerings. hr data-start="841" data-end="844" />
Key Responsibilities:
Strategic Leadership
Provide strategic direction to the Non-Life Pricing & Structuring team, ensuring alignment with overall business objectives and market strategy.
Product & Pricing Oversight
Lead the development and refinement of product pricing models across new and existing non-life insurance offerings.
Review and approve pricing frameworks to ensure consistency with internal governance, regulatory requirements, and actuarial best practice.
Portfolio Management
Conduct regular rate reviews and repricing exercises to ensure technical soundness and maintain market relevance of existing products.
Product Development & Innovation
Evaluate and approve new product proposals, ensuring they meet profitability targets and comply with regulatory expectations.
Collaborate with internal stakeholders to co-create and launch innovative, tailored insurance solutions.
Deal Structuring & Client Engagement
Work closely with business development and underwriting teams to structure bespoke deals and capital-efficient underwriting models.
Provide actuarial expertise in structuring client-specific insurance and risk transfer solutions.
Performance Monitoring & Reporting
Oversee the monitoring of product performance, profitability metrics, and ensure alignment with best-practice actuarial standards.
Advisory & Technical Leadership
Serve as a senior technical advisor, translating complex actuarial models into actionable insights for both internal teams and external clients.
Qualifications & Experience:
Qualified or nearly qualified actuary (FASSA or internationally recognised equivalent)
Successful completion of F103 (General Insurance Principles) or equivalent short-term insurance exam
Bachelor's or Honours degree in Actuarial Science, Mathematics, Statistics, or a related quantitative discipline (NQF Level 7 or above)
5-8 years' experience in the short-term (non-life) insurance sector
Proven expertise in pricing methodologies, product structuring, and actuarial modelling
Exposure to the SAM (Solvency Assessment and Management) regime
Key Competencies:
Strong leadership and team management capabilities
Deep technical actuarial knowledge with a commercial mindset
Excellent communication and stakeholder engagement skills
Analytical thinker with sound judgement
Ability to drive innovation in a regulated environment