Short Term Actuary â?? Pricing & Product Development Focus

Midrand, Johannesburg, South Africa

Job Description

SUMMARY:
Are you a technically skilled Actuary with a passion for short-term insurance pricing and product development? A well-established and innovative player in the insurance sector is seeking a Short-Term Actuary to drive pricing strategy and support product development within a collaborative, fast-paced actuarial environment. This role offers the chance to take ownership of pricing models, influence product innovation, and work closely with cross-functional teams across underwriting, product, and finance.
POSITION INFO:
Short-Term Actuary - Pricing & Product Development Focus
Key Responsibilities:

  • Develop and enhance pricing models for short-term
products using actuarial best practices and advanced statistical techniques. * Conduct rate reviews and re-pricing exercises to ensure technical soundness and market competitiveness.
  • Support product development by delivering actuarial insights on new and existing offerings.
  • Collaborate with underwriting and product teams to shape product structures and pricing strategies.
  • Provide input into reserving and capital modeling activities for non-life portfolios.
  • Deliver performance analysis and pricing recommendations to senior management and stakeholders.
  • Contribute to the broader actuarial strategy, including reinsurance assessments and regulatory reporting (e.g., IFRS 17).
What You'll Need:
  • Nearly or newly qualified Actuary (FASSA or equivalent).
  • Minimum of 3 year actuarial experience in the short-term (non-life) insurance space, with a solid foundation in pricing.
  • Proven experience in pricing model development and calibration using tools like Emblem, ResQ, or similar.
  • Strong technical skills in Python, R, SQL, or other actuarial/statistical programming languages.
  • In-depth understanding of GLMs, rating structures, and actuarial pricing frameworks.
  • Excellent communication skills with the ability to translate technical findings into actionable business insights.
  • A proactive and innovative mindset, with a strong team-oriented approach.
Why Join?:
  • Strategic ownership of pricing across key short-term insurance portfolios.
  • Hybrid working environment - Combine flexibility with in-office collaboration.
  • Work for a forward-thinking insurer with a strong focus on innovation, technology, and continuous improvement.
  • Exposure to end-to-end product development and business decision-making.
  • Be part of a talented, high-performing actuarial team that values insight, growth, and delivery.
If you are interested in this opportunity, please apply directly to
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Job Detail

  • Job Id
    JD1455825
  • Industry
    Not mentioned
  • Total Positions
    1
  • Job Type:
    Full Time
  • Salary:
    Not mentioned
  • Employment Status
    Permanent
  • Job Location
    Midrand, Johannesburg, South Africa
  • Education
    Not mentioned