Senior Actuarial Pricing Specialist Jobs in South Africa

Guardrisk is looking for a Senior Actuarial Pricing Specialist to join its Structuring and Solutions team in the City of Johannesburg, Gauteng. This is a full-time, mid-senior level role in insurance and financial services. If you are an actuary with strong non-life pricing experience and a passion for structuring bespoke products, this is a senior opportunity worth a close look.

About Guardrisk and the work

Guardrisk is described in the source listing as the undisputed market leader in cell captive insurance and risk solutions. Its Structuring and Solutions team forms the key point of contact between the different segments and works on product development, pricing frameworks, and structuring initiatives. In this role, you will take accountability for product development and pricing, lead rate reviews, and act as a senior technical advisor to management and external stakeholders.

Role details

Your duties and responsibilities will include:

• Taking accountability for all product development and pricing frameworks, and structuring initiatives.
• Leading rate reviews and re-pricing exercises for the existing product suite to maintain technical soundness.
• Overseeing the assessment and approval of new product offerings, ensuring they are commercially viable.
• Reviewing and ensuring the accuracy of fellow team members’ work.
• Providing guidance to junior actuarial analysts.
• Partnering with internal teams to structure new deals, providing actuarial input on optimal underwriting.
• Investigating, quantifying, and explaining any deviations, and advising on corrective measures.
• Ensuring that all projects to be implemented adhere to audit and risk management requirements.
• Collaborating with external business support to define and develop pricing models and processes.
• Supporting clients in the design and development of bespoke products, with a focus on innovation and profitability.
• Managing financial performance reporting, including monitoring product profitability and adherence to targets.
• Acting as a senior technical advisor to management and external stakeholders, translating complex technical concepts for non-technical audiences.

The source listing notes that if you do not hear from the employer within 21 days, you should consider your application unsuccessful. No salary is stated in the source listing, so no salary figure is given here.

Requirements

• An Actuarial or bachelor’s degree with mathematics or statistics as majors.
• Associate Actuary status, or making good progress with Fellowship level exams.
• Successful completion of F103 (General Insurance Principles) or an equivalent short-term insurance exam.
• Five years of relevant work experience.
• Modelling experience and non-life pricing experience.
• Coding knowledge in SQL, Python, and R is advantageous.
• Knowledge of insurance products, contracts, and relevant industry legislation.
• Sound numerical skills and computer literacy, especially in MS Excel, MS Word, and related tools.
• Exposure to the SAM capital regime.
• The ability to examine and interpret data and provide insights, with strong technical expertise, excellent analytical and communication skills, and a results- and solution-focused approach.
• A high degree of self-motivation and the ability to work independently, with flexibility to cope with pressure and setbacks.

Where to find and apply safely

This opportunity was listed on LinkedIn Jobs. Apply only through the original listing using the Apply button on this page. Never pay a fee to apply for a job, and never share bank details, PINs, or passwords with anyone claiming to recruit for this role. A genuine employer will not ask you to pay to be considered.

Practical tips

Make your pricing and structuring experience easy to see. Highlight non-life pricing work, rate reviews you led, and any bespoke product work you supported. Mention your exam progress clearly, including F103, and list your modelling and coding experience in SQL, Python, or R. If you have worked with cell captive insurance or the SAM capital regime, put that experience front and centre.

How the process works

Use the Apply button on this page to open the original LinkedIn listing. From there, follow the employer’s application steps and submit the documents it asks for. The source listing states that if you do not hear back within 21 days, you should consider your application unsuccessful, so keep a note of the date you applied.

Important information

This post is based on the original LinkedIn listing for a Senior Actuarial Pricing Specialist at Guardrisk in the City of Johannesburg, Gauteng, for full-time work. The listing does not state a salary. Always read the original listing carefully before you apply, because the employer may update the role, requirements, or closing details at any time.

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