Description:
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.Responsibilities
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Develop and maintain actuarial pricing models for new and existing insurance products across Life, Health, or General Insurance lines
-
Conduct experience investigations and data analysis to inform pricing assumptions and strategy
-
Collaborate with product development teams to design and price innovative, customer-focused insurance solutions
-
Perform competitor benchmarking and market analysis to support strategic pricing decisions
-
Assess the impact of regulatory changes (e.g., IFRS 17, SAM) on pricing models and product profitability
-
Support the implementation of pricing recommendations in operational systems and ensure accuracy in rate deployment
-
Prepare actuarial reports, documentation, and justifications for pricing decisions in line with governance requirements
-
Liaise with underwriting, sales, and distribution teams to align product pricing with business objectives
-
Monitor actual versus expected performance and adjust pricing models or assumptions as needed
-
Assist in building pricing capabilities using advanced analytics and automation where appropriate
-
Participate in internal pricing committees and contribute actuarial insights to cross-functional discussions
-
Ensure pricing practices are aligned with Treating Customers Fairly (TCF) principles and risk appetite frameworks
Requirements
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Fellowship of the Actuarial Society of South Africa (FASSA) or an equivalent internationally recognized qualification with local validation if required
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Completion of the full ASSA examination pathway, including Core and Specialist exams relevant to pricing (e.g. F102 – Life Insurance, F103 – General Insurance)
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Minimum of 3–5 years of post-qualification actuarial experience, with a strong focus on product pricing and rate development in insurance or reinsurance
-
Proven ability to build and calibrate pricing models and tools aligned with business and regulatory objectives
-
Strong understanding of South African insurance regulations and frameworks relevant to pricing, including Treating Customers Fairly (TCF), SAM, and IFRS 17
-
Familiarity with data analytics techniques to support segmentation, experience analysis, and assumption setting
-
Proficiency 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 teams
-
Strong commercial awareness and ability to contribute to competitive pricing strategies
-
Excellent communication skills to engage effectively with internal stakeholders and regulatory bodies where needed
-
High attention to detail and the ability to manage multiple pricing initiatives concurrently
Benefits
Market-related salary
-
Contact Hire Resolve for your next career-changing move today
- Apply for this role today, contact Gustav Vogel at Hire Resolve or on LinkedIn
- You can also visit the Hire Resolve website: hireresolve.us or email us your CV: gustav.vogel@hireresolve.us
- Please use " Actuary(Insurance)" as your subject line when applying via email
We 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 arise
Requirements:
-
Develop and maintain actuarial pricing models for new and existing insurance products across Life, Health, or General Insurance lines
-
Conduct experience investigations and data analysis to inform pricing assumptions and strategy
-
Collaborate with product development teams to design and price innovative, customer-focused insurance solutions
-
Perform competitor benchmarking and market analysis to support strategic pricing decisions
-
Assess the impact of regulatory changes (e.g., IFRS 17, SAM) on pricing models and product profitability
-
Support the implementation of pricing recommendations in operational systems and ensure accuracy in rate deployment
-
Prepare actuarial reports, documentation, and justifications for pricing decisions in line with governance requirements
-
Liaise with underwriting, sales, and distribution teams to align product pricing with business objectives
-
Monitor actual versus expected performance and adjust pricing models or assumptions as needed
-
Assist in building pricing capabilities using advanced analytics and automation where appropriate
-
Participate in internal pricing committees and contribute actuarial insights to cross-functional discussions
-
Ensure pricing practices are aligned with Treating Customers Fairly (TCF) principles and risk appetite frameworks
-
Fellowship of the Actuarial Society of South Africa (FASSA) or an equivalent internationally recognized qualification with local validation if required
-
Completion 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 reinsurance
-
Proven ability to build and calibrate pricing models and tools aligned with business and regulatory objectives
-
Strong understanding of South African insurance regulations and frameworks relevant to pricing, including Treating Customers Fairly (TCF), SAM, and IFRS 17
-
Familiarity with data analytics techniques to support segmentation, experience analysis, and assumption setting
-
Proficiency 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 teams
-
Strong commercial awareness and ability to contribute to competitive pricing strategies
-
Excellent communication skills to engage effectively with internal stakeholders and regulatory bodies where needed
-
High attention to detail and the ability to manage multiple pricing initiatives concurrently
-
Contact Hire Resolve for your next career-changing move today
- Apply for this role today, contact Gustav Vogel at Hire Resolve or on LinkedIn
- You can also visit the Hire Resolve website: hireresolve.us or email us your CV: gustav.vogel@hireresolve.us
- Please use " Actuary(Insurance)" as your subject line when applying via email
We 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 arise
- Apply for this role today, contact Gustav Vogel at Hire Resolve or on LinkedIn
- You can also visit the Hire Resolve website: hireresolve.us or email us your CV: gustav.vogel@hireresolve.us
- Please use " Actuary(Insurance)" as your subject line when applying via email