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

• 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

• 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

Benefits

Market-related salary

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  • Apply for this role today, contact Gustav Vogel at Hire Resolve or on LinkedIn
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  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