Actuarial Pricing Specialist

Role Purpose    

• The Structuring and Solutions team forms the key point of contact between the different segments and the technical support areas, focusing on client service and client solution development. This role forms part of a diverse team that includes experienced data scientists, actuarial analysts and qualified actuaries. This role will report into the Manager: Technical Pricing GGI.
• This position will be to assist with pricing, product development and providing insights to the Guardrisk General Insurance (“GGI”) business. The GGI business is a strategic aspect of the Guardrisk Insurance business as it forms Guardrisk’s own risk-taking segment of the business. The role will providing technical support in the form of pricing, product review and development of new and existing business for this business.

Requirements    

• An Actuarial or bachelor’s degree with mathematics or statistics as majors.
• Associate Actuary or making good progress with Associate level exams.
• 2-4 years' relevant work experience.
• Modelling experience.
• Coding knowledge in SQL, Python and R advantageous.
• Knowledge of insurance products, contracts and relevant industry legislations.
• Sound numerical skills and computer literacy is essential especially in the use of MS Excel, MS Word and SQL.
• Skills / Experience in data extraction would be advantageous.

Duties & Responsibilities    

• Take accountability for all product development and pricing frameworks.
• Coordination with IT, underwriters, claims teams and product owners to develop holistic understandings of various products and processes within the space.
• Support rate reviews and re-pricing exercises for the existing product suite to maintain technical soundness and market competitiveness.
• Oversee the assessment and approval of new product offerings, ensuring they are commercially viable and compliant.
• Review and ensure the accuracy of fellow team members' work.
• Improve tools and processes that monitor the accuracy of policy values.
• Investigate, quantify and explain any deviations and advise on corrective measures.
• Ensure that all projects to be implemented adhere to audit and risk management requirements.
• Collaboration with external business support to define and develop the pricing models and processes.
• Support clients in the design and development of bespoke products, with a focus on innovation, profitability, and sustainability.
• Manage financial performance reporting, including monitoring product profitability and adherence to best-practice actuarial standards.
• Act as a technical advisor to both management and external stakeholders, translating complex actuarial insights into actionable business decisions. 

Competencies    

• Ability to examine and interpret data and provide insights.
• Strong technical expertise.
• Achievement orientation.
• Effectively manage time and ensure optimal productivity.
• Excellent analytical and communication skills.
• Results and solution focused.
• High degree of self-motivation and the ability to work independent of supervision.
• Naturally inquisitive mind set, with a strong innovative tendency.
• Self Confidence.
• Flexibility to cope with pressure and setbacks.
• Delivering results and meeting expectations.

Deadline:18th October,2026