Please login/register to apply for this job.
21 Apr 2025

Full-Time Senior Pricing Actuarial Analyst – Standard Bank Careers

Standard Bank – Posted by Joblink24 –  Roodepoort, Gauteng, South Africa

Job Description

Standard Bank Careers – Senior Pricing Actuarial Analyst

Standard Bank is seeking a skilled and driven Senior Pricing Actuarial Analyst to lead the development, maintenance, and implementation of cutting-edge pricing models within its short-term insurance division. This role will play a vital part in driving profitability, supporting new product development, and embedding pricing requirements into policy administration systems.

As a key member of the actuarial team, you will focus on technical, retail, and expense modelling, while contributing to system implementations and ensuring monitoring frameworks are in place. You will work closely with management and various stakeholders to support strategic objectives and innovation in the insurance pricing landscape.

Minimum Qualifications

  • 3-year BSc, 4-year BBusSc, or BCom with actuarial majors

  • Honours degree is advantageous

  • Minimum of 6 actuarial exam passes

  • Member of the Actuarial Society of South Africa or the Institute and Faculty of Actuaries

Experience Requirements

  • 4–7 years of experience in short-term insurance pricing

  • Background in handling large datasets and analytics

  • Practical knowledge of pricing model development and implementation

  • Experience working with policy admin systems, rating engines, or claims systems

Key Responsibilities

  • Lead technical and retail pricing initiatives

  • Develop and refine market-leading pricing models

  • Implement pricing structures in policy admin systems

  • Contribute to the development of innovative insurance products

  • Set up monitoring frameworks for pricing and performance

  • Work collaboratively across teams to meet financial and strategic targets

Knowledge and Skills

  • Strong understanding of short-term insurance products, pricing techniques, and business dynamics

  • Solid grasp of financial statements, actuarial control cycles, and product development

  • Familiarity with the FSCA regulatory landscape and South African insurance regulations

  • Knowledge of economic factors impacting short-term insurance

  • System implementation knowledge is a key advantage

Behavioural Competencies

  • Strong attention to detail and analytical mindset

  • Ability to manage multiple projects and deadlines

  • Proactive, self-motivated, and results-driven

  • High integrity, professionalism, and collaborative spirit

  • Excellent verbal, written, and presentation communication skills

Technical Competencies

  • Proficient in Microsoft Office

  • Skilled in actuarial software tools such as Emblem, Radar, Earnix

  • Preferred experience with SAS statistical package

If you’re ready to lead innovation in pricing and contribute to impactful insurance solutions, join Standard Bank as a Senior Pricing Actuarial Analyst and be part of a forward-thinking team shaping the future of financial services.

APPLY NOW

157 total views, 5 today

Apply for this Job