Job Description

Head: Non-Life Pricing & Structuring

Role and Responsibilities

• Provide strategic leadership to the Non-Life Pricing & Structuring (Cell Captive) team, ensuring alignment with broader business objectives.

• Take accountability for all product development, pricing frameworks, and structuring initiatives across the CRS and VUMA portfolios.

• Review, approve, and sign off on pricing models for new and existing products, ensuring compliance with regulatory, professional, and internal governance standards.

• Lead 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.

• Partner with internal teams to structure new deals providing actuarial input on optimal underwriting and capital structuring solutions tailored to client needs.

• 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 senior technical advisor to both clients and internal stakeholders, translating complex actuarial insights into actionable business decisions.

Qualifications and Skills

Educational Background

• Qualified or nearly qualified actuary (FASSA or equivalent international designation).

• Successful completion of F103 (General Insurance Principles) or equivalent short-term insurance exam.

• Bachelors or Honours degree in Actuarial Science, Mathematics, Statistics, or a related field (NQF Level 7+).

Technical Expertise

• Minimum of 5-8 years experience in the non-life (short-term) insurance industry.

• Strong working knowledge of actuarial pricing techniques and product structuring principles.

• Exposure to the SAM capital regime.

Analytical & Problem-Solving Skills

• Exceptional analytical thinking and lateral problem-solving capabilities.

• Comfortable working with diverse actuarial models and approaches.

• Ability to work accurately under pressure, manage multiple priorities, and meet tight deadlines.

Leadership & Communication

• Proven leadership experience with the ability to lead and mentor a high-performing technical team.

• Excellent written and verbal communication skills, with the ability to explain technical concepts to non-technical stakeholders.

• Strong interpersonal and stakeholder engagement skills, with the ability to build trusted internal and external relationships.

• Self-starter with the ability to take initiative, adapt to change, and operate with minimal supervision.

Collaboration & Innovation

• Collaborative mindset with a willingness to work across functions and with diverse teams.

• Innovative thinker with a strategic and commercial orientation.

• Strong organisational skills and the ability to deliver structured, well-documented work outputs.

• Ability to network and consult across all levels of the organisation and with clients on technical structuring matters.