ABSA Jobs in Gauteng 2022 – Pricing Actuary

Website Absa


There is an opportunity in the Absa Life Pricing Team for a structured, methodical, and technically oriented individual who is passionate about getting into the detail and taking ownership of end-to-end pricing projects. This opportunity is ideal for a colleague with a strong analytical and project management mindset who is willing to enhance their business acumen through the pricing of different products across different channels and entities.


  • Develop and socialize pricing assumptions with key stakeholders including product managers, management, reinsurance partners, risk functions, and the Head of Actuarial Function
  • Pricing of new products in line with pricing guidelines and Model Risk Standard
  • Supporting the Head of Pricing in the development, planning, and execution of the pricing deliverables
  • Managing all pricing exercises in accordance with all applicable governance processes and Standards, including engagements with the Head of
  • Actuarial Function to ensure rates are signed-off
  • Supporting the product managers and IT to ensure successful implementation of new rates
  • Investigating product performance-related issues and queries and recommending pricing solutions to product owners, product managers, and other functional areas of the business
  • Socializing new rates with product managers and business partners and supporting them in getting buy-in from management
  • Checking and reviewing colleagues’ pricing exercises to ensure accuracy of outputs for sound business decision making and ensuring a robust control environment
  • Support product managers in developing business cases and socializing them with management and business partners
  • Support product managers in designing new products or features and highlight the impact of proposals on premium rates, competitiveness, fair treatment of customers, and profitability
  • Investigate new pricing trends, and methodologies and recommend new rating factors
  • Coaching and development of junior colleagues within the team and checking an


  • Have Prophet and SQL working experience and you are keen to learn new programming languages
  • Are passionate about coaching and developing of teams
  • Have at least 3 years of life insurance pricing experience. Product development or valuation-related life insurance experience would be an added advantage
  • Have at least 2 years post qualification experience
  • Are able to work independently, are self-motivated, and passionate about executing effectively and with high quality


  • Company: Absa
  • Vacancy Type: Full Time
  • Job Location: Gauteng, South Africa
  • Application Deadline: SEE APPLICATION PAGE 

To apply for this job please visit www.linkedin.com.