Actuarial Manager

Purpose of the Role:

Our Actuarial Manager role is focused on delivering hands-on pricing and product development leadership within Dis-Chem Life’s R&D and Product environment. The role is designed for an actuary who combines strong technical pricing expertise with growing ownership, influence, and people leadership.

At Dis-Chem Life, Actuarial Managers remain deeply embedded in technical work while expanding their impact across product strategy, pricing governance, and cross-functional delivery. This is not a removed or purely managerial role, it is for an actuary who thrives in designing products, building pricing models, interrogating assumptions, and shaping real commercial outcomes, while also contributing to team leadership and capability building.

The role supports Dis-Chem Life’s ambition to develop innovative, customer-centric life insurance products by combining strong actuarial foundations with commercial thinking, collaboration, and disciplined execution.

Role Summary

As our Actuarial Manager you will take end-to-end actuarial ownership of specific product lines or initiatives, from concept and pricing design through to governance, monitoring, and optimisation.

You will remain highly involved in technical pricing, modelling, and assumption setting, while also acting as a key interface between Product, R&D, Finance, Risk, and Technology. The role requires a balance of deep actuarial expertise, structured thinking, and growing leadership capability.

This role is suited to a qualified Fellow with strong experience in pricing and product development who is ready to broaden scope, accountability, and influence while remaining deeply involved in technical actuarial work.

Key Responsibilities:

Product Development and Strategic Leadership

• Lead the design, enhancement, and optimisation of life insurance products across the value chain.
• Own product pricing strategies, ensuring alignment with customer needs, commercial objectives, and risk appetite.
• Partner with R&D, Marketing, Distribution, Operations, Finance, and Technology to deliver integrated product solutions.
• Provide strategic actuarial input into new product launches, enhancements, and market expansions.
• Translate complex actuarial insights into clear, actionable business recommendations.

Pricing, Profitability and Risk Oversight

• Take full accountability for pricing models, assumptions, and governance frameworks.
• Ensure products meet profitability, sustainability, and capital efficiency targets.
• Review and approve pricing bases, experience investigations, and assumption updates.
• Oversee underwriting, mortality, morbidity, and lapse risk assessments.
• Support enterprise risk management through actuarial insight and scenario analysis
  
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