[Hiring] Commercial Actuary @Lifecheq

Role Description

This role involves joining the Commercial team as a recently qualified actuary to bring analytical rigour to partnership and business decisions that will shape the next phase of growth.

• Insurance product development and pricing: Design and price products in partnership with insurers and reinsurers, with input from distribution partners.
• Advice practice business planning: Build and maintain financial models for franchise practices – understand unit economics, forecast growth, support business planning and forecasting.
• Remuneration and incentive design: Structure adviser remuneration models that incentivise advisers in a way that aligns with customer value with insurer economics, in line with regulations.
• Adviser productivity forecasting: Develop frameworks for assessing adviser productivity and identifying improvement opportunities. Forecast adviser performance at scale. Understand and model what drives high performing advisers.
• Partnership economics: Model VNB impacts, analyse fee structures, stress-test business cases, support deal structuring.

You'll build robust, well-documented models, apply actuarial techniques (scenario modeling, sensitivity analysis, risk quantification) to commercial decisions. You’ll work across product teams, finance, distribution, business development and translate findings into clear recommendations for senior leadership and external partners.

Qualifications

• Associate or Fellow member of the Actuarial Society of South Africa (AMASSA or FASSA), or equivalent internationally recognised qualification.
• 3–4 years experience in actuarial or commercial analysis roles.
• Demonstrated experience building and maintaining financial models.
• Exposure to insurance or financial services environments.

Requirements

• Strong quantitative problem-solving with meticulous attention to detail.
• Understand insurance and distribution economics: how insurers make money, how products are priced, how commission regulations work.
• Comfortable building models from scratch. Advanced Excel skills, some coding experience.
• Ability to translate complex technical findings into clear, actionable insights for a range of stakeholders.
• Comfortable working in a fast-paced, evolving environment where priorities shift.

Benefits

• High-ownership role with direct influence on strategic business decisions.
• Exposure to senior leadership and external partners.
• Work on product development, partnership structuring, distribution economics, and business planning – sometimes concurrently.
• Greater breadth than traditional roles typically offer.
• Tech-first company with high AI adoption embedded in daily work.
• Remote-first culture with async-optimised work.
• Competitive salary with medical and insurance benefits.
• Parental leave and flexible time-off policies.
• Collaborative, mission-driven team passionate about financial inclusion.
• Regular team off-sites and potential international travel opportunities.
• Culture of excellence, integrity, and continuous improvement.