Pricing Actuary

1 month ago

Sandton, South Africa Scor Full time
Job Description

As part of this role, the key areas you will be involved in are as follows;
  • Involvement in all pricing activities in the Life & Health domain in South Africa
  • Assist in development of best-in-class bases
  • Involvement in product development and product enhancements for life insurance products
  • Pioneering thought leadership in (re)insurance industry
  • Involvement in client relationship building from a technical perspective


Responsibilities

Pricing
  • New and existing business pricing for all lines of life insurance business (Retail, Group, Credit Life, Financial Solutions)
  • Involvement in client tender pricing and proposals
  • Experience investigations (incidence and terminations)
  • Lapse investigations
  • Group facultative reinsurance quotations


Basis Development

  • Internal basis development for all life insurance products
  • Using modelling techniques to propose bases

Product Development
  • Assisting in developing new products and/or product enhancements

Thought Leadership
  • Thought leadership in insurance industry
  • Research and data analytics
  • Involvement in client seminars, industry events and various publications

Client relationships
  • Fostering positive client interactions in the day-to-day work, thought leadership, and through supporting the Business Development team where necessary.


Qualifications

We are ideally looking for candidate who have the following experience and competencies.

Essential
  • Previous working experience in the Life (re-)insurance industry.
  • Excellent knowledge of Microsoft packages (particularly Excel)

Desirable
  • Experience of coding
  • Strong technical, analytical and modelling skills.
  • Takes accountability and can work independently.
  • Produces a high standard of work with an appropriate level of attention to detail.
  • Strong initiative and ability to manage multiple projects.
  • Have an ability to network and cultivate relationships
  • Strong decision making abilities

Personal Competences
  • Excellent technical and analytical skills
  • Attention to detail
  • Good communication skills
  • Self-motivated and pro-active
  • Ability to work autonomously
  • Flexible
  • Innovative
  • Team spirit

Education

Essential
  • Recently qualified Actuary / Very nearly qualified
  • Good working knowledge of MS Excel, Word and VBA.

Desirable
  • Good working knowledge of any of the following: SAS, R, Python, SQL.


About Us

SCOR, the 4th largest reinsurer in the world, provides insurance companies with a diversified and innovative range of solutions and services to control and manage risk. Leveraging experience and expertise to deliver "The Art & Science of Risk", SCOR provides cutting-edge financial solutions, analytics tools and services in all areas related to risk - from Life & Health and Property & Casualty insurance to Investments. Our specialized teams operate in over 160 countries, fostering long-term relationships with clients.

In order to provide our clients with a broad range of innovative reinsurance solutions, SCOR pursues an underwriting policy that is founded on profitability and supported by effective risk management strategy and a prudent investment policy. This approach allows us to offer clients an optimum level of security, to create value for shareholders, and to contribute to the welfare and resilience of society by helping to protect insureds against the risks they face.

At SCOR, we believe that employing people from different backgrounds and ensuring inclusivity is a major driving force for the success of the Group. We are committed to fostering a work environment in which all employees are treated fairly and respectfully, have equal access to opportunities and resources, and can contribute fully to SCOR's success.

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