Senior Pricing Actuary

6 days ago

Bellville, South Africa Sanlam Group Full time
What will you do?

Santam is looking for a passionate and energetic individual for a position as Senior Pricing Actuary who will be based in Tygerpark, Bellville. This exciting opportunity is available within Santam RE: Underwriting.

What will make you successful in this role?

To assist in the management of reinsurance pricing activities. Reinsurance pricing is a key activity in underwriting of reinsurance treaties. Before any reinsurance treaties are accepted it must go through a vigorous pricing analysis.

KEY ACCOUNTABILITIES:
  • Ongoing training of interpretation of data & pricing principles.
  • Pricing of Santam Re's larger contracts and complicated reinsurance treaties
  • Maintenance and development of Santam Re pricing tools
  • Research and development of reinsurance portfolio optimisation
  • Develop a detailed understanding of Santam Group, Santam Re and New Re underwriting guidelines.
  • Review pricing assumptions and output produced by underwriting team
  • Review slip checks and underwriting guideline checks performed by underwriters
  • Work with reserving team to determine profitability by business segment on a quarterly basis
  • Visit markets to form general underwriting and pricing views of the markets.
  • Develop and maintain dashboards for underwriters and client relationship managers for market visits.


Qualifications & Experience

  • Qualified Actuary is preferred otherwise close to qualification
  • A minimum of 3 years' experience in reinsurance pricing (preferably 5 years)


Skills

  • Understanding of how risk is shared between insurer and reinsurer on various types of
  • reinsurance contracts is critical.
  • Strong analytical and problem-solving skills, with proficiency in mathematical/statistical
  • techniques and software tools (e.g., Excel, Access, VB, SQL). Ability to collate statistical data
  • analytics.
  • Knowledge of actuarial principles, insurance/reinsurance concepts, and risk management
  • frameworks.
  • Prior experience in reinsurance actuarial work
  • Strong written and verbal communication skills.
  • Ability to build and maintain good internal and external relationships.
  • Strong presentation skills.
  • Ability to conduct self in a professional manner at all times.
  • High degree of self-management, displaying an organised and measured approach to the
  • workload and the clients - strong planning and organising skills


Competencies

  • Cultivates Innovation - Creating new and better ways for the organisation to be successful.
  • Client Focus - Building strong customer relationships and delivering customer-centric solutions.
  • Drives Results - Consistently achieving results, even under tough circumstances.
  • Collaborates - Building partnerships and working collaboratively with others to meet shared
  • objectives.
  • Flexible and Adaptable (Being Resilient) - Rebounding from setbacks and adversity when facing
  • difficult situations.
  • Problem Solving Recognized as an expert problem-solver and troubleshooter. Decisions
  • supported by sound judgment and proven results.
  • Risk Management - Demonstrates the uppermost levels of expertise in risk management in
  • challenging and complex situations for critical problems affecting key operations.
  • Business knowledge and analysis Extensive knowledge of the entire business.
  • Negotiating - Capable of building trust and gaining commitment in hostile and volatile
  • environments in order to achieve results.

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