Actuarial Pricing Specialist

2 weeks ago

Johannesburg, Gauteng, South Africa Innovation Group Full time

If you are a strategic thinker with a passion for actuarial science and a drive to make a significant impact, join our team as an Actuarial Pricing Specialist In this role, you will develop and maintain pricing models, analyze product pricing and profitability, plan and manage product concept projects, and leverage data and market insights to inform strategic recommendations. If you have a strong analytical mindset and experience in predictive analytics, we want to hear from you

Minimum requirements

BSc (Actuarial Mathematics) / BSc (Actuarial Science) or similar degree and registered with a recognized actuarial institute. Core Principles: CT1-CT9/A100's; A200's and A401/CM1-2; CB1-3; CS1-2 Completed at least two Core Practice Modules CA1/(A301), and/or one Specialist Principles examination preferable F103/ST3 General Insurance or ST8/SP8 General Insurance Pricing A minimum of 3 years pricing experience Pricing experience in the short-term Insurance Industry or automotive value add products will be an advantage

Responsibilities

Determine pricing for regulated and non-regulated products and ensure they are accurate, competitive, and profitable. Develop, Maintain and Update pricing methodology and pricing models for different type of channels, clients and products and their respective scenarios. Analyse the cause of loss ratio and other relevant factors to be able to provide recommendations and assumptions for pricing models. Continuously track product and client profitability and detailed tracking of the revenue and costs by understanding of all the levers of profitability and executing appropriately to pull these levers. Strategy formulation and execution including Implementing new pricing methodology and concepts in response to the change in market Understand the overall business and drive customer service culture within the organization. Meeting deliverables agreed in SLA or personal measurements. Adhering to the Customer Experience (Internal and External) Provide insights on sales, retentions and strategies to improve customer products. Develop actionable plans to drive up National Insurance Repository (NIR) and to reduce direct and transfer pricing expenses by understanding transactional behaviour and driving changes in this base to reduce channel costs. Ensure continuous analysis/understanding of Innovation Group value proposition (pricing, rewards, product features) relative to the competition and enhancing the product to drive market share growth through tacking market share and developing actionable plans to reach our market share targets and continuous tracking and optimization of product sales across channels. Work with the Sales team, the Customer Value Management team, the Channel Development team, Marketing team and the Analytics team to drive appropriate actions. Present data analytics and provide recommendations to corporate and management. Governance & Controls: Adhere to Pricing Governance Framework, including processes and required sign-off. Forums that will ensure principles are monitored. Create a culture of ownership and accountability throughout the organisation in support of our company values. Have confidence, ownership and accountability for work product and work submissions. Ensuring Learning and Development plans are in place and are measured. Cross skilling in terms of other positions within the team Keeping up to date with legislation and regulatory requirements Oversee the applicable activities within pricing team to ensure effective delivery of business outcomes. Create effective workforce plans to ensure that current and future business requirements can be met. When required, adhere to performance management

What we offer

Permanent contract A competitive salary Access to medical aid and provident fund Continuous learning and training. Hybrid Working Opportunities

  • Actuarial Specialist

    2 weeks ago

    Johannesburg, Gauteng, South Africa Edge Executive Search Full time

    Actuarial Specialist Permanent Tea00010 Banking Gauteng, JHB Central Annually Cost To Company (Negotiable) The role of the Pricing Actuarial Specialist is to support the Head: Actuarial Short Term & Life with all product development and pricing functions. The Pricing Actuarial Specialist will clean, consolidate, validate and analyse data including policy...

  • Head of Actuarial and Pricing

    2 weeks ago

    Johannesburg, Gauteng, South Africa CA Global Headhunters International Full time

    Job Description:Nature & Scope:Our client is currently seeking to employ a Head of Actuarial and Pricing to be based in Johannesburg, South Africa.The incumbent will be responsible for the following: Leading a team of actuaries Creating new and innovating retail investment products Integrating the products with the broader group where applicable Ideation of...

  • Actuarial Specialist

    2 weeks ago

    Johannesburg, Gauteng, South Africa Network Recruitment Full time

    As an Actuarial Specialist with us, you'll be at the forefront of our pricing strategies, utilizing your expertise to ensure our products are competitive and profitable. Your keen analytical skills will be put to the test as you delve into data, conduct risk assessments, and develop pricing models that align with our business objectives. Bachelor's degree in...

  • Actuarial Specialist

    2 weeks ago

    Johannesburg, Gauteng, South Africa Adept Advisory (Pty) Ltd Full time

    Are you an accomplished and driven Actuarial Specialist seeking a new challenge?Minimum of 5+ years' experience as an ActuarialPrevious experience in pricing and product development will be advantageousMust be competent in Excel, SQL and SASGreat stakeholder engagement capabilitiesBSc Actuarial DegreeQualified ActuaryMust be able to perform all actuarial...

  • Actuarial Specialist – Product and Pricing

    2 weeks ago

    Johannesburg, Gauteng, South Africa Specd Full time

    **JOB DESCRIPTION: Job Title:Actuarial Specialist Product and PricingLocation: JohannesburgDuration: PermanentKEY RESPONSIBILITIES: Provide insights on various actuarial metrics to the executive and management team Assist in product development and pricing modelling process and implementation Develop and maintain and pricing models Reporting and stakeholder...

  • Head of R&d Pricing and Actuarial

    2 weeks ago

    Johannesburg, Gauteng, South Africa Psybergate Full time

    What you will be doing: Leading a team of actuaries Creating new and innovating retail investment products Integrating the products with the broader company where applicable Ideation of and research into new innovations, and delivering the required technical actuarial and documentation work for new products and enhancements for product launches, from the...

  • Pricing Actuary

    2 weeks ago

    Johannesburg, Gauteng, South Africa Network Recruitment Full time

    This role offers both challenge and reward, involving work across various life insurance product lines for the Reinsurer and its diverse client base. You will be tasked with the following:Preparing quotes for new business and reviewing existing business for Group and Individual Life across multiple product linesYou'll support the analysis and assessment of...

  • Pricing Actuary

    2 weeks ago

    Johannesburg, Gauteng, South Africa Network Recruitment Full time

    This role offers both challenge and reward, involving work across various life insurance product lines for the Reinsurer and its diverse client base.You will be tasked with the following:Preparing quotes for new business and reviewing existing business for Group and Individual Life, across multiple product lines Supporting the analysis and assessment of Life...

  • Actuarial Analyst

    2 weeks ago

    Johannesburg, Gauteng, South Africa Moving Heads Personnel Full time

    EXPERIENCE IN THE FINANCIAL SERVICES/INSURANCE INDUSTRY IS ESSENTIALResponsible for carrying out technical actuarial work, often using complex systems and packages and for signing off work of more junior actuarial specialists. Second line reviews in pricing and product development. Carries out technical actuarial work, often using complex systems and...

  • Actuarial Analyst

    2 weeks ago

    Johannesburg, Gauteng, South Africa Communicate Recruitment Full time

    Our client, a well-established life insurance company, is looking for an Actuary who has experience with life insurance products and pricing.Job & Company Description:A position is available for a motivated and innovative individual to be a part of their solution-driven team. The role involves technical pricing tasks for multiple products, assisting in...

  • Actuarial Specialist

    2 weeks ago

    Johannesburg, Gauteng, South Africa Belmar Personnel Full time

    Rosebank Non-Life and a bit of life experience requiredThe CompanyA specialist cell captive insurance company, operating in the corporate risk finance, alternative distribution and underwriting management agencies sectors. A young, vibrant and innovative company with both a non-life and life cell captive license. Provide business partners and insurance...

  • Actuarial Specialist: Corporate Actuarial

    2 weeks ago

    Johannesburg, Gauteng, South Africa Absa Bank Limited Full time

    Bring your possibility to life Define your career with us With over 100 years of rich history and strongly positioned as a local bank with regional and international expertise, a career with our family offers the opportunity to be part of this exciting growth journey, to reset our future and shape our destiny as a proudly African group.Job SummaryOverall job...

  • Head of Pricing

    2 weeks ago

    Johannesburg, Gauteng, South Africa The Vine Partners Full time

    Job Description:We are a prominent commercial risk specialist in Southern Africa focused on proactive risk management and exceptional customer service. Leveraging our extensive industry insights and specialized knowledge, we collaborate with clients and brokers to protect their businesses and elevate their risk profiles across the region. Our approach to...

  • Actuarial Specialist

    2 weeks ago

    Johannesburg, Gauteng, South Africa Adept Advisory (Pty) Ltd Full time

    Job Summary:Key Responsibilities:Conduct comprehensive actuarial analyses to assess the financial stability and profitability of life insurance products for various clients.Develop and maintain pricing models, valuation models, and financial projections tailored to client needs.Analyze and interpret complex data to provide actionable insights and...

  • Actuarial Specialist

    2 weeks ago

    Johannesburg, Gauteng, South Africa Specd Full time

    JOB DESCRIPTION INFORMATION:Job Title: Actuarial Specialist - ValuationsEmployment Type: PermanentWork Location: JohannesburgKEY RESPONSIBILITIES:Providing actuarial business support to the group.Preparing monthly valuation data.Handling actuarial specific areas in all Group regulatory returns.Managing ORSA and SAM reporting.Ensuring valuation data integrity...

  • Actuarial Analyst

    2 weeks ago

    Johannesburg, Gauteng, South Africa Molemo Talent Solutions Full time

    The purpose of the job is to analyse data and derive insights utilising statistical and actuarial models to inform product development, benefits design and pricing within the CMS and the healthcare industry. As an Actuarial Analyst you will beresponsible to: Research and advocate various policy issues and concepts to help improve the healthcare system...

  • Senior Actuarial Specialist

    2 weeks ago

    Johannesburg, Gauteng, South Africa Antal International Network Full time

    Exciting Opportunity: Senior Actuarial Professional A reputable consulting firm is seeking a seasoned Actuarial Expert with extensive experience in Life insurance. This position involves overseeing and executing actuarial initiatives, supporting senior leaders, and contributing to strategic business development.Qualifications:Degree in Actuarial Science or...

  • Technical Pricing Team Actuarial Analyst

    2 weeks ago

    Johannesburg, Gauteng, South Africa Goldman Tech Resourcing Full time

    Job Information Location Johannesburg Salary R1.3 million R1 million Job Type Permanent Education Nearly qualified actuary Experience 4+ years relevant experience in Life reinsurance or insurance business Reference HK4 finance.vacancystand Fax 0Are you an Actuarial Analyst in the Life Insurance space looking for a new opportunity? We have an amazing...

  • Actuarial Product Specialist Cape Town

    2 weeks ago

    Johannesburg, Gauteng, South Africa The Recruitment Council Full time

    Our client is recruiting for an Actuarial Product Specialist. The purpose of this role is to perform actuarial product development tasks as well as product and risk management of all retail risk, annuities and savings products for a number of African subsidiaries.The incumbent will form part of the team responsible for: Product design, Setting the risk...

  • Actuarial Analyst

    2 weeks ago

    Johannesburg, Gauteng, South Africa Boikago Group Full time

    ACTUARIAL ANALYSTThe purpose of the job is to analyse data and derive insights utilising statistical and actuarial models to inform product development, benefits design and pricing within the company and the healthcare industry.As an Actuarial Analyst you will be responsible to: Research and advocate various policy issues and concepts to help improve the...