Senior Actuarial Pricing Analyst

2 weeks ago

Cape Town, Western Cape, South Africa RGA Full time

Position Overview

Responsibilities

  • Pricing
  • Pricing
and product development for all Retail, Funeral, and Credit Life business.

  • Analyse recent client experience to form a view on the pricing approach.
  • Determine appropriate pricing bases and perform pricing projections and calculations in Axis.
  • Conduct reasonability checks and reconciliations.
  • Perform technical and overall peer review on quotes and tenders.
  • Deliver accurate and highquality quotes in line with RGA's corporate standards and within agreed upon timelines.
  • Assist the team with ad hoc client and project queries.
  • Documentation
  • Document pricing assumptions and results adequately.
  • Complete letters of offer and treaties within agreed turnaround times.
  • Driving the approval process
  • Engage a wide range of stakeholders to ensure an efficient approval process.
  • Collaborate with Business Development, Underwriting, and Claims to produce proposals that meet our clients' needs.
  • Improving pricing efficiencies
  • Develop and maintain pricing tools to improve efficiency.
  • Team work
  • Develop and maintain positive relationships within the team and with other functions in the business to foster effective collaboration.

Requirements:

Qualifications and experience

  • Qualified or nearly qualified actuary with at least 5 years actuarial work experience.
  • Experience with retail insurance pricing or product development.
  • Expertise in experience analysis and long term cashflow modelling.
  • Advanced Excel and Word, Visual Basic, and PowerPoint.
  • Coding skills would be advantageous: VBA, R, Python or SQL.
  • Strong collaboration and project management skills.

Required aptitudes:

  • Strong analytical and conceptual thinking.
  • Ability to manage complexity and find solutions to complex problems.
  • Ability to work independently, take ownership of deliverables, and steer them to completion with minimum supervision.
  • Good verbal and written communication skills
  • Sound knowledge of the South African life insurance and reinsurance markets.
  • Flexibility and effective time management to manage multiple workstreams and meet client expectations.
  • Ability to perform under pressure.
  • Ability to deliver within prescribed timelines.
  • Balance meticulous attention to accuracy with a focus on the big picture.
  • Judgement in making practical and financially sound decisions.

Job Reference:
SA00380

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