Actuarial Pricing Specialist

1 month ago

Pretoria, South Africa The Recruitment Council Full time
Job Title: Actuarial Pricing Specialist

Position Type: Permanent
Location: Centurion, Gauteng, South Africa (Hybrid/Remote option available)

Role Overview:

The Actuarial Pricing Specialist will play a critical role in pricing and managing risk for new and existing business within the Short-Term Insurance sector. This individual will be responsible for developing, implementing, and maintaining market-leading pricing models that ensure profitability and sustainability. The role requires expertise in actuarial pricing, advanced data analysis, and the ability to make data-driven decisions in a high-pressure, deadline-driven environment.

Key Responsibilities:

  • Develop and Implement Pricing Models: Design, develop, and maintain pricing models for Short-Term Insurance products. Continuously improve these models to reflect market trends, risk factors, and business objectives.

  • Enhance Data and Rating Strategies: Identify opportunities to enhance data collection methods, rating structures, and analytics processes to inform and optimize pricing decisions.

  • Monitor Model Performance: Regularly review pricing models to track their performance against actual outcomes, identifying weaknesses and making necessary adjustments to improve model accuracy and effectiveness.

  • Develop Pricing Strategies: Lead the development and implementation of pricing strategies for both new and existing products. Ensure these strategies support growth and profitability goals for the business.

  • Support Product Development: Work closely with cross-functional teams to support the development of innovative products, providing actuarial insights that drive product success.

  • Governance and Compliance: Ensure that all pricing models comply with internal governance and external regulatory standards. Implement proper procedures for pricing deployment and ongoing monitoring.

  • Data Analytics and Reporting: Utilize advanced data analytics to support business decisions, and provide clear, actionable insights for senior leadership and other stakeholders.

  • Collaboration: Collaborate with various business units, including underwriting, claims, and product development, to ensure pricing models align with overall business strategies and objectives.

Qualifications and Experience:

  • Education: Bachelors degree in Actuarial Sciences.

  • Professional Qualification: Qualified actuary or nearly qualified actuary.

  • Experience: A minimum of 5 years experience in actuarial modeling and pricing, particularly within the Short-Term Insurance industry. Preference will be given to candidates with advanced pricing and product development experience.

  • Technical Skills:

    • Proficiency in actuarial software and tools, including SQL , SAS , R , Python , and Earnix .
    • Advanced proficiency in Microsoft Excel , particularly with functions like pivot tables, data analysis, and macros.
    • Experience with large datasets and programming to extract commercial value from data.
Core Competencies:

  • Analytical Thinking: Strong analytical skills with the ability to develop and interpret complex models and data.

  • Problem-Solving: Ability to identify areas for improvement in existing models and create innovative solutions.

  • Attention to Detail: Exceptional attention to detail and accuracy when building and testing pricing models.

  • Project Management: Ability to manage multiple projects simultaneously, prioritize tasks, and meet deadlines in a fast-paced environment.

  • Communication Skills: Strong written and verbal communication skills, capable of presenting complex actuarial concepts clearly to non-technical stakeholders.

  • Initiative: Self-starter with a proactive approach to problem-solving and driving improvements within the pricing function.

Desired Skills and Attributes:

  • Passion for Short-Term Insurance (STI): Strong interest in STI products and pricing models, with a deep understanding of the dynamics that drive the market.

  • Ownership & Accountability: Ability to take ownership of projects and deliver results independently while collaborating effectively with cross-functional teams.

  • Adaptability: Ability to perform under pressure and adapt to changes in business needs or market conditions.

  • Creative & Innovative Thinking: A creative approach to pricing and risk management, always looking for new ways to enhance processes and models.

Compensation:

The role offers a competitive salary and benefits package, with performance-based incentives.

  • Actuarial Pricing Specialist

    2 months ago

    Pretoria, South Africa Jobted ZA C2 Full time

    Job Title: Actuarial Pricing Specialist Role Purpose: This role is designed for a skilled Actuarial Pricing Specialist to take charge of pricing models and manage risk for both new and existing short-term insurance products. The ideal candidate will excel in a dynamic, high-pressure environment, delivering high-quality work to meet tight...

  • Actuarial Pricing Specialist

    1 month ago

    Pretoria, South Africa Jobted ZA C2 Full time

    Job Title: Actuarial Pricing Specialist Position Type: Permanent Location: Centurion, Gauteng, South Africa (Hybrid/Remote option available) Role Overview: The Actuarial Pricing Specialist will play a critical role in pricing and managing risk for new and existing business within the Short-Term Insurance sector. This individual will be responsible for...

  • Actuarial Pricing Specialist

    2 months ago

    Pretoria, South Africa The Recruitment Council Full time

    Job Title : Actuarial Pricing Specialist Role Purpose :This role is designed for a skilled Actuarial Pricing Specialist to take charge of pricing models and manage risk for both new and existing short-term insurance products. The ideal candidate will excel in a dynamic, high-pressure environment, delivering high-quality work to meet tight deadlines....

  • Actuarial Pricing Specialist

    3 weeks ago

    Pretoria, South Africa The Recruitment Council Full time

    Job Title:Actuarial Pricing SpecialistPosition Type:PermanentLocation:Centurion, Gauteng, South Africa (Hybrid/Remote option available)Role Overview:TheActuarial Pricing Specialistwill play a critical role in pricing and managing risk for new and existing business within theShort-Term Insurancesector. This individual will be responsible for developing,...

  • Actuarial Pricing Specialist

    1 month ago

    Pretoria, South Africa The Recruitment Council Full time

    Job Title: Actuarial Pricing SpecialistPosition Type: PermanentLocation: Centurion, Gauteng, South Africa (Hybrid/Remote option available)Role Overview:The Actuarial Pricing Specialist will play a critical role in pricing and managing risk for new and existing business within the Short-Term Insurance sector. This individual will be responsible for...

  • Actuarial Pricing Strategist

    5 hours ago

    Pretoria, Gauteng, South Africa The Recruitment Council Full time

    Actuarial Pricing Specialist Job DescriptionWe are seeking a highly skilled Actuarial Pricing Specialist to lead the development and implementation of pricing models for our short-term insurance products. As a key member of our team, you will be responsible for maintaining and improving our pricing strategies to meet growth and profitability targets.About...

  • Actuarial Pricing Strategist

    1 month ago

    Pretoria, Gauteng, South Africa The Recruitment Council Full time

    Job Title: Actuarial Pricing SpecialistRole Purpose: The Recruitment Council seeks an experienced Actuarial Pricing Specialist to lead the development and implementation of pricing models for short-term insurance products. The ideal candidate will have a strong understanding of actuarial modeling and a proven track record of delivering high-quality pricing...

  • Actuarial Pricing Strategist

    4 weeks ago

    Pretoria, Gauteng, South Africa The Recruitment Council Full time

    Job OverviewThe Recruitment Council seeks a seasoned Actuarial Pricing Specialist to lead pricing initiatives and manage risk for short-term insurance products. This role demands exceptional analytical skills, attention to detail, and the ability to deliver high-quality work under tight deadlines.

  • Actuarial Pricing Specialist

    2 months ago

    Pretoria, Gauteng, South Africa The Recruitment Council Full time

    Job Title: Actuarial Pricing SpecialistRole Overview:This role is designed for a skilled Actuarial Pricing Specialist to take charge of pricing models and manage risk for both new and existing short-term insurance products. The ideal candidate will excel in a dynamic, high-pressure environment, delivering high-quality work to meet tight deadlines.Key...

  • Senior Actuarial Pricing Strategist

    2 weeks ago

    Pretoria, Gauteng, South Africa The Recruitment Council Full time

    **Job Title:** Senior Actuarial Pricing StrategistCompany Overview:The Recruitment Council is a leading provider of recruitment solutions for the insurance industry. We are currently seeking an experienced Actuarial Pricing Specialist to join our team.Estimated Salary: $120,000 - $180,000 per annumJob Description:We are looking for a highly skilled Actuarial...

  • Actuarial Pricing Expert

    4 days ago

    Pretoria, Gauteng, South Africa The Recruitment Council Full time

    Job Title: Actuarial Pricing ExpertEstimated Salary: R1,200,000 - R1,800,000 per annumThe Recruitment Council seeks a skilled Actuarial Pricing Expert to join our team in Centurion, Gauteng. As a key member of our pricing team, you will play a critical role in developing and maintaining market-leading pricing models for our Short-Term Insurance...

  • Actuarial Analyst

    2 weeks ago

    Pretoria, Gauteng, South Africa Goldman Tech Resourcing Full time

    We are seeking an experienced Actuarial Analyst to join our team in Gauteng. The successful candidate will have nearly or newly qualified actuary status and at least 5 years of experience in short-term or general insurance, specifically in product development and pricing.Key Responsibilities:Develop and implement pricing models using data management software...

  • Actuarial Pricing Model Developer

    3 weeks ago

    Pretoria, Gauteng, South Africa The Recruitment Council Full time

    Job Title: Actuarial Pricing Model DeveloperThe Recruitment Council is seeking an experienced Actuarial Pricing Model Developer to join our team in Centurion, Gauteng, South Africa. The successful candidate will play a critical role in pricing and managing risk for new and existing business within the Short-Term Insurance sector.Overview of the Role:This...

  • Strategic Actuarial Pricing Expert

    1 month ago

    Pretoria, Gauteng, South Africa The Recruitment Council Full time

    **Job Summary:**We are seeking a highly skilled Strategic Actuarial Pricing Expert to join The Recruitment Council team in Centurion, Gauteng. As a key member of our team, you will play a critical role in developing and implementing pricing models for Short-Term Insurance products.Key Responsibilities:Develop and implement pricing models that ensure...

  • Actuarial Analyst

    6 months ago

    Pretoria, South Africa Tipp Focus Full time

    **The purpose of the job**: It 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...

  • Pricing Risk Manager

    4 days ago

    Pretoria, Gauteng, South Africa The Recruitment Council Full time

    Pricing Risk Manager Job DescriptionJoin The Recruitment Council as a Pricing Risk Manager and contribute to our mission to deliver innovative pricing solutions for our clients. As a key member of our pricing team, you will be responsible for managing risk and ensuring that our pricing models meet the highest standards of accuracy and effectiveness.About the...

  • Senior Product Specialist

    6 months ago

    Pretoria, South Africa To The Point Recruitment Full time

    Associate or a newly qualified Actuary - Must have a min of 4 years of experience in financial services - Understanding of pricing and valuations of or annuity products - Expertise and experience with guaranteed annuity products - Qualifications: Bcom Actuarial Science or Bcom Honours Actuarial Science ( Non - Negotiable) **Job Types**: Full-time,...

  • Actuarial Specialist

    6 months ago

    Pretoria, South Africa Mass Staffing Projects Full time

    **Job Information** - Location- Pretoria- Salary- R850k - R750K- Job Type- Permanent- Education- Actuarial Sciences degree (essential)/ FASSA- Experience- 8-10- Reference- AA190721JP- - finance.jobs(at)staffingprojects.co.za- Fax- 0865728847**Job Description**: Our client is currently seeking an actuarial specialist to support the Actuarial Manager with the...

  • Actuarial Professional

    1 month ago

    Pretoria, Gauteng, South Africa People Dimension Full time

    Job Title: Healthcare Actuary SpecialistAt People Dimension, we are seeking a skilled Healthcare Actuary Specialist to join our team. The core responsibilities of this role include providing technical input on healthcare and ancillary products and services strategies, as well as their design, development, and implementation.Key Responsibilities:Rendering...

  • Data-Driven Actuarial Specialist

    2 weeks ago

    Pretoria, Gauteng, South Africa Momentum Metropolitan Holdings Limited Full time

    Momentum Metropolitan Holdings Limited seeks an experienced Data-Driven Actuarial Specialist to join their team in Gauteng. The successful candidate will possess a BSC Actuarial degree and have passed or have exemption for at least 6 CT actuarial exams or equivalent qualification.Key Responsibilities:Perform monthly capital calculations for Guardrisk and its...