Pricing Actuary

3 months ago

Cape Town, 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 high-quality 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.
- Teamwork
- Develop and maintain positive relationships within the team and with other functions in the business to foster effective collaboration.

**Requirements**:

- 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.
- 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: SA00386

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