Pricing Acturial Specialist

4 weeks ago

Centurion, South Africa Secondments Recruitment Full time

**Job Advert Summary**:
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 movements, data reconciliations and preparation of actuarial investigations in order to come up with a pricing basis and models for purposes of technical pricing of the company’s products for both short-term and long-term insurance businesses. Part of the function is to build and implement pricing models that include system implementation and documentation of the modelling process, monitoring loss ratios and other key performance indicators to identify opportunities to improve pricing models and/or product design features. The Pricing Actuarial Specialist will research, develop, design and enhance products (crop, agri-asset, individual life and group life) to enhance the product offering to clients, including profit testing and product management. This position will report to the Chief Actuarial Officer.

**Minimum Requirements**:
Preferred Minimum Education and Experience

Relevant 3-year qualification in Actuarial Science or Mathematical Statistics and a student member of the Actuarial Society of South Africa (“ASSA”).

At least 3 actuarial exemptions from ASSA or from an equivalent recognized professional actuarial body (e.g. Institute and Faculty of Actuaries).

2-4 years Actuarial Experience in Life and/or Short-term Insurance Industries either in product development and/or pricing. Agricultural specific insurance will be advantageous but not essential. Previous experience in a corporate (IFRS, SAM and/or ORSA) actuarial environment is advantageous but not essential.

At least 3 actuarial exemptions from ASSA or equivalent recognized professional actuarial body (e.g. Institute and Faculty of Actuaries).

Critical Competencies

Knowledge of Actuarial Software or Programme/Database (VBA, SQL, PowerBI, R, Python, Basys, Moses, Prophet, or similar)

Advanced Microsoft Office

Relevant legislation applicable to insurance companies such as the Insurance Act of 2017 and associated Prudential Standards Financial Soundness for Insurers as well as International Financial Reporting Standards (“IFR17”)

Actuarial Methodologies - Knowledge and understanding of the principles, regulations and legislation pertaining to acceptable actuarial policies

Ability to understand Financial Statements, Accounting Ratios and Risk Metrics

Short term and/or Life Insurance Corporate Actuarial (SAM, ORSA)

Short term and/or Life Insurance Product Development & Pricing

Reinsurance (short term and/or life insurance)

Predictive Analytics and/or Machine Learning

Statistical/Actuarial models and Analytical Methods

Additional Requirements

Travel as and when required

Extended hours as and when required

**Duties and Responsibilities**:
Key Performance Areas

1. Corporate Actuarial (IFRS17, SAM, ORSA)

Assist with valuations (IFRS17 and SAM), cash flow and capital models (economic capital and/or regulatory capital).

Assist with IFRS17 actuarial calculations for any new products or enhancement of products.

Calculation of actual experience compared against valuation assumptions.

Assist with solvency projections as a result of new business and/or enhanced products.

Assist with the scenario and stress tests calculations in the periodic Own Risk and Solvency Assessment (“ORSA”) process for any new business and/or enhanced products.

Assist with calculations of Embedded Value and Value of New Business periodically i.e. profit testing of new and existing products and report to the Chief Actuarial Officer.

Provide an input in periodic risk reports on technical provisions, capital requirements, key risk indicators and ORSA process.

Make an input into risk appetite metrics compared against the risk limits periodically.

Calculate the impact that the company’s strategy and corresponding financial projections will have on the company’s solvency over the business planning horizon.

2. Product Development and Pricing

Perform technical pricing on new and renewal business (crop, agri-asset and individual credit life).

Pricing of new group schemes and reviewing of existing group schemes based on claims experience.

Assist in the review and enhancement of existing products and solutions and support product development initiatives.

Assist in researching and developing new and innovative products.

Assist with product management, ensuring all product and pricing related documents for the product are reviewed and maintained appropriately.

Calculate premium discounts to be offered and justify them.

Develop and implement new rating and pricing models for existing and new products.

Perform mix of business, claims, expense, new business, lapse and loss ratio analysis.

Conduct scenario testing and sensitivity analysis of various pricing assumptions.

Calculat

  • Actuarial Pricing Specialist

    3 days ago

    Centurion, South Africa RPO Recruitment Full time

    Our client in the insurance Industry is currently seeking a skilled Actuarial Pricing Specialist to join their team of professionals in their Centurion offices. The purpose of the role is to conduct experience analyses, set new pricing bases, maintain, and develop our pricing tools and general statistical modelling in the Group Insurance. Responsibilities: ...

  • Actuarial Pricing Specialist

    1 month ago

    Centurion, South Africa Staff Solutions Full time

    Our client in the financial services industry is seeking an Actuarial Pricing Specialist to join their team in Centurion at their HQ. **Role Purpose** **Responsibilities and work outputs** - Maintain, develop, and implement market-leading Short-Term Insurance pricing models. - Explore and identify data and rating enhancements to inform pricing models. -...

  • Actuarial Pricing Specialist

    1 month ago

    Centurion, South Africa Global Talent Solutions Full time

    Actuarial Pricing Specialist - Hybrid Role Purpose **Responsibilities**: - Maintain, develop, and implement market leading Short-Term Insurance pricing models. - Explore and identify data and rating enhancements to inform pricing models. - Ownership of model performance against actual experience and acting on model weaknesses. - Developing and...

  • Fundsatwork Pricing Specialist

    4 weeks ago

    Centurion, South Africa Momentum Corporate Full time

    **Introduction** Through our client-facing brands Metropolitan and Momentum, withMultiply (wellness and rewards programme), and our others specialist brands, including Guardrisk and Eris Property Group,the group enables business and people from all walks of life to achieve their financial goals and life aspirations. **Role Purpose** **Requirements**: -...

  • Specialist: Profitability and Pricing

    4 weeks ago

    Centurion, South Africa BCXP Full time

    Business unit, Department, Reporting Business Unit Finance Department Commercial Finance Job grade/level S5 Core Description Responsible for the analysis, sales, and pricing across a portfolio of products. Develop consistent, reliable, reporting and analyses to understand and communicate trends, metrics, and indices needed to drive better planning, pricing,...

  • Specialist: Pricing

    1 month ago

    Centurion, South Africa Telkom SA Limited Full time

    **Core Description**: Provide commercial analytics to assist Openserve in making tactical and strategic business decisions with regards to product development. Benchmark market related product pricing and advise on optimal pricing structure for Openserve products and services. The role includes gathering and analysing data, formulating and testing...

  • Actuarial Specialist

    4 weeks ago

    Centurion, South Africa Planned Talent Pty (Ltd) Full time

    Are you a seasoned pricing expert seeking a fresh opportunity? Our client is a prominent non-life insurance company committed to delivering outstanding services and cutting-edge insurance solutions to their clientele. **More about the opportunity**: **Requirements**: - 5+ years of experience in non-life/general insurance actuarial pricing - Actuarial model...

  • Senior Specialist: Model Validation

    1 month ago

    Centurion, South Africa Six Sense Full time

    Gauteng, Centurion A well-established business is seeking to appoint a Senior Specialist: Model Validation Manages the independent review and validation of the models that mitigate the credit risk covering calculation pricing, credit assessment and impairments. **Qualifications & Experience**: - Relevant 4 year tertiary qualification (B Com Hon or...

  • Actuarial Specialist

    1 month ago

    Centurion, South Africa Global Talent Solutions Full time

    Actuarial Specialist - Hybrid Role Purpose To be involved in all aspects of actuarial management of a short-term insurer with a focus on pricing and product development, including business intelligence, underwriting and other ad-hoc commercial involvements. This is a broad, technical role with opportunities to develop in a range of...

  • Actuarial Specialist

    1 week ago

    Centurion, South Africa K2 Human Capital Consultancy Full time

    **Job summary **- A Client in Centurion - Gauteng is looking for an Actuarial Specialist to be involved in all aspects of actuarial management of a short-term insurer with a focus on pricing and product development, including business intelligence, underwriting and other ad-hoc commercial involvements. This is a broad, technical role with opportunities to...

  • Microsoft SAM Specialist

    4 weeks ago

    Centurion, South Africa Adzuna ZA B C2 Full time

    We pride ourselves on our culture that is made up of impeccably skilled, passionate professionals. Our team varies from veterans of the industry to fresh faced young bloods who are ready to shape the future.We currently have 2 positions available for SAM Specialist consultants.Hybrid role, head office in CenturionJob Description The Microsoft SAM Specialist...

  • Microsoft SAM Specialist

    1 month ago

    Centurion, South Africa HR Genie Full time

    We pride ourselves on our culture that is made up of impeccably skilled, passionate professionals. Our team varies from veterans of the industry to fresh faced young bloods who are ready to shape the future.We currently have 2 positions available for SAM Specialist consultants.Hybrid role, head office in CenturionJob Description The Microsoft SAM Specialist...

  • Actuarial Specialist

    4 weeks ago

    Centurion, South Africa Staff Solutions Full time

    **Gauteng**, Centurion** **(Market related)** Our client in the financial industry is seeking a Actuarial Specialist to join their team in Centurion at the HQ. **Role Purpose** **To be involved in all aspects of actuarial management of a short-term insurer with a focus on pricing and product** **development, including business intelligence, underwriting...

  • Specialist: Product Costing

    1 month ago

    Centurion, South Africa Telkom SA Limited Full time

    **Core Description**: **Competencies**: **Functional Knowlege** **Functional Skills** Business Analytics, Problem Solving; Communicating; Modelling Techniques; Accounting; Writing; Microsoft Excel; Conceptual ability; Accuracy and attention to detail; Time management; Communication, and networking capabilities. **Attitudes/ Leadership...

  • Specialist: Market Research and Product Development

    1 month ago

    Centurion, South Africa Land Bank Careers Full time

    **Job Advert Summary**: The Land and Agricultural Development Bank of South Africa (Land Bank) is South Africa’s only specialist agricultural bank established in 1912, the bank’s sole objective is to serve South African commercial and emerging farmers and bring specially designed financial services within their reach. These services enable farmers to...

  • Ops Specialist: Colocation

    4 weeks ago

    Centurion, South Africa Telkom SA Limited Full time

    **Core Description**: **Competencies**: **FUNCTIONAL KNOWLEDGE** Mast and tower industry; Telecoms industry; Business Acumen **FUNCTIONAL SKILLS** Strategic Thinking; Analytical; Influencing Techniques; Conceptual Ability; Communicating (Verbal & Written); Planning, Organising. **FUNCTIONAL ATTITUDES** Developing strategies/ Providing insights;...

  • Senior Specialist: Model Validation

    1 month ago

    Centurion, South Africa Secondments Full time

    Key Performance Areas **. Designs and manages the Governance process of the independent review and validation of company pricing, IRB credit and IFRS 9 / impairment models** - Designs an effective, systematic, disciplined approach to evaluate and improve processes and procedures for the validation of key company pricing, IRB credit and IFRS 9 / impairment...

  • Regional Manager: Momentum Wealth

    1 month ago

    Centurion, South Africa Momentum Investments Full time

    **Introduction** Through our client-facing brands Metropolitan and Momentum, with Multiply (wellness and rewards programme), and our other specialist brands, including Guardrisk and Eris Property Group, the group enables business and people from all walks of life to achieve their financial goals and life aspirations. **Role Purpose** Responsible for the...

  • Contract Specialist

    4 weeks ago

    Centurion, South Africa DYNAMIC HUMAN CAPITAL DEVELOPMENT Full time

    **1. Job Intent** **Key criteria**: - Bachelor’s degree (Essential/Minimum) - A minimum of 3 years relevant supply chain or related; procurement, contract management experience. Adept in working with MS Office, various databases and contract management systems. - Understanding of Enterprise Resources Planning and/or Cloud based procurement solutions...

  • Specialist: Market Research and Product Development

    1 month ago

    Centurion, South Africa Secondments Recruitment Full time

    **Job Advert Summary**: The company’s sole objective is to serve South African commercial and emerging farmers and bring specially designed financial services within their reach. These services enable farmers to finance land, equipment, improve assets and obtain production credit. The company provides financial services that have moved with the times and...