Pricing Actuarial Specialist
4 days ago
**Purpose of the role**:
As the Pricing Specialist, you will be reporting into the RML: Head of Actuarial. You will be responsible for the development and maintenance of life pricing models and providing actuarial support and insights to the Life business.
**What you will do?**
- Actuarial business support
- Price new Group and Individual life products
- Experience analysis and basis review of existing products
- 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 pricing and quote models
- Bespoke pricing on large Group schemes
- Develop and maintain pricing specifications
- Reporting and stakeholder management
- Regulatory compliance
- Staff mentorship
- Assist, participate in or provide related support for any ad hoc projects as and when required.
**Requirements**:
- NQF Level 7: Bachelor’s degree - Actuarial Science
- Newly/nearly qualified actuary, but consideration would be given to experience
- Minimum 6 years’ experience in group or individual life risk products
- Strong modelling skills including experience in performing statistical investigations and building pricing / predictive models
- Insurance knowledge is essential
- Product development experience
- Knowledge of the Insurance Acts (long and short term), regulatory and industry guidelines, including IFRS17
- Advanced MS Excel
- Intermediate programming capability VBA, R or Python
- Experience developing and implementing pricing models
- Excellent communication skills - report writing and presentation skills
**Job Types**: Full-time, Permanent
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