Senior Pricing Actuary

7 months ago

Bellville, South Africa Sanlam Full time

**What will you do?**

Santam is looking for a passionate and energetic individual for a position as Senior Pricing Actuary who will be based in Tygerpark, Bellville. This exciting opportunity is available within Santam RE: Underwriting.**What will make you successful in this role?**
- To assist in the management of reinsurance pricing activities. Reinsurance pricing is a key activity in underwriting of reinsurance treaties. Before any reinsurance treaties are accepted it must go through a vigorous pricing analysis.- KEY ACCOUNTABILITIES:
- Ongoing training of interpretation of data & pricing principles.
- Pricing of Santam Re’s larger contracts and complicated reinsurance treaties
- Maintenance and development of Santam Re pricing tools
- Research and development of reinsurance portfolio optimisation
- Develop a detailed understanding of Santam Group, Santam Re and New Re underwriting guidelines.
- Review pricing assumptions and output produced by underwriting team
- Review slip checks and underwriting guideline checks performed by underwriters
- Work with reserving team to determine profitability by business segment on a quarterly basis
- Visit markets to form general underwriting and pricing views of the markets.
- Develop and maintain dashboards for underwriters and client relationship managers for market visits.

**Qualifications & Experience**
- Qualified Actuary is preferred otherwise close to qualification
- A minimum of 3 years’ experience in reinsurance pricing (preferably 5 years)

**Skills**
- Understanding of how risk is shared between insurer and reinsurer on various types of
- reinsurance contracts is critical.
- Strong analytical and problem-solving skills, with proficiency in mathematical/statistical
- techniques and software tools (e.g., Excel, Access, VB, SQL). Ability to collate statistical data
- analytics.
- Knowledge of actuarial principles, insurance/reinsurance concepts, and risk management
- frameworks.
- Prior experience in reinsurance actuarial work
- Strong written and verbal communication skills.
- Ability to build and maintain good internal and external relationships.
- Strong presentation skills.
- Ability to conduct self in a professional manner at all times.
- High degree of self-management, displaying an organised and measured approach to the
- workload and the clients - strong planning and organising skills

**Competencies**
- Cultivates Innovation - Creating new and better ways for the organisation to be successful.
- Client Focus - Building strong customer relationships and delivering customer-centric solutions.
- Drives Results - Consistently achieving results, even under tough circumstances.
- Collaborates - Building partnerships and working collaboratively with others to meet shared
- objectives.
- Flexible and Adaptable (Being Resilient) - Rebounding from setbacks and adversity when facing
- difficult situations.
- Problem Solving Recognized as an expert problem-solver and troubleshooter. Decisions
- supported by sound judgment and proven results.
- Risk Management - Demonstrates the uppermost levels of expertise in risk management in
- challenging and complex situations for critical problems affecting key operations.
- Business knowledge and analysis Extensive knowledge of the entire business.
- Negotiating - Capable of building trust and gaining commitment in hostile and volatile
- environments in order to achieve results.

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