Senior Actuarial Specialist

4 weeks ago


Parktown, South Africa Hollard Recruitment Full time

**Job Advert Summary**:
Hello from Hollard

A new exciting **Senior Actuarial Specialist **opportunities has just become available in our **Insure Risk & Underwriting area (Commercial Pricing Area).**

***About Hollard

Join the largest privately owned insurance group in South Africa and be part of a family like no other. Where all employees embrace The Hollard Way by being imaginative, innovative and choosing excellence. A diverse company offering flexibility and generous study support to actuarial students and growth opportunities to actuaries.

**Role Objectives**:
This role will provide wide exposure across the range of pricing and portfolio management activities together with variety in work through interactions across the business. The role will support the fun and dynamic Pricing team with their pricing, monitoring and analytical functions. The product portfolio within Hollard Insure spans across personal, commercial and niche products giving the successful applicant exposure to a wide variety of products - an ideal opportunity to widen horizons.

**Key Responsibilities**:
Pricing & Portfolio Monitoring
- Assist with the design and pricing of products in line with the product development control This includes modelling, implementing, testing and monitoring of rates and discounts.
- Support the structuring and pricing of both inward and outward reinsurance
- Build tools and drive the adoption of these to support the pricing
- Support portfolio management by identifying poor performing segments and suggested remedial
- Co-ordinate the timeous provision of consolidated monthly and quarterly portfolio
- Providing guidance and direction to the data acquisition team to ensure they acquire the data for the pricing function.
- Liaise with Corporate Actuarial teams to optimise the cost of capital which needs to be allowed for in pricing.

Relationship & Stakeholder Management
- Establish and maintain relationships with Hollard Insure stakeholders - key stakeholders include Distribution, Underwriting, Risk Management, Reinsurance, IT and Data
- Support Distribution teams on portfolio reviews and product development.
- Liaise with internal stakeholders in particular IT and Data
- Drive system implementation of models and
- Lead delivery of IT related projects in the Risk & Underwriting

Risk Management & Governance
- Provide support across the Risk and Underwriting function on analytical projects promoting underwriting
- Manage pricing processes in line with the Pricing

**Required Knowledge and Experience**:

- Minimum of 3 to 7 years’ short term insurance
- SAM knowledge & Reinsurance experience is advantageous but not
- Statistical software experience would be an advantage - R, Python, Emblem
- Data manipulation - SQL, SAS, Advanced Microsoft
- Experience in supervising technical staff on projects is advantageous but not

**Educational Requirements**:

- Matric
- Completed CT’s (or A-levels) and CA1



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