Pricing Actuarial Specialist
7 months ago
Gauteng, Centurion
- Annually Cost To Company (Market related)
A well-established business is seeking to appoint a Pricing Actuarial Specialist
The Pricing Actuarial Specialist will clean, consolidate, validate and analyze 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.
**Qualifications & 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
- For more information please contact:
- Audra King
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