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Actuarial Pricing Specialist

1 month ago

Johannesburg, Gauteng, South Africa Micah Govender Developments Full time
Job Title: Actuarial Pricing Specialist

At Micah Govender Developments, we are seeking a highly skilled Actuarial Pricing Specialist to join our team. As an Actuarial Pricing Specialist, you will play a critical role in pricing and managing the risk of new and existing business to ensure profitability and sustainability.

Key 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 implementing pricing strategies for new and existing business to achieve growth and profit objectives.
  • Support the development of new and innovative products.
  • Drive, implement, and maintain proper governance on pricing developed/deployed.
  • Support/advise the business using data and analytics.
Requirements:
  • Bachelor's degree in Actuarial Sciences.
  • Qualified actuary or nearly qualified actuary.
  • 5 years or more of Actuarial modelling and pricing experience within the Short-Term Insurance industry.
  • Experience with software packages like SQL, SAS, R, Python, Willis Towers Watson, Earnix, and AKUR8.
  • Advanced Microsoft Office, in particular Excel, user.
  • Experience with programming and mining large datasets for commercial value.
Competencies:
  • Passion for Short-Term Insurance (STI) and pricing STI products.
  • Taking initiative to identify areas for improvement and act on it.
  • Being creative and finding innovative solutions.
  • Making practical and financially sound decisions.
  • Ability to take ownership of deliverables and drive them to completion with minimum supervision.
  • Ability to perform under pressure and effective management of time to ensure project timelines are met.
  • Ability to manage multiple tasks concurrently.
  • Meticulous attentiveness to detail and accuracy.
  • Good communication skills written and verbal.