Actuarial Pricing Analyst

1 month ago


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

We are seeking a highly skilled Actuarial Pricing Specialist to join our team at Micah Govender Developments. As an Actuarial Pricing Specialist, you will play a critical role in maintaining, developing, and implementing market-leading Short-Term Insurance pricing models.

Key Responsibilities:
  • Maintain and develop pricing models to ensure they remain market-leading and aligned with business objectives.
  • Explore and identify data and rating enhancements to inform pricing models and drive business growth.
  • Own model performance against actual experience and act on model weaknesses to optimize pricing strategies.
  • Develop and implement pricing strategies for new and existing business to achieve growth and profit objectives.
  • Support the development of new and innovative products and services.
  • Drive and maintain proper governance on pricing developed and deployed.
  • Support and advise the business using data and analytics to inform decision-making.
Requirements:
  • Bachelor's degree in Actuarial Sciences or a related field.
  • Qualified actuary or nearly qualified actuary with a strong understanding of actuarial principles and practices.
  • At least 5 years of experience in Actuarial modelling and pricing within the Short-Term Insurance industry.
  • Advanced knowledge of software packages such as SQL, SAS, R, Python, Willis Towers Watson, Earnix, and AKUR8.
  • Excellent Microsoft Office skills, particularly in Excel.
  • Experience with programming and mining large datasets for commercial value.
Competencies:
  • Passion for Short-Term Insurance and pricing STI products.
  • Ability to take initiative and identify areas for improvement.
  • Creative problem-solving skills and ability to find innovative solutions.
  • Practical and financially sound decision-making skills.
  • Ability to take ownership of deliverables and drive them to completion with minimal supervision.
  • Ability to perform under pressure and manage time effectively to meet project timelines.
  • Ability to manage multiple tasks concurrently.
  • Meticulous attention to detail and accuracy.
  • Good communication skills, both written and verbal.

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