Pricing Actuary Expert

4 days ago


Cape Town, Western Cape, South Africa Reinsurance Group Of America, Incorporated Full time

About the Role:

We are seeking a qualified actuary to work on a wide variety of pricing projects across different clients and products. The successful candidate will take a leading role in providing pricing and product development for existing and new retail business reinsured by RGA.

Key Responsibilities:

  1. Pricing:
    • Analyse recent client experience to form a view on the pricing approach.
    • Determine appropriate pricing bases and perform pricing projections and calculations in Axis.
    • Conduct reasonability checks and reconciliations.
    • Perform technical and overall peer review on quotes and tenders.
    • Deliver accurate and high-quality quotes in line with RGA's corporate standards and within agreed upon timelines.
  2. Documentation:
    • Document pricing assumptions and results adequately.
  3. Driving the Approval Process:
    • Engage a wide range of stakeholders to ensure an efficient approval process.
  4. Improving Pricing Efficiencies:
    • Develop and maintain pricing tools to improve efficiency.

Requirements:

  • Qualified or nearly qualified actuary with at least 5 years actuarial work experience.
  • Experience with retail insurance pricing or product development.
  • Expertise in experience analysis and long term cashflow modelling.
  • Advanced Excel and Word, Visual Basic, and PowerPoint.


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