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Actuarial Pricing Specialist

1 week ago

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

About Our Organization

Reinsurance Group of America, Incorporated is a purpose-driven organization working to solve today's challenges through innovation and collaboration.

We're the only global reinsurance company to focus primarily on life- and health-related solutions.

We offer an environment that fosters individuality, encourages pioneering thought, and supports diverse, caring colleagues around the world.

Job Summary

We are seeking a qualified actuary to work on a wide variety of pricing projects across a wide range of 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.

Primary Responsibilities Include:

  • Pricing
    • Pricing and product development for all Retail, Funeral, and Credit Life business.
    • 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.
    • Assist the team with ad hoc client and project queries.
  • Documentation
    • Document pricing assumptions and results adequately.
    • Complete letters of offer and treaties within agreed turnaround times.
  • Driving the approval process
    • Engage a wide range of stakeholders to ensure an efficient approval process.
    • Collaborate with Business Development, Underwriting, and Claims to produce proposals that meet our clients' needs.
  • Improving pricing efficiencies
    • Develop and maintain pricing tools to improve efficiency.
  • Teamwork
    • Develop and maintain positive relationships within the team and with other functions in the business to foster effective collaboration.