Pricing Strategist for Short-Term Insurance
1 month ago
Company Overview:
Network Recruitment is a leading specialist recruitment agency providing expert solutions to the financial and insurance sectors.
Job Description:
We are seeking an experienced Pricing Strategist to play a pivotal role in shaping our pricing strategies and delivering sustainable solutions for our clients. As a key member of our team, you will be responsible for contributing to the development of short-term insurance products by analyzing claims data, market dynamics, and customer patterns.
Key Responsibilities:
- Pricing & Product Development: Analyze claims data, market trends, and customer patterns to inform pricing strategies and optimize premiums across different customer groups.
- Data Analysis & Modeling: Create, refine, and manage pricing models to predict risks and optimize premiums.
- Performance Monitoring: Evaluate and report on pricing performance, including loss ratios and key metrics, recommending adjustments to maintain profitability.
- Team Collaboration: Partner with underwriting, sales, and product teams to ensure pricing strategies align with broader business goals.
- Regulatory Compliance: Maintain adherence to regulatory standards and ensure all pricing processes are well-documented.
Requirements:
To be successful in this role, you will need:
- Bachelor's Degree in Actuarial Science, Mathematics, Statistics, or a related discipline.
- Completion of 8 or more actuarial exams.
- Strong technical expertise in actuarial modeling software, Excel, SQL, and programming tools like Python or R.
- Analytical strength with exceptional problem-solving abilities and attention to detail.
- Industry insight into short-term insurance products, market trends, and associated risk factors.
- Communication skills to translate complex analyses into actionable insights for non-technical stakeholders.
Estimated Salary: R1 200 000 - R1 800 000 per annum, dependent on experience.
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