Actuarial Pricing Analyst

1 week ago


Centurion, Gauteng, South Africa Network Recruitment Full time

The Actuarial Pricing Specialist is a critical role within Network Recruitment, responsible for crafting pricing models that effectively balance risk and profitability for insurance products. This position requires a strong foundation in data analysis and actuarial science, as well as excellent communication skills to collaborate with cross-functional teams.

Key Responsibilities:

  • Develop & Maintain Pricing Models: Utilize data-driven insights to create and refine pricing models, ensuring alignment with business objectives.
  • Evaluate Risk & Profitability: Conduct thorough risk assessments and profitability analyses to inform pricing decisions.
  • Collaborate with Teams: Work closely with underwriting, product development, and sales teams to ensure pricing strategies are aligned with business goals.
  • Ensure Regulatory Compliance: Maintain awareness of industry regulations and company policies, ensuring pricing practices remain compliant.
  • Report & Document: Prepare detailed reports on pricing assumptions, methodologies, and portfolio performance.

Requirements:

  • Education: Bachelor's degree in Actuarial Science, Mathematics, Statistics, Economics, or related field.
  • Experience: Minimum 3 years of experience in actuarial pricing or a related role, preferably in insurance (life, health, property & casualty).
  • Skills: Proficiency in pricing models and actuarial software (e.g., Excel, R, Python, SAS, Prophet).


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