Actuarial Pricing Specialist
2 weeks ago
At ABC Worldwide, we are looking for an experienced Actuarial Pricing Specialist to develop, implement, and optimize pricing strategies for short-term insurance products. The ideal candidate will have a strong understanding of actuarial principles and short-term insurance pricing models.
Key Responsibilities:
- Develop, implement, and optimize pricing strategies for short-term insurance products.
- Utilize programming and data mining techniques to analyze large datasets for commercial value.
- Leverage various tools and technologies including SQL, SAS, Python, and platforms like Willis Towers Watson, Earnix, and AKUR8.
- Identify data and rating enhancements to inform and improve pricing models.
- Ensure proper governance on pricing developed and deployed within the business.
- Collaborate with cross-functional teams to leverage data and analytics in pricing decisions.
- Maintain up-to-date knowledge of actuarial practices, industry trends, and regulatory requirements.
- Conduct regular evaluations of pricing models and strategies to ensure effectiveness.
Essential Qualifications:
- Bachelor's Degree in Actuarial Sciences or a related field.
- Strong understanding of actuarial principles and short-term insurance pricing models.
- Proficiency in data analysis and the use of statistical software.
Desired Experience:
- Minimum 5 years and maximum 20 years of relevant experience in actuarial pricing.
- Proven experience in pricing models and application of data-driven strategies.
- Hands-on experience with programming, and proficiency in working with large datasets.
Salary & Benefits:
- Annual Salary: R 600,000 - R 900,000.
- Comprehensive benefits package including health insurance, retirement plans, and performance-based bonuses.
- Opportunities for professional development and career advancement.
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