Actuarial Pricing Specialist

2 weeks ago


Centurion, Gauteng, South Africa ABC Worldwide Full time
Job Description: Actuarial Pricing SpecialistLocation: Gauteng, South AfricaJob Type: Fulltime

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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