Actuarial Pricing Strategist
1 month ago
Job Title: Actuarial Pricing Specialist
Role Purpose: The Recruitment Council seeks an experienced Actuarial Pricing Specialist to lead the development and implementation of pricing models for short-term insurance products. The ideal candidate will have a strong understanding of actuarial modeling and a proven track record of delivering high-quality pricing initiatives.
Responsibilities:
- Maintain and develop leading short-term insurance pricing models.
- Identify and integrate data enhancements to improve pricing accuracy.
- Oversee model performance against actual experience and address any weaknesses.
- Develop pricing strategies for both new and existing business to meet growth and profitability targets.
- Support the development and innovation of new products.
- Ensure strict governance on pricing strategies.
- Provide insights and support to the business using data and analytics.
Key Competencies:
- Strong understanding of short-term insurance and pricing products.
- Initiative in identifying areas for improvement and taking action.
- Creative and practical problem-solving skills.
- Sound financial decision-making abilities.
- High level of accountability and independence.
- Strong time management skills with the ability to meet project deadlines.
- Strong attention to detail and accuracy.
- Excellent verbal and written communication skills.
Qualifications & Experience:
- Bachelor's degree in Actuarial Sciences.
- Qualified or nearly qualified actuary.
- Minimum 5 years of actuarial modeling and pricing experience in short-term insurance.
- Proficiency in tools like SQL, SAS, R, Python, Willis Towers Watson, Earnix, and AKUR8.
- Advanced skills in Microsoft Excel.
- Experience with programming and working with large datasets to create commercial insights.
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