Actuarial Pricing Strategist

1 month ago


Pretoria, Gauteng, South Africa The Recruitment Council Full time

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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