Reinsurance Pricing Consultant

3 days ago


Sandton, South Africa Rad Resources Full time
Job Title: Reinsurance Pricing Consultant

Overview: At Rad Resources, we are seeking a highly skilled Reinsurance Pricing Consultant to join our team. As a key member of our actuarial department, you will be responsible for traditional reinsurance pricing, exposure rating, experience rating, stochastic modelling, and more.

Key Responsibilities:
  • Traditional reinsurance pricing: Develop and implement pricing models to ensure accurate risk assessments.
  • Exposure rating: Assess and analyze exposure data to determine optimal reinsurance strategies.
  • Experience rating: Analyze historical data to inform pricing decisions and optimize reinsurance arrangements.
  • Stochastic modelling: Develop and apply complex mathematical models to simulate reinsurance scenarios and optimize outcomes.
  • Client Renewals: Work closely with clients to negotiate and finalize reinsurance agreements.
  • Tenders for new business: Develop and submit bids for new reinsurance opportunities.
  • Capital modelling & solvency II/SAM advisory: Provide expert advice on capital requirements and solvency levels.

Requirements:
  • Actuarial experience within General Insurance - Essential
  • Progress with the actuarial exams - Essential
  • Strong IT skills (Excel, Access, VBA) - Desired
  • Knowledge of reinsurance market and concepts - Desired

Estimated Salary: £60,000 - £80,000 per annum, depending on experience.

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