Actuarial Pricing Specialist

1 week ago

Centurion, Gauteng, South Africa The Recruitment Council Full time
Job Title: Actuarial Pricing Specialist

The Recruitment Council is seeking a highly skilled Actuarial Pricing Specialist to join our team. As a key member of our actuarial team, you will be responsible for pricing and managing risk for both new and existing business, ensuring profitability and sustainability.

Key Responsibilities:

  • Maintain, develop, and implement market-leading pricing models for Short-Term Insurance.
  • Explore and identify data and rating enhancements to inform pricing strategies.
  • Take ownership of model performance against actual experience and address any weaknesses.
  • Develop and implement pricing strategies for new and existing business to achieve growth and profit objectives.
  • Support the development of innovative products that meet market needs.
  • Drive proper governance on developed and deployed pricing models.
  • Provide data-driven insights and analytics support to inform business decisions.

Requirements:

  • Bachelors degree in Actuarial Sciences.
  • Qualified actuary or nearing qualification.
  • A minimum of 5 years of actuarial modeling and pricing experience within the Short-Term Insurance industry, with a preference for candidates demonstrating advanced pricing and product development experience.
  • Proficiency in software packages such as SQL, SAS, R, Python, and tools like Willis Towers Watson, Earnix, and AKUR8.
  • Advanced user of Microsoft Office, particularly Excel.
  • Experience in programming and mining large datasets for commercial value.

Competencies:

  • Strong passion for Short-Term Insurance and pricing products.
  • Proactive in identifying areas for improvement and implementing solutions.
  • Creative thinker who finds innovative solutions to complex problems.
  • Ability to make practical and financially sound decisions.
  • Self-driven with the ability to take ownership of deliverables and see them through to completion with minimal supervision.
  • Exceptional time management skills, able to manage multiple tasks concurrently.
  • Detail-oriented with a meticulous approach to accuracy.
  • Strong written and verbal communication skills.

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