Actuarial Pricing Specialist

4 weeks ago


Pretoria, Gauteng, South Africa The Recruitment Council Full time

Job Title: Actuarial Pricing Specialist

Role Overview:

This role is designed for a skilled Actuarial Pricing Specialist to take charge of pricing models and manage risk for both new and existing short-term insurance products. The ideal candidate will excel in a dynamic, high-pressure environment, delivering high-quality work to meet tight deadlines.

Key Responsibilities:

  • Maintain, develop, and implement leading short-term insurance pricing models.
  • Identify and integrate data enhancements to improve pricing accuracy.
  • Oversee model performance against actual experience, addressing 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.

Requirements:

  • 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.

This position is ideal for candidates with advanced experience in pricing and product development within the short-term insurance sector who are ready to drive impactful pricing initiatives.



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