Actuarial Pricing Specialist
1 week ago
The Actuarial Pricing Specialist will play a crucial role in ensuring the profitability and sustainability of our Short-Term Insurance business. This position requires a strong understanding of actuarial modelling and pricing principles, as well as excellent analytical and problem-solving skills.
Key Responsibilities:- Maintain and develop market-leading Short-Term Insurance pricing models
- Explore and identify data and rating enhancements to inform pricing models
- Ownership of model performance against actual experience and acting on model weaknesses
- Develop and implement pricing strategies for new and existing business to achieve growth and profit objectives
- Support the development of new and innovative products
- Drive, implement, and maintain proper governance on pricing developed/deployed
- Support/advise the business using data and analytics
- Bachelor's degree in Actuarial Sciences
- Qualified actuary or nearly qualified actuary
- 5 years or more of Actuarial modelling and pricing experience within the Short-Term Insurance industry
- Experience with software packages like SQL, SAS, R, Python, Willis Towers Watson, Earnix, and AKUR8
- Advanced Microsoft Office, particularly Excel
- Experience with programming and mining large datasets for commercial value
- Passion for Short-Term Insurance (STI) and pricing STI products
- Taking initiative to identify areas for improvement and acting on it
- Being creative and finding innovative solutions
- Making practical and financially sound decisions
- Ability to take ownership of deliverables and drive them to completion with minimum supervision
- Ability to perform under pressure and effective management of time to ensure project timelines are met
- Ability to manage multiple tasks concurrently
- Meticulous attentiveness to detail and accuracy
- Good communication skills – written and verbal
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