Actuarial Pricing Specialist

1 week ago


Johannesburg, Gauteng, South Africa Micah Govender Developments Full time
Job Title: Actuarial Pricing Specialist

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
Requirements:
  • 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
Competencies:
  • 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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