Short-term Actuarial Risk Analyst

2 weeks ago


Centurion, Gauteng, South Africa Network Recruitment Full time

Key Responsibilities:

  • Pricing & Product Development: Support the creation and pricing of short-term insurance products by analyzing claims data, market trends, and customer behavior.
  • Data Analysis & Modeling: Develop, maintain, and enhance pricing models to predict risk and optimize premiums across various customer segments.
  • Monitoring & Reporting: Track and report on pricing effectiveness, including loss ratios, and other KPIs to assess profitability and suggest rate adjustments.
  • Collaboration: Work closely with underwriting, sales, and product development teams to ensure accurate pricing aligned with business objectives.
  • Compliance & Documentation: Ensure pricing models and processes comply with regulatory requirements and are accurately documented.

Requirements:

  • Education: Bachelor's degree in Actuarial Science, Mathematics, Statistics, or a related field.
  • Actuarial Exams: 8 exams plus.
  • Technical Skills: Proficiency in actuarial modeling software, Excel, SQL, and experience with programming languages such as Python or R.
  • Analytical Skills: Strong analytical and problem-solving skills, with a high attention to detail.
  • Industry Knowledge: Understanding of short-term insurance products, risk factors, and market trends.
  • Communication Skills: Ability to convey complex analytical insights to non-technical stakeholders effectively.


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