Pricing Actuary for Short-Term Insurance Business

2 days ago


Centurion, Gauteng, South Africa Hans Mahrt and Company (Pty) Ltd Full time

Job Title: Pricing Actuary for Short-Term Insurance Business

About Hans Mahrt and Company (Pty) Ltd

We are a well-respected insurance company based in Centurion, Gauteng, South Africa. Our team is dedicated to providing top-notch services to our clients.

Salary Information

The estimated salary for this position ranges from R1 200 000 to R1 800 000 per annum, depending on experience.

Job Description

As a Pricing Actuary for our Short-Term Insurance Business, you will be responsible for pricing and managing risk in respect of new and existing business to ensure profitability and sustainability. This is a high-pressure environment that requires producing high-quality work while meeting tight deadlines.

Key Responsibilities:
  • Maintain, develop, and implement 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.
  • Developing and implementing 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.

You will support the business using data and analytics to drive informed decision-making.

Required Skills and Qualifications

To be successful in this role, you will need:

  • A 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 skills, particularly Excel.
  • Experience with programming and mining large datasets for commercial value.


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