Pricing Actuary for Short-Term Insurance Business
1 month ago
Job Title: Pricing Actuary for Short-Term Insurance Business
About Hans Mahrt and Company (Pty) LtdWe 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 InformationThe estimated salary for this position ranges from R1 200 000 to R1 800 000 per annum, depending on experience.
Job DescriptionAs 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 QualificationsTo 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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