Insurance Pricing Strategist
3 days ago
Micah Govender Developments is seeking an experienced Insurance Pricing Strategist to join our team.
About the RoleThis is a high-pressure environment where you will be responsible for pricing and managing risk in respect of new and existing business to ensure profitability and sustainability. You will need to produce high-quality work while meeting tight deadlines.
Requirements- Bachelor's degree in Actuarial Sciences or related field.
- Qualified actuary or nearly qualified actuary with at least 5 years of experience in Actuarial modelling and pricing within the Short-Term Insurance industry.
- Advanced knowledge of software packages such as SQL, SAS, R, Python, Willis Towers Watson, Earnix, and AKUR8.
- Excellent Microsoft Office skills, particularly Excel.
- Experience with programming and data mining for commercial value.
- 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.
- Support/advise the business using data and analytics.
- Passion for Short-Term Insurance (STI) and pricing STI products.
- Taking initiative to identify areas for improvement and act 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.
The estimated salary for this position is $120,000 - $150,000 per annum, depending on experience.
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