Insurance Pricing Strategist

3 days ago


Johannesburg, Gauteng, South Africa Micah Govender Developments Full time
Job Description

Micah Govender Developments is seeking an experienced Insurance Pricing Strategist to join our team.

About the Role

This 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.
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.
  • Support/advise the business using data and analytics.
Competencies
  • 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.
Salary Information

The estimated salary for this position is $120,000 - $150,000 per annum, depending on experience.



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