Insurance Pricing Strategist

1 month ago


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

The Insurance Pricing Specialist role at Micah Govender Developments plays a vital part in ensuring the profitability and sustainability of our business. As an Actuarial Pricing Specialist, you will be responsible for pricing and managing risk in respect of new and existing business.

We are seeking an experienced professional with expertise in Actuarial modelling and pricing to join our team. The ideal candidate will have a Bachelor's degree in Actuarial Sciences, be a qualified actuary or nearly qualified, and possess 5 years or more of experience in Actuarial modelling and pricing within the Short-Term Insurance industry.

A strong technical skillset is essential, including experience with software packages such as SQL, SAS, R, Python, Willis Towers Watson, Earnix, and AKUR8. Advanced Microsoft Office skills, particularly Excel, are also required. Additionally, the ability to program and mine large datasets for commercial value will be highly beneficial.

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
Requirements
  • 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
  • Ability to program and mine large datasets for commercial value
Competencies
  • Possession of a 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

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