Actuarial Pricing Model Developer
1 month ago
The Recruitment Council is seeking an experienced Actuarial Pricing Model Developer to join our team in Centurion, Gauteng, South Africa. The successful candidate will play a critical role in pricing and managing risk for new and existing business within the Short-Term Insurance sector.
Overview of the Role:This position offers a competitive salary and benefits package, with performance-based incentives. The estimated annual salary range for this role is R1 200 000 - R2 000 000, depending on experience and qualifications.
Key Responsibilities:- Pricing Model Development: Design, develop, and maintain market-leading pricing models for Short-Term Insurance products.
- Data Analysis and Interpretation: Utilize advanced data analytics to inform and optimize pricing decisions.
- Model Performance Monitoring: Regularly review pricing models to track their performance against actual outcomes.
- Pricing Strategy Development: Lead the development and implementation of pricing strategies for both new and existing products.
- Collaboration: Work closely with cross-functional teams to support product development and ensure pricing models align with overall business strategies and objectives.
- Bachelor's degree in Actuarial Sciences.
- Qualified actuary or nearly qualified actuary.
- A minimum of 5 years' experience in actuarial modeling and pricing, particularly within the Short-Term Insurance industry.
- Proficiency in actuarial software and tools, including SQL, SAS, R, Python, and Earnix.
- Advanced proficiency in Microsoft Excel.
- Analytical thinking with the ability to develop and interpret complex models and data.
- Problem-solving skills with the ability to identify areas for improvement in existing models.
- Exceptional attention to detail and accuracy when building and testing pricing models.
- Ability to manage multiple projects simultaneously and prioritize tasks in a fast-paced environment.
- Strong written and verbal communication skills with the ability to present complex actuarial concepts clearly.
The role is based in Centurion, Gauteng, South Africa, with a hybrid/remote option available. The benefits package includes a competitive salary, medical aid, pension fund, and performance-based bonuses.
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