Actuarial Analyst: Personal Lines Pricing

3 days ago

Centurion, South Africa OUTsurance Full time

Company Description
At OUTsurance we pride ourselves in building sophisticated rating models. We are passionate about data and making use of a variety of actuarial techniques to price various risks which includes building, contents, all risk, vehicle, motorcycle, trailer, caravan and watercraft insurance. More recently we have also added pet insurance to our product offering. We are an enthusiastic and goal driven team who are always on the lookout for new and innovative products to offer our clients.

In the personal lines pricing team, you will be part of a challenging and equally rewarding work environment where you will be responsible for the full actuarial control cycle of any project you take on. You will be able to combine traditional actuarial skills with a variety of new problem-solving techniques in order to improve rating models and product design features so as to provide better value for money to our clients. You will have the opportunity to add value to the company by working closely with people across all departments to solve business problems.

**Job Description**:
This includes, but is not limited to:

- Understanding the different data sources and the value of the input data provided
- Analysing data to be able to provide insights to business problems across company
- Using statistical models to find appropriate solutions for business problems across company
Implementing new pricing models which includes system implementation and documentation of modelling process
- Monitoring loss ratios and key performance indicators to identify opportunities to improve pricing models and / or product design features
- Develop and design new products to enhance product offering to clients
- Presenting results to senior management and other stakeholders

Qualifications**
Minimum Requirements**:

- Honours Degree in Actuarial Science
- Successfully completed the Foundation & Intermediate Technical actuarial examinations (A1 & A2)
- Preferably also completed the Actuarial Risk Management exam (A3)
- 0-3 years’ experience in actuarial analytics role
- Ideally have experience in SQL and / or C#
- Good academic track record
- Solid interpersonal skills to work effectively alongside a variety of different stakeholders
**Skills and Competencies**:

- Must have a passion for working with numbers and analysing data
- Enjoy finding unique solutions to problems and implementing these solutions
- Be able to communicate effectively with a wide variety of stakeholders
- Should have a strong affinity towards coding and designing robust solutions
- Must be a self-starter who can successfully manage a number of different tasks simultaneouslyAdditional Information

In accordance with OUTsurance Insurance Company Ltd Employment Equity goals, preference will be given to individuals who meet the job requirements and are from the various designated groups.

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