Senior Actuarial Pricing Analyst

6 months ago

Cape Town, South Africa Reinsurance Group of America Full time

Position Overview

We are looking for a nearly/newly qualified actuary to work on a wide variety of pricing projects across a wide variety of clients and products. The successful candidate will take a leading role in providing pricing and product development for existing and new retail business reinsured by RGA.

Responsibilities

Pricing Pricing and product development for all Retail, Funeral, and Credit Life business. Analyse recent client experience to form a view on the pricing approach. Determine appropriate pricing bases and perform pricing projections and calculations in Axis. Conduct reasonability checks and reconciliations. Perform technical and overall peer review on quotes and tenders. Deliver accurate and high-quality quotes in line with RGA’s corporate standards and within agreed upon timelines. Assist the team with ad hoc client and project queries. Documentation Document pricing assumptions and results adequately. Complete letters of offer and treaties within agreed turnaround times. Driving the approval process Engage a wide range of stakeholders to ensure an efficient approval process. Collaborate with Business Development, Underwriting, and Claims to produce proposals that meet our clients’ needs. Improving pricing efficiencies Develop and maintain pricing tools to improve efficiency. Team work Develop and maintain positive relationships within the team and with other functions in the business to foster effective collaboration.

Requirements

Qualifications and experience

Qualified or nearly qualified actuary with at least 5 years actuarial work experience. Experience with retail insurance pricing or product development. Expertise in experience analysis and long term cashflow modelling. Advanced Excel and Word, Visual Basic, and PowerPoint. Coding skills would be advantageous: VBA, R, Python or SQL. Strong collaboration and project management skills.

Required aptitudes:

Strong analytical and conceptual thinking. Ability to manage complexity and find solutions to complex problems. Ability to work independently, take ownership of deliverables, and steer them to completion with minimum supervision. Good verbal and written communication skills Sound knowledge of the South African life insurance and reinsurance markets. Flexibility and effective time management to manage multiple workstreams and meet client expectations. Ability to perform under pressure. Ability to deliver within prescribed timelines. Balance meticulous attention to accuracy with a focus on the big picture. Judgement in making practical and financially sound decisions.

RGA’s Commitment to Diversity, Equity, and Inclusion

RGA Aims to evolve RGA workplaces and the communities in which RGA has a presence, into more diverse, equitable and inclusive environments. We will create a culture where individuals are valued, feel a sense of belonging, and are respected for their differences – a workplace where all employees are encouraged and supported to reach their full potential.

Our individual, social, economic, and cultural identities shape and influence our experiences and perspectives. Therefore, to do our best work RGA will ensure diversity in our workforce across the various dimensions of social, interpersonal, and cultural identity -- and by practicing inclusivity in how we work with one another. Inclusion in our workplace is a step towards our purpose of making financial protection accessible to all.

Flexible Working

We support hybrid and flexible ways of working and would welcome a discussion on how we can balance what is important to you with business requirements during the recruitment process.

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