Short-term Actuarial Analyst

2 weeks ago


Centurion, South Africa Network Recruitment Full time

Are you passionate about analyzing risk and pricing strategies? Join our team as a
Short-Term Pricing Actuarial Analyst
and play a crucial role in shaping competitive and sustainable insurance pricing
Key Responsibilities:
Pricing & Product Development:
Support the development and pricing of short-term insurance products by analyzing claims data, market trends, and customer behavior.
Data Analysis & Modeling:
Build, maintain, and enhance pricing models to predict risk and optimize premiums across various customer segments.
Monitoring & Reporting:
Track and report on pricing effectiveness, including loss ratios, and other KPIs to assess profitability and suggest rate adjustments.
Collaboration:
Work closely with underwriting, sales, and product development teams to ensure accurate pricing aligned with business objectives.
Compliance & Documentation:
Ensure pricing models and processes comply with regulatory requirements and are accurately documented.
Requirements:
Education:
Bachelors Degree in Actuarial Science, Mathematics, Statistics, or a related field.
Actuarial Exams:
8 exams plus.
Technical Skills:
Proficiency in actuarial modeling software, Excel, SQL, and experience with programming languages such as Python or R.
Analytical Skills:
Strong analytical and problem-solving skills, with a high attention to detail.
Industry Knowledge:
Understanding of short-term insurance products, risk factors, and market trends.
Communication Skills:
Ability to convey complex analytical insights to non-technical stakeholders effectively.



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