Job Title: Actuarial Pricing Specialist
Job Family: Actuarial
Role Type: Permanent
Area: Centurion, Gauteng
Our client, a well respected insurance company on South Africa, is looking to acquire the services of an Actuarial Pricing Specialist within their Short Term Insurance Business.
The purpose of the role is to price and manage the risk in respect of new and existing business to ensure profitability and sustainability. The area is a high-pressure environment, and the suitable candidate needs to be able to produce high quality work while ensuring that tight deadlines are met.
Requirements
Experience and Qualifications
· 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. (Preference will be given to candidates that demonstrate advanced pricing and product development experience.)
· Experience with software packages like SQL, SAS, R, Python, Willis Towers Watson, Earnix and AKUR8
· Advanced Microsoft Office, in particular Excel, user.
· Experience with programming and mining large datasets for commercial value.
Duties and 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.
