The purpose of this 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:
- Bachelors 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 & 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.
Competencies:
- Passion for Short-Term Insurance (STI) and pricing STI products.
- Taking initiative to identify areas for improvement and act on it.
- Being creative and finding innovative solutions.
- Making practical and financially sound decisions.
- Ability to take ownership of deliverables and drive them to completion with minimum supervision.
- Ability to perform under pressure and effective management of time to ensure project timelines are met.
- Ability to manage multiple tasks concurrently.
- Meticulous attentiveness to detail and accuracy.
- Good communication skills written and verbal.
