Actuarial Pricing Specialist

Job Title: Actuarial Pricing Specialist

Role Purpose:
This role is designed for a skilled Actuarial Pricing Specialist to take charge of pricing models and manage risk for both new and existing short-term insurance products. The ideal candidate will excel in a dynamic, high-pressure environment, delivering high-quality work to meet tight deadlines.

Responsibilities:

• Maintain, develop, and implement leading short-term insurance pricing models.
• Identify and integrate data enhancements to improve pricing accuracy.
• Oversee model performance against actual experience, addressing any weaknesses.
• Develop pricing strategies for both new and existing business to meet growth and profitability targets.
• Support the development and innovation of new products.
• Ensure strict governance on pricing strategies.
• Provide insights and support to the business using data and analytics.

Key Competencies:

• Strong interest in short-term insurance and pricing products.
• Initiative in identifying areas for improvement and taking action.
• Creative and practical problem-solving skills.
• Sound financial decision-making abilities.
• High level of accountability and independence.
• Strong time management skills, with the ability to meet project deadlines.
• Strong attention to detail and accuracy.
• Excellent verbal and written communication skills.

Qualifications & Experience:

• Bachelor’s degree in Actuarial Sciences.
• Qualified or nearly qualified actuary.
• Minimum 5 years of actuarial modeling and pricing experience in short-term insurance.
• Proficiency in tools like SQL, SAS, R, Python, Willis Towers Watson, Earnix, and AKUR8.
• Advanced skills in Microsoft Excel.
• Experience with programming and working with large datasets to create commercial insights.

This position is ideal for candidates with advanced experience in pricing and product development within the short-term insurance sector who are ready to drive impactful pricing initiatives.