Job: Actuarial Pricing Specialist in Pretoria

Actuarial Pricing Specialist

Recruiter:

The Recruitment Council

Job Ref:

Actuarial Pricing Sp..

Date posted:

Wednesday, November 27, 2024

Location:

Pretoria, South Africa

Salary:

Market Related

SUMMARY:
Shape the Future of Insurance! Join Us as an Actuarial Pricing Specialist

POSITION INFO:

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.

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