Actuarial Pricing Specialist

Johannesburg, Gauteng

Posted more than 30 days ago

Company:: Micah Govender Developments
Company Description:: The company recruits and screens potential candidates for clients. The company helps both clients and potential candidates and builds rapport with them for the betterment of the working relationship.
Contract Type:: Full Time
Experience Required:: 5 to 10 years
Education Level:: Bachelor
Gender:: Any
Age:: 30 to 55 years
Number of vacancies:: 1

Job Description

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:

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 & 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.