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  • Actuarial Pricing Specialist - Johannesburg - Micah Govender Developments

    Micah Govender Developments
    Micah Govender Developments Johannesburg

    1 month ago

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    Description

    The purpose of this role is to price and manage risk in respect of new and existing business, ensuring profitability and sustainability. The area is a high-pressure environment that requires the ability to produce high-quality work while meeting tight deadlines.

    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. Advanced pricing and product development experience is highly preferred.
    • Proficiency in software packages such as SQL, SAS, R, Python, Willis Towers Watson, Earnix, and AKUR8
    • Advanced Microsoft Office skills, with a focus on Excel
    • Experience with programming and data mining 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 them
    • 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

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