Job Description

Job Overview

Business Segment:

Insurance & Asset Management

Location:

ZA, GP, Roodepoort, 4 Ellis Street

Job Type:

Full-time

Job Ref ID:

80437399A-0002

Date Posted:

4/16/2025







To take lead of technical, retail and expense modelling. Maintaining, developing, and implementing market leading pricing models.

Support development of new and innovative products and models.

To assist with setting up of monitoring framework.

To take lead of policy admin system (PAS) pricing requirements implementation

Supporting management to ensure profitability and objectives are met.



Qualifications

Type of Qualification:

3-year BSc, 4-year B BusSc or BCom with actuarial majors

Honours is an advantage

Member of Actuarial Society of South Africa /Member of the Institute and Faculty of Actuaries.

At least 6 exemptions / actuarial exam passes



Experience Required



4-7 years of short-term pricing experience.

Experience with data is preferred.

Experience in short term insurance pricing.

Experience in system (PAS, rating engine or claims) implementation.

Knowledge:

Knowledge of short-term insurance pricing techniques.

Understanding of short-term insurance products and business principles.

Understanding of balance sheet and Income statement.

Knowledge of actuarial processes and control cycle

Knowledge of the product development process.

Understanding of how the FSCA operates.

Understanding of the economic environment's impact on short term insurance industry.

Knowledge of South African insurance regulation.

Knowledge of system implementation.

Additional Information

Behavioural Competencies:

Able to multi-task.

Attention to detail.

Communication skills - written, verbal and presentation skills.

Disciplined and have high level of integrity, professionalism, and trustworthiness.

Self-motivated.

Pro-active

Results driven.

Collaborator

Technical Competencies:

Computer literacy (Microsoft Office)

Specialist actuarial software package skills

SAS statistical package (preferred), Emblem, Radar, Earnix.

Analytical skills

Please note:

All our recruitment processes comply with the applicable local laws and regulations. We will never ask for money or any from of payment as part of our recruitment process. If you experience this, please contact our Fraud line on +27 800222050 or TransactionFraudOpsSA@standardbank.co.za