Job Description

Senior Pricing Specialist
Role Purpose
The successful incumbent will be responsible for managing and/or supervising other actuarial staff. The person would also be required to clarify client requirements and translate actuarial concepts into client-friendly terminology. Pricing and product development for commercial lines short-term insurance are key aspects of the role.
Responsibilities and work outputs:

• 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 and maintain existing products.
• Drive, implement and maintain proper governance on pricing developed/deployed.
• Support/advise the business using data and analytics.

Competencies required:

• Passion for Short-term Insurance (STI) and pricing STI products
• Business acumen
• Client/ Stakeholder commitment
• Drive for results
• Leads change and innovation
• Motivating and inspiring team
• Collaboration
• Impact and influence
• Self-awareness and insight
• Diversity and inclusiveness
• Growing talent
• Good communication skills

Knowledge:

• Actuarial modelling
• Statistical analysis techniques
• Short term insurance pricing and product development (Commercial business advantageous)

Skills:

• Microsoft Excel
• VB scripting
• SQL (where applicable)
• 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.

Experience and Qualifications:

• A Bachelor's degree in Actuarial Science, Statistics, Business Sciences or Business Mathematics.

• A qualified actuary (FIA, FFA, or FASSA) is highly advantageous.
• At least 8 years of experience in actuarial modeling, pricing, and product development in the short-term insurance sector.
• Experience in Commercial pricing and product development will be an advantage
• Demonstrated proficiency in advanced pricing and product development is an advantage.
• 5-8 years of management experience is desirable.

Location
The above-mentioned position is currently available at our office in Centurion.

Skills Required