Job Description

Job Summary Hire Resolve's Client in the Reinsurance space is looking for Pricing Actuary to join their single risk pricing team in Johannesburg. This role would suit a Actuarial Analyst who would like to take the next step in their career and broaden their knowledge. It provides the opportunity to work within a diverse, and growing pricing team who oversee a global book of business covering; Property, Energy, Construction, Cyber, War & Terrorism, Marine (Hull, Cargo, & Shipbuilding), and Fine Art & Specie.
RESPONSIBILITIES
Test and maintain pricing tools

• Ensure pricing models are appropriately calibrated and used appropriately by Underwriters, including rate change calculation.
• Maintenance of existing pricing tools including technical documentation / specifications / change parameter documentation (including impact analysis).
• Actively build relationship with Underwriters and assist in change management (including training) when onboarding Underwriters on to new pricing tools or platforms.

Pricing and review key individual accounts:

• Analyse and pricing of individual short tail single-risk accounts typically with complex features or high premium.
• Conduct pricing reviews on accounts with high and extreme materiality to ensure that all accounts priced adheres to appropriate pricing review process as defined in Specialty Insurance Pricing Guidelines.
• Provide pricing assistance to Reinsurance Treaty Team during busy periods (such as the 01-Jan renewal season) on various markets

Portfolio analysis, business planning, recalibration:

• Contribute and manage the annual planning (profitability) review of portfolio (deep-dive) by considering combined ratios, rate levels, inflationary effects, and class of business mix for Specialty Insurance (including SCOR Syndicate).
• Manage and contribute to the annual capital model parametrisation process (Underwriting / Premium Risk), which is concluded in conjunction with Group Risk Management, Capital Modelling Team, and Underwriters.
• Development and maintenance of dashboards and various management information.

Reporting:

• Contribute to various regulatory tasks such as the Lloyd's Performance Management Data Return (PMDR), and board reports.
• Regular monitoring and feedback of Underwriter Adjustments, plus pricing strength (adequacy) against the long-term profitability targets.
• Any other ad-hoc reporting requirements.

People Management:

• no people management at the beginning
• possibly manage a small team of Pricing analysts and/or Cat modellers within few months after the hiring if the situation evolves well as expected.

QUALIFICATIONS
Required experience & competencies
Experience:

• Pricing experience in P&C insurance is compulsory (if possible on large corporate risk or London Market)
• Working knowledge of pricing ,capital modelling and reserving processes and techniques.
• Strong analytical skills and ability to manipulate or handle large datasets.
• Experience using R, Python, R-Shiny, or any other programming languages in commercial environment desirable but not compulsory.

Personal Competencies:

• Highly motivated and driven individual with excellent analytical and problem-solving skills
• Effective communication and collaboration skills with excellent interpersonal verbal and written skills that enables the candidate to communicate with colleagues from non-actuarial team
• Strong organisational and time management skills required
• Self-starting individual and excellent team player
• Stays up to date with new/emerging knowledge in actuarial pricing as well as in respect of major market and underwriting related issues.
• Has a commercial outlook but with a principled stand where required and contributes to create viable and innovative solutions that outperform competitors and differentiates SCOR.

Education * Nearly / Newly qualified actuary from a recognised actuarial organisation

• Degree in Mathematics, Actuarial Science or any other scientific discipline (Statistics, Physics, etc.)

If you meet the above requirements and want to make a career-changing move, apply today by either filling in the online application form or emailing your CV to Hire Resolve at
You are also welcome to contact Michaela Boustred on LinkedIn or call her on 021 551 8638.
Please note that correspondence will only be conducted with shortlisted candidates for this position. Should you not hear from us within 3 days, please consider your application unsuccessful.
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Specialists in Civil, Structural, Mechanical Engineering, Information Technology, Mining, Manufacturing and Finance Careers! Hire Resolve is one of the larger and more agile South African recruitment companies that focus on placing professionals and skilled people in permanent employment and contract employment. We prefer and focus on working with top quality professionals and candidates in South Africa and Africa. Hire Resolve has successfully placed Engineering, Mining, IT, Manufacturing and Finance professionals with top firms across the Western Cape, Eastern Cape, KwaZulu Natal, Gauteng and in Africa. Hire Resolve has assisted candidates to find jobs at over 100 JSE listed companies of which many are global companies with offices and operations in South Africa and Africa. It is for this reason that we are well respected in the industries we operate in and in the recruitment industry.

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