Actuarial Pricing Specialist

Location: Johannesburg, South Africa
Salary: market related
Recruiter: Rooftop Recruitment
Job Ref: Actuarial Pricing Sp..
Summary: Actuarial Pricing Specialist

 

 

Job Description

Actuarial Pricing Specialist

Rosebank, Johannesburg

 

  • ·         To provide specialised pricing support whilst:
  • Ensuring the balance between profitability and marketability of all products

  • Ensuring all pricing-related tasks obtained the necessary approvals before implementation

  • Providing actuarial support to wider business stakeholders

  • Managing a small team of junior actuarial analysts from time to time

     

  • ·         Ensure that profitability and marketability of existing and new products are investigated on a regular basis.
  • ·         Conduct quarterly competitor investigations for the purpose of benchmarking the product range
  • ·         Develop dynamic profitability reports and communicate findings to wider stakeholders
  • ·         Ensure adequate and regular interactions with the Corporate Actuarial department as well as the Head of Actuarial function to keep actuarial models up to date and to ensure compliance with regulatory requirements relevant to actuarial pricing functions
  • ·         Compilation of business case for approval of funding requirements on existing product enhancements or for new product implementations
  • ·         Compile research to stay abreast of new industry developments and trends
  • ·         Engage with expert stakeholders (reinsurers or other third parties) where specific skills must be outsourced in the carrying out of a specific task
    • ·         Work with large datasets to develop useful business insights or uncover potential problem areas

 

Qualifications, Knowledge and Experience

 

  • ·         Matric
  • ·         Actuarial degree at honours level will be an advantage
    • ·         Fellow or nearly qualified Actuarial student
    • ·         At least 6 years’ experience in the financial services industry
    • ·         Life insurance product exposure would be an advantage
    • ·         Some management experience preferred, either formal or informal
    • ·         Good computer knowledge - MS Outlook, Excel, PowerPoint and Word are necessary
    • ·         Advanced proficiency at using Prophet actuarial modelling software
      • ·         Demonstrates competency in Structured Query Language (SQL)
      • ·         Previous roles that focused on product development or pricing would be beneficial
      • ·         Good understanding of the life insurance industry, is analytical and detail focussed
      • ·         Excellent actuarial technical understanding of cashflow modelling, actuarial reserves, pricing strategies and data analytics
      • ·         Excellent communication skills
        • ·         Able to interact efficiently with various role players
        • ·         Good interpersonal skills and able to manage small cross-functional teams
        • ·         Comfortable with handling a variety of problems to come up with novel solutions

 

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