Pricing Actuary

Job description

As part of this role, the key areas you will be involved in are as follows; 

·  Involvement in all pricing activities in the Life & Health domain in South Africa
·  Assist in development of best-in-class bases
·  Involvement in product development and product enhancements for life insurance products
·  Pioneering thought leadership in (re)insurance industry
·  Involvement in client relationship building from a technical perspective

We are ideally looking for candidate who have the following experience and competencies.

Essential

·  Previous working experience in the Life (re-)insurance industry.
·  Excellent knowledge of Microsoft packages (particularly Excel)

Desirable

·  Experience of coding 
·  Strong technical, analytical and modelling skills.
·  Takes accountability and can work independently.
·  Produces a high standard of work with an appropriate level of attention to detail.
·  Strong initiative and ability to manage multiple projects.
·  Have an ability to network and cultivate relationships 
·  Strong decision making abilities

Personal Competences

·  Excellent technical and analytical skills
·  Attention to detail
·  Good communication skills
·  Self-motivated and pro-active
·  Ability to work autonomously
·  Flexible
·  Innovative
·  Team spirit

Education

Essential

·  Recently qualified Actuary / Very nearly qualified
·  Good working knowledge of MS Excel, Word and VBA.

Desirable

·  Good working knowledge of any of the following: SAS, R, Python, SQL.

Pricing

·  New and existing business pricing for all lines of life insurance business (Retail, Group, Credit Life, Financial Solutions) 
·  Involvement in client tender pricing and proposals
·  Experience investigations (incidence and terminations)
·  Lapse investigations
·  Group facultative reinsurance quotations

 

Basis Development

 

·  Internal basis development for all life insurance products
·  Using modelling techniques to propose bases 

Product Development

·  Assisting in developing new products and/or product enhancements

Thought Leadership

·  Thought leadership in insurance industry
·  Research and data analytics
·  Involvement in client seminars, industry events and various publications

Client relationships

·  Fostering positive client interactions in the day-to-day work, thought leadership, and through supporting the Business Development team where necessary.