Actuarial Pricing Specialist
Centurion, Gauteng, South Africa
Job Description
The Actuarial Pricing Specialist is responsible for developing and maintaining pricing models, evaluating risk, and ensuring pricing strategies align with the company's financial goals. This role involves establishing competitive and profitable pricing for insurance products, managing risk, and ensuring compliance with regulatory requirements.
- Develop & Maintain Pricing Models: Create and update pricing models for insurance products based on data analysis.
- Evaluate Risk & Profitability: Assess risks and profitability for new and existing products.
- Collaborate with Teams: Work with underwriting, product development, and sales to align pricing with business goals.
- Ensure Regulatory Compliance: Ensure pricing follows industry regulations and company policies.
- Report & Document: Prepare reports on pricing assumptions, methodologies, and portfolio performance.
- Validate Models: Regularly test pricing models to ensure accuracy and relevance.
- Improve Processes: Continuously improve pricing practices, tools, and technology.
- Bachelors degree in Actuarial Science, Mathematics, Statistics, Economics, or related field.
- Progress towards Actuarial Exams (e.g., ASA, ACAS) preferred.
- Minimum 3years of experience in actuarial pricing or a related role, preferably in insurance (life, health, property & casualty).
- Familiarity with pricing models and actuarial software (e.g., Excel, R, Python, SAS, Prophet).
If you have not had any response in two weeks, please consider the vacancy application unsuccessful. Your profile will be kept on our database for any other suitable roles / positions.For more information contact:Mogale Molefe
Recruitment Consultant
ExecutivePlacements.com
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Job Detail
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Job IdJD1365350
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IndustryNot mentioned
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Total Positions1
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Job Type:Full Time
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Salary:Not mentioned
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Employment StatusPermanent
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Job LocationCenturion, Gauteng, South Africa
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EducationNot mentioned