Actuarial Analyst - Market Pricing at Discovery Limited

Key Purpose

• Provide analytical capabilities to the Personal Lines Pricing team through predictive modelling exercises and in-depth analytical investigations.

Areas of responsibility may include but are not limited to

• Conduct in-depth investigations and ad-hoc analysis to support pricing decisions and business objectives.
• Create and refine actuarial models to monitor business performance and support development initiatives.
• Taking ownership of lifetime value models and renewal strategies to maximize customer value and retention.
• Utilize predictive modelling techniques to segment the client base and identify pricing opportunities.
• Ensure models are accurate and fit for purpose, regularly monitoring their performance.
• Establish monitoring processes to measure model performance, ensuring accuracy and reliability in pricing decisions.
• Support improvement initiatives and carry out change management tasks to enhance pricing strategies and data processes.
• Ensure data processes are continuously maintained and updated.
• Contribute to the development of pricing strategies aligned with business objectives, ensuring competitiveness and profitability.

Skills

• Technical / Statistical skills
• Leadership skills
• Data management skills
• Modelling skills required:
• Emblem
• Radar
• Programming skills:
• SQL
• Microsoft Office (Excel, PowerPoint, and Word) – advanced level of Excel

Education and Experience

Education:

• Matric (Essential)
• Honours degree in Actuarial Science and/or Mathematical Statistics/ Computer Science or Strong mathematical/economics candidate (Essential)
• Minimum 7 completed CT subjects (Essential)

Minimum Experience:              

• At least 2-4 years experience within the short-term insurance pricing industry (Essential)