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OUTsurance is a customer-centric financial services company with a global foot print. We are vibrant, successful and values orientated with an awesome dynamic culture encapsulated by the ethos that clients and staff “always get something OUT.” Our success can be attributed, amongst other things, to the outstanding people that work for us.
Job Description
The successful candidate will form part of the personal lines pricing and product development team. The main responsibility of the candidate will be to build and improve pricing models to achieve set business targets.
This includes, but is not limited to:
Understanding the different data sources and the value of the input data provided
Analysing data to be able to provide insights to business problems across company
Using statistical models to find appropriate solutions for business problems across company
Building pricing models using actuarial pricing techniques which includes data preparation, risk factor identification and applying different modelling techniques including Generalised Linear Models
Implementing new pricing models which includes system implementation and documentation of modelling process
Monitoring loss ratios and key performance indicators to identify opportunities to improve pricing models and / or product design features
Develop and design new products to enhance product offering to clients
Presenting results to senior management and other stakeholders
Qualifications
Minimum Requirements:
Honours Degree in Actuarial Science
Successfully completed the Foundation & Intermediate Technical actuarial examinations (A1 & A2)
Preferably also completed the Actuarial Risk Management exam (A3)
0-3 years’ experience in actuarial analytics role
Ideally have experience in SQL and / or C#
Good academic track record
Solid interpersonal skills to work effectively alongside a variety of different stakeholders
Skills and Competencies:
Must have a passion for working with numbers and analysing data
Enjoy finding unique solutions to problems and implementing these solutions
Be able to communicate effectively with a wide variety of stakeholders
Should have a strong affinity towards coding and designing robust solutions
Must be a self-starter who can successfully manage a number of different tasks simultaneously
Apply attention to detail
Additional Information
An ideal candidate will be able to align their personal work values to the OUTsurance values of Awesome Service, Passionate, Honest, Human, Dynamic and Recognition.
In accordance with OUTsurance Insurance Company Ltd Employment Equity goals, preference will be given to individuals who meet the job requirements and are from the various designated groups.
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